What is the median home price in Seattle?

There are a lot of homes for sale in the Seattle area right now. The typical home is listed for $749,970, which is slightly less than last year. The median listing price is $749,970. This price hasn't changed in the most recent month but is down 2.4% compared to this time last year. This means homes are a little less expensive than they were a year ago. There are 13,078 active listings, which is a big jump of 28.5% compared to last year. However, fewer new homes are coming on the market, down 7.4% year-over-year. More homes are available overall, but the flow of brand new listings has slowed. Homes are also staying on the market longer, with a median of 51 days before going under contract. This is nearly 10% longer than last year. About one in four homes, or 25%, have seen a price reduction, which is a small increase from last year. For someone looking to buy, there are more homes to choose from, and prices are a bit lower than they were a year ago. Homes are also sitting longer, which might give you more time to decide.

The median home price in the Seattle area is $749,970 right now. This price has stayed the same compared to last month, but it's a bit lower than it was at this time last year. This means homes are listed for about $18,000 less than they were a year ago. Prices are down slightly. The median price per square foot is $427, also a small drop from last year. There are more homes for sale right now than there were a year ago, with 13,078 active listings. This 28.5% increase means buyers have more choices. However, fewer new homes are coming on the market, down 7.4% from last year, which could limit future options. Homes are taking a bit longer to sell. The typical home stays on the market for 51 days, which is almost 10% longer than a year ago. A quarter of all listings have also dropped their prices. This suggests some sellers might be having a harder time finding buyers at their initial asking price. For buyers, the market has cooled slightly, offering more options and potentially a bit more negotiation room. For sellers, it means homes might sit a bit longer and could require more competitive pricing.