Home Values

Seattle Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$334,600

  • 6.4% 1-year change
  • 4.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Seattle Metro is $334,600. Seattle Metro home values have gone up 6.4% over the past year and Zillow predicts they will rise 4.3% within the next year. The median list price per square foot in Seattle Metro is $183, which is higher than the Washington average of $157. The median price of homes currently listed in Seattle Metro is $339,900 while the median price of homes that sold is $335,300. The median rent price in Seattle Metro is $1,595, which is higher than the Washington median of $1,412.

Foreclosures will be a factor impacting home values in the next several years. In Seattle Metro 6.3 homes are foreclosed (per 10,000). This is greater than the Washington value of 6.0 and also greater than the national value of 4.5

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 Seattle Metro is 6.9%, which is lower than the national value of 6.9%. 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 Seattle Metro homeowners underwater on their mortgage is 17.0%, which is lower than Washington at 17.2%.

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Relative ZHVI
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Seattle Metro Market Overview

Data through Oct 31, 2014
  • $334,600 ZHVI
  • 4.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $339,900 Median listing price
  • $335,300 Median sale price
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Seattle Metro Market Health

Data through Oct 31, 2014
  • 4.2/10 Less healthy
    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.
  • 64 Average days on Zillow (Sep 30, 2014)
  • 17.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.3 homes Seattle Metro
6 homes Washington
4.5 homes United States
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Cities in Seattle Metro

Name Median ZHVI
Bellevue $592,200
Redmond $557,200
Seattle $464,300
Name Median ZHVI
Kirkland $460,100
Renton $321,800
Kent $266,000
Name Median ZHVI
Federal Way $255,000
Everett $249,500
Tacoma $187,400

Listings & Sales

Data through Oct 31, 2014
  • $183 Median list price / sq ft
  • $198 Median sale price / sq ft
  • 36.5% Listings with price cut
15.9%
Sold below listing
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Seattle Metro Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,814 Seattle Metro
    $1,503 Washington
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,595 Rent list price
  • $1.41 Rent list price / sq ft
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