King County Home Prices & Values

$407,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 13.1% 1-year change
  • 10.4% 1-year forecast

The median home value in King County is $407,000. King County home values have gone up 13.1% over the past year and Zillow predicts they will rise 10.4% within the next year. The median list price per square foot in King County is $225, which is higher than the Seattle Metro average of $176. The median price of homes currently listed in King County is $399,950 while the median price of homes that sold is $397,700. The median rent price in King County is $1,730, which is higher than the Seattle Metro median of $1,580.

Foreclosures will be a factor impacting home values in the next several years. In King County 5.0 homes are foreclosed (per 10,000). This is lower than the Seattle Metro value of 6.6 and also greater than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in King County is 6.8%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of King County homeowners underwater on their mortgage is 15.7%, which is lower than Seattle Metro at 20.9%.

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Relative ZHVI
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King County Market Overview

Data through May 31, 2014
  • $407,000 ZHVI
  • 10.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $399,950 Median listing price
  • $397,700 Median sale price
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King County Market Health

Data through May 31, 2014
  • 7.1/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 48 Average of days on Zillow (Apr 30, 2014)
  • 15.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

5 homes King County
6.6 homes Seattle Metro
4.8 homes United States
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Cities in King County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Sammamish $648,300 Issaquah $500,800 Fall City $445,900
Snoqualmie $426,800 Carnation $413,900 Ravensdale $377,500
North Bend $349,800 Maple Valley $318,600 Black Diamond $295,900

Listings & Sales

Data through May 31, 2014
  • $225 Median list price / sq ft
  • $246 Median sale price / sq ft
  • 15.6% Listings with price cut
15.2%
Sold below listing
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King County Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,960 King County
$1,753 Seattle Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,730 Rent list price
  • $1.85 Rent list price / sq ft
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