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

$340,400

  • 6.3% 1-year change
  • 4.9% 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 $340,400. Seattle Metro home values have gone up 6.3% over the past year and Zillow predicts they will rise 4.9% within the next year. The median list price per square foot in Seattle Metro is $174, which is higher than the Washington average of $152. The median price of homes currently listed in Seattle Metro is $319,995 while the median price of homes that sold is $327,000. The median rent price in Seattle Metro is $1,595, which is higher than the Washington median of $1,450.

Foreclosures will be a factor impacting home values in the next several years. In Seattle Metro 6.0 homes are foreclosed (per 10,000). This is greater than the Washington value of 5.8 and also greater than the national value of 4.0

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 6.8%, which is higher than the national value of 6.4%. 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 16.2%, which is lower than Washington at 16.7%.

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Relative ZHVI
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Seattle Metro Market Overview

Data through Jan 31, 2015
  • $340,400 ZHVI
  • 4.9% 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
    (Jan 31, 2016)
  • $319,995 Median listing price
  • $327,000 Median sale price
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Seattle Metro Market Health

Data through Jan 31, 2015
  • 5.8/10 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.
    (Dec 31, 2014)
  • 78 Average days on Zillow (Dec 31, 2014)
  • 16.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6 homes Seattle Metro
5.8 homes Washington
4 homes United States
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Cities in Seattle Metro

Name Median ZHVI
Bellevue $604,800
Redmond $567,400
Seattle $473,400
Name Median ZHVI
Kirkland $467,500
Renton $327,000
Kent $270,400
Name Median ZHVI
Federal Way $259,200
Everett $254,300
Tacoma $189,800

Listings & Sales

Data through Jan 31, 2015
  • $174 Median list price / sq ft
  • $194 Median sale price / sq ft
  • No data Listings with price cut
16.2%
Sold below listing
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Seattle Metro Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,834 Seattle Metro
    $1,520 Washington
    $1,350 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
  • $1.50 Rent list price / sq ft
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