Seattle Home Prices & Values

$463,400 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

  • 7.4% 1-year change
  • 5.4% 1-year forecast

Market Temperature: Very HotWhat's This?
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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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Seattle is $463,400. Seattle home values have gone up 7.4% over the past year and Zillow predicts they will rise 5.4% within the next year. The median list price per square foot in Seattle is $338, which is higher than the Seattle Metro average of $184. The median price of homes currently listed in Seattle is $450,000 while the median price of homes that sold is $453,275. The median rent price in Seattle is $1,800, which is higher than the Seattle Metro median of $1,600.

Foreclosures will be a factor impacting home values in the next several years. In Seattle 2.9 homes are foreclosed (per 10,000). This is lower than the Seattle Metro value of 6.7 and also lower than the national value of 4.4

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 is 3.5%, 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 homeowners underwater on their mortgage is 9.7%, which is lower than Seattle Metro at 17.0%.

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Relative ZHVI
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Seattle Market Overview

Data through Jul 31, 2014
  • $463,400 ZHVI
  • 5.4% 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

    (Jul 31, 2015)
  • $450,000 Median listing price
  • $453,275 Median sale price
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Seattle Market Health

Data through Jul 31, 2014
  • 8.9/10 Very 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.

  • No data Average days on Zillow
  • 9.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.9 homes Seattle
6.7 homes Seattle Metro
4.4 homes United States
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Neighborhoods in Seattle

Name Median ZHVI Name Median ZHVI Name Median ZHVI
East Queen Anne $653,000 Downtown Seattle $565,400 Denny Triangle $470,600
Eastlake $428,500 Capitol Hill $414,300 Westlake $401,200
Belltown $372,200 Uptown $317,300 First Hill $287,400

Listings & Sales

Data through Jul 31, 2014
  • $338 Median list price / sq ft
  • $345 Median sale price / sq ft
  • 25.4% Listings with price cut
11.8%
Sold below listing
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Seattle Rentals

Data through Jul 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
$2,115 Seattle
$1,778 Seattle Metro
$1,318 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)
  • $1,800 Rent list price
  • $2.32 Rent list price / sq ft
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