Welcome to HomePro Associates, your go-to resource Seattle real estate market update. We are here to keep you informed with the latest market trends, key statistics, and insightful analysis of Seattle’s real estate landscape.
Whether you’re buying, selling, or investing, our goal is to provide you with the knowledge and tools you need to make smart, confident decisions in today’s competitive market. From neighborhood insights to pricing trends, we cover all the essentials to help you navigate Seattle’s ever-evolving real estate environment.
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Seattle’s Real Estate Market Update for October 2025
As we move into the holiday season, the Seattle housing market continues its gradual cooldown — but remains stable overall. October data shows the median home price in King County holding at $860,000, down slightly from last month and roughly 3% lower than this time last year.
Inventory levels remain elevated, up about 25% year-over-year, giving buyers more options than they’ve had in several years. Homes are staying on the market a bit longer, and sellers are increasingly offering concessions such as closing cost credits or minor repairs to attract buyers.
Still, well-priced, move-in-ready homes—especially those between $700K and $1.1M—continue to sell quickly in desirable neighborhoods like Ballard, Bellevue, and West Seattle.
One segment worth watching right now is Redmond condos. With more affordability than single-family homes and continued demand from tech professionals working in the Eastside corridor, Redmond’s condo market remains active and appealing. (You can watch this month’s Redmond WA Condo Market Update video below for more local insights.)
Overall, November’s market rewards preparation and precision. Buyers benefit from softer competition, while sellers who price strategically and present their homes well are still closing strong deals.
🎥 Redmond, WA Condo Price Update
As we move into November, Seattle’s housing market continues to follow a steady fall slowdown after a busy summer. Buyer activity has eased slightly, with many waiting for interest rate improvements, yet demand remains healthy in desirable neighborhoods and for well-presented homes.
Inventory continues to build, giving buyers more choices and leverage than they’ve had in years. Compared to last fall, active listings in King County are up nearly 25%, while pending sales dipped about 6% month-over-month as the market normalizes heading into the holidays.
For sellers, this means pricing and presentation are more critical than ever. Homes in the $700K–$1.1M range continue to see steady activity when staged professionally and priced competitively, but dated or overpriced listings are sitting longer and facing price adjustments before going under contract.
Sales Activity Intensity™
Market pace remains moderate across the Seattle metro area. King County’s months of inventory rose again to approximately 3.1 months in October, up from 2.9 in September, showing continued movement toward a balanced market. While not yet a true buyer’s market (which typically starts at 4–6 months of inventory), the gap between buyer and seller leverage is tightening.
Homes that are turnkey and priced right can still attract multiple offers — but those cases are now the exception, not the rule.
New Listings and Active Inventory
Active listings remain near their highest levels since 2020, with many sellers motivated to move before year-end. Buyers now have greater negotiating power, particularly for homes needing updates or priced above $1.2M.
Meanwhile, condos — especially in Redmond, Bellevue, and Downtown Seattle — remain an appealing entry point for both first-time buyers and investors seeking affordability in high-demand areas.
As we approach winter, expect a seasonal slowdown in new listings, though serious buyers will continue to benefit from reduced competition and motivated sellers. Sellers who price strategically now can still achieve strong outcomes before the holidays.
Homes are still selling, but they’re taking longer to move. In October, the median days on market in Seattle rose to 24 days, up from 21 in September and 18 in August.
Move-in-ready homes in desirable areas still sell quickly — often within 7–10 days when priced right — while others sit longer until sellers adjust price or presentation.
Home prices in Seattle softened slightly in October, with the median sale price for single-family homes in the region holding around $850,000, down about 1-2% from the prior month.
This modest dip signals continued cooling — not collapse. Buyers are increasingly value-focused, especially given affordability constraints. Homes that are overpriced or under-prepared are staying on the market longer and often see one or more price cuts before selling.
On the flip side, well-presented, move-in ready homes in desirable neighborhoods are still moving quickly—typically within the first one or two weeks when priced right.
Single-Family Residences
Condos
In November, we’re reviewing the latest data from October 2025, when King County inventory rose to 3.1 months — the highest level since 2020 and a continued sign of a cooling, more balanced market.
Buyer demand remains steady but cautious, as elevated interest rates and expanded inventory give shoppers more time to compare homes and negotiate.
Across Seattle, homes sold in a median of 24 days, up from 21 in September, showing that well-priced, move-in-ready listings are still moving quickly, while others are taking longer to secure offers.
As of November, Seattle’s real estate market remains cooling but stable. Inventory has climbed to about 3.1 months of supply, the highest since 2020, while buyer demand stays steady yet selective. Homes are taking longer to sell, but well-priced, well-presented listings continue to move within a few weeks.
The average 30-year mortgage rate is now hovering near 6.9%, keeping affordability tight and encouraging buyers to take a more measured approach. Despite these challenges, the market remains balanced and orderly—a clear correction, not a collapse.
Heading into winter, Seattle’s housing landscape rewards strategy over speed. Buyers have more leverage, while sellers who price realistically and prepare their homes well can still achieve solid results. Success now depends on market knowledge, presentation, and precision pricing.
Buyers: Seattle buyers are finally in a stronger position. With homes now taking an average of 24 days to sell, there’s less competition and more room to negotiate. Still, desirable listings—especially in Ballard, Green Lake, and West Seattle—can move quickly when priced right.
Sellers: November still offers opportunity for motivated sellers, but success now depends on precision and presentation. With inventory at its highest level since 2020, buyers are comparison-shopping carefully, making pricing and marketing more important than ever.
As we head into the holiday season, the key for both buyers and sellers is strategy over speed. Seattle’s housing market continues to cool gradually, but opportunities remain strong for those who understand today’s dynamics and make data-driven, well-timed moves.
Looking Back at Q3 2025
As we review the third quarter of 2025—covering July through September—Seattle’s housing market clearly transitioned from a high-activity summer into a cooler, more balanced fall. The market’s momentum slowed modestly, shaped by higher interest rates, growing inventory, and increasingly selective buyers. Still, well-priced and well-presented homes continued to attract solid activity, particularly in core neighborhoods like Ballard, Green Lake, and Shoreline.
1. Market Activity & Home Sales: Throughout Q3, buyer demand remained steady but more cautious. In King County, inventory averaged 2.7 months, the highest level we’ve seen since 2021—signaling a clear move toward balance. Homes sold in a median of 19 days, up from single digits in the spring, showing that buyers now have more time to compare options and negotiate. Even so, turnkey homes under $1.1M in popular areas continued to sell quickly when priced right.
2. Price Trends: The median sale price for single-family homes in Seattle averaged $870,000 for Q3, representing a 2% decline from Q2 and about 4% lower year-over-year. This softening reflects the normalization of the market, not a crash—pricing is simply adjusting to reflect today’s higher financing costs and broader inventory.
3. Inventory Levels: Inventory continued to build throughout the third quarter, marking one of the most significant shifts of 2025. By the end of September, King County inventory reached 2.9 months, up from 2.1 months in June and representing the highest level in over two years. This increase has given buyers noticeably more breathing room, signaling a transition toward a more balanced market.
While new listings held steady through summer, many sellers found themselves competing for attention as buyer urgency eased. In popular neighborhoods like Ballard, Ravenna, and West Seattle, turnkey homes priced correctly still went pending within two weeks—sometimes with multiple offers—but others lingered longer, often requiring price adjustments.
The uptick in supply is a welcome change for buyers, providing more time and options, but inventory remains below the 4–6 months that defines a true buyer’s market. For now, balance—not a downturn—is the defining theme of Q3.
4. Neighborhood Highlights: During Q3, Seattle-area neighborhoods showed diverging trends depending on price point and location. Ballard, West Seattle, and Green Lake remained active, attracting consistent demand for their walkability, charming homes, and community feel. These areas saw homes sell fastest when listed under $1.1M and move-in ready.
Shoreline and Bothell continued to perform well, thanks to light rail expansion, excellent schools, and more suburban space for families. Shoreline, in particular, saw renewed buyer interest from commuters seeking larger lots within reach of downtown.
Meanwhile, Northgate and Lynnwood gained traction among both investors and first-time buyers due to expanded light rail service and more affordable condo and townhouse options. Overall, neighborhoods offering value, lifestyle convenience, and strong transportation links outperformed higher-priced or less updated areas.
5. Economic & External Factors:Mortgage rates fluctuated between 6.6% and 7.0% throughout Q3, maintaining pressure on affordability but showing relative stability compared to earlier volatility. While higher borrowing costs slowed some discretionary moves, Seattle’s diverse economy—anchored by tech, healthcare, and biotech—remains resilient, keeping local employment strong and supporting steady buyer activity.
Buyers are adapting to the new rate environment by using seller-paid rate buydowns, ARMs (adjustable-rate mortgages), and other creative financing strategies to stay competitive. Inflation has cooled slightly since spring, offering cautious optimism that rates could ease further heading into 2026.
6. Looking Ahead: As we move into Q4 2025, Seattle’s real estate market is expected to maintain a measured, balanced pace. Sellers who list this fall will face more competition, but well-priced, well-presented homes can still stand out and sell efficiently. The key to success is preparation: fresh staging, strong marketing, and pricing aligned with current conditions.
For buyers, the fall market presents opportunity. With more inventory and fewer bidding wars, well-prepared buyers who are pre-approved and decisive can secure excellent homes without the frenzy of years past.
While the market has cooled from its spring highs, Seattle remains fundamentally strong. The region’s economic stability, growing population, and long-term housing demand continue to support values—making Q4 a season for smart, strategic moves, not panic or retreat.
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The Puget Sound Market Update with Emily Cressey shares market insights and tips for buyers and sellers in the always evolving Seattle – Bellevue – Everett real estate market. Whether you want to buy, sell, or invest, our market insights will help you track market trends and make smart decisions.
