Home Values

Seattle 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

$504,000

  • 10.8% 1-year change
  • 7.7% 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 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

Very Hot
Buyers' Market
Sellers' Market

The median home value in Seattle is $504,000. Seattle home values have gone up 10.8% over the past year and Zillow predicts they will rise 7.7% within the next year. The median rent price in Seattle is $1,800, which is higher than the Seattle Metro median of $1,625.

Foreclosures will be a factor impacting home values in the next several years. In Seattle 2.0 homes are foreclosed (per 10,000). This is lower than the Seattle Metro value of 4.3 and also lower than the national value of 3.5

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 is 2.4%, which is lower than the national value of 6.0%. 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 8.9%, which is lower than Seattle Metro at 14.6%.

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Relative ZHVI
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Seattle Market Overview

Data through May 31, 2015
  • $504,000 ZHVI
  • 7.7% 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
    (May 31, 2016)
  • No data Median listing price
  • $468,525 Median sale price
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Seattle Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 8.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Seattle
4 Seattle Metro
4 United States
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Neighborhoods in Seattle

Name Median ZHVI
East Queen Anne $629,900
Downtown Seattle $533,600
Denny Triangle $431,900
Name Median ZHVI
Eastlake $409,700
Capitol Hill $398,000
Westlake $371,400
Name Median ZHVI
Belltown $342,100
Uptown $305,000
First Hill $273,500

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $368 Median sale price / sq ft
  • No data Listings with price cut
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Seattle Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,289 Seattle
    $1,867 Seattle Metro
    $1,367 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,800 Rent list price
  • $2.47 Rent list price / sq ft
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