Seattle Property Insights: Latest Market Updates & Future Trends

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 April

Seattle’s real estate market is starting to pick up steam as we settle into spring. While inventory is still tighter than we’d like to see—especially compared to pre-pandemic norms—we’re beginning to notice more listings popping up, particularly in the sub-$1.2 million range. That subtle shift is creating new opportunities for both buyers and sellers, and the market feels more balanced than it did this time last year. Let’s take a look at what’s happening on the ground and how it could impact your next move.

Sales Activity and Inventory Levels

As we transition from February into March, Seattle’s housing market continues to exhibit robust activity, influenced by both seasonal patterns and broader economic factors. Here’s an overview of the key metrics from February 2025:​

Sales Activity Intensity™

Seattle’s housing market continues to demonstrate robust activity as we move into April. In March 2025, the number of pending sales increased by 29.5% compared to February, indicating a strong seasonal uptick in buyer engagement. The housing supply remains tight, with months of inventory in King County at 1.86, underscoring the ongoing seller’s market. ​

New Listings and Active Inventory

March saw a significant influx of new listings, with 9,161 properties added to the market—a 14.1% increase year-over-year and a 44.4% rise from February. This brought the total active listings to 11,640 by the end of March, up 43.7% compared to the same period last year. In King County specifically, active listings increased by 59.8%, providing more options for prospective buyers.

Days on Market

Homes are selling swiftly, with the median days on market in Seattle at 9 days, reflecting strong buyer demand and competitive conditions.

​The median sale price for homes in Seattle reached $857,000 in March 2025, marking a 1.4% increase compared to the same period last year. This steady appreciation highlights the market’s resilience and the sustained interest in Seattle properties.

Pricing Trends

As we move through April 2025, Seattle’s housing market continues to show resilience and steady price appreciation, particularly across single-family homes. Here’s a breakdown of the latest figures:

Single-Family Residences

• Median Sale Price: In March 2025, the median sale price for single-family homes in Seattle rose to $857,000, a 1.4% increase from the same time last year. This modest yet consistent growth reflects strong buyer interest despite ongoing affordability challenges.

Condos

• Median Sale Price: While detailed condo-specific data for April 2025 is limited, past trends indicate that condo values are continuing to climb, especially in central neighborhoods and transit-friendly locations. Increased inventory in the condo market is giving buyers more options, contributing to healthy activity in this segment.

In April, we’re reviewing the latest available market data from March 2025, when inventory in King County reached 1.86 months—still well within seller’s market territory, though slightly up from February. Buyer demand remained strong, with homes selling in a median of just 9 days. This continued trend of low inventory, steady pricing, and quick sales highlights the competitive landscape of Seattle’s spring housing market.

Market Outlook

As we move into April, the Seattle housing market remains active and competitive, fueled by steady buyer demand and persistently low inventory. While new listings picked up in March, bringing some welcome relief to buyers, overall supply remains well below balanced market levels. Mortgage rates are holding around 6.74%, which continues to shape both buyer affordability and seller strategy. With spring in full swing, market momentum is strong—but so is buyer discernment, meaning thoughtful pricing and preparation are more important than ever.

Advice for Buyers and Sellers

• Buyers: Seattle’s spring market is picking up speed, and well-priced homes are still selling quickly—many within just 9 days. To stay competitive:
  • Get pre-approved before you begin shopping to boost your buying power.
  • Act decisively on homes that meet your criteria, especially in popular neighborhoods.
  • Consider creative strategies like flexibility in closing dates or strong earnest money to stand out in multiple-offer situations.
  • Monitor interest rate trends and speak with your lender regularly to understand your financing options as the market shifts.
• Sellers: Inventory has increased since February, but demand is still strong—making this a prime time to list your home. However, with more choices available, buyers are becoming more selective:
  • Prep your home carefully—deep cleaning, minor repairs, and staging go a long way.
  • Use professional photography and a strong marketing strategy to make your listing shine online.
  • Price strategically to attract interest and encourage competitive offers.
  • Be prepared to move quickly—homes that are ready and priced right are still receiving strong attention, often with multiple bids.

As Seattle heads deeper into the spring market, both buyers and sellers can benefit from being strategic, informed, and well-prepared. Whether you’re hoping to buy your first home, move up, or cash in on equity, I’m here to guide you through every step. Let’s make this spring your season for success! 🌸🏡

Looking Back at Q1 2025

As the first quarter of 2025 wraps up, the Seattle real estate market continues to demonstrate strength and adaptability, with notable trends emerging from January through March. Despite economic headwinds and fluctuating mortgage rates, buyer activity remained strong and seller confidence began to rise with the onset of the spring selling season.

1. Market Activity & Home Sales: Q1 is typically a time when real estate activity begins to pick up after the winter slowdown—and this year was no exception. Seattle saw a 29.5% increase in pending sales from February to March, signaling a clear uptick in buyer demand. Homes sold quickly, with median days on market holding steady at just 9 days, reflecting a highly competitive environment where well-priced and well-presented homes moved fast.

2. Price Trends: Home prices continued their upward trend in Q1, with the median sale price in Seattle reaching $857,000 in March, a 1.4% increase year-over-year. This moderate but consistent growth highlights ongoing demand, especially for single-family homes in desirable neighborhoods. While mortgage rates hovered around 6.74%, buyers remained active—adjusting their expectations and leveraging rate buydowns and flexible financing to stay competitive.

3. Inventory Levels: Inventory began to rise in March, signaling the start of the spring market, but supply remains well below historical norms. King County had 1.86 months of inventory at the end of March—still a clear seller’s market. While new listings are up significantly compared to earlier in the year, the pace of buyer demand continues to outstrip supply in many neighborhoods. As we enter April, this modest increase in inventory gives buyers slightly more choice, though competition remains intense for well-priced homes.

4. Neighborhood Highlights: In Q1 2025, Seattle-area neighborhoods like Bothell, Shoreline, Ballard, West Seattle, and Northgate stood out for strong buyer demand. Bothell saw rising prices and multiple offers, while Shoreline remained attractive for its light rail access and spacious lots despite earlier price dips. Ballard and West Seattle continued to appeal to buyers seeking walkable, charming communities, and Northgate gained traction with its growing transit hub and affordability. These trends highlight a shift toward well-connected, lifestyle-focused neighborhoods offering long-term value.

5. Economic & External Factors: Mortgage rates hovered around 6.74% at the end of March, steady but still higher than pandemic-era lows. Despite this, Seattle’s job market remains strong, particularly in tech, biotech, and healthcare—supporting buyer confidence and driving continued market activity. Economic uncertainty and inflation concerns persist nationally, but local fundamentals in Seattle remain solid, helping to stabilize housing demand. Buyers are adapting with rate buydowns, creative financing, and more strategic home searches.

6. Looking Ahead: As we move into April and deeper into spring, market activity is expected to ramp up. Sellers who list now are entering a favorable window, with strong buyer activity and rising seasonal momentum. Homes that are well-prepared—professionally staged, priced strategically, and marketed effectively—are still receiving strong interest and multiple offers in many areas.

Buyers, on the other hand, should stay focused and get pre-approved to move quickly. With more homes hitting the market, opportunities are expanding—but competition for the best listings remains fierce.

Condo For Sale Pending

• $445,000
• 1 bd
• 1 ba
• 709 sqft

Modern Condo in the Heart of Capitol Hill

Home For Sale Pending

• $800,000
• 3 bd
• 2 ba
• 1610 sqft

The Artist’s Loft: 3-Bedroom Home in Kenmore, WA

Manufactured For Sale Pending

• $160,000
• 2 bd
• 2 ba
• 1496 sqft

Remodeled Mobile Home in Everett’s 55+ Community

Market Recap: Highlights from Fall & Winter 2024

October 2024:

• Market Activity: The market experienced a surge in new listings, with 1,566 homes entering the Seattle market—the highest since 2020. Despite this influx, inventory levels decreased from 2.5 to 2.3 months, indicating that buyer demand remained robust, absorbing the new supply.
• Price Trends: The median home price was approximately $850,000, reflecting a stable market with steady demand.
• Inventory Levels: Despite the increase in new listings, the strong buyer activity led to a decrease in overall inventory, highlighting the market’s competitiveness.

November 2024:

• Market Activity: The market experienced a surge in new listings, with 1,566 homes entering the Seattle market—the highest since 2020. Despite this influx, inventory levels decreased from 2.5 to 2.3 months, indicating that buyer demand remained robust, absorbing the new supply.
• Price Trends: The median home price was approximately $850,000, reflecting a stable market with steady demand.
• Inventory Levels: Despite the increase in new listings, the strong buyer activity led to a decrease in overall inventory, highlighting the market’s competitiveness.

December 2024:

• Market Activity: The market maintained its momentum, with continued buyer interest leading to quick sales.
• Price Trends: The average home value in Seattle reached $851,513, marking a 3.7% increase over the past year.
• Inventory Levels: The number of homes for sale increased, reaching the highest inventory levels since 2019, providing buyers with more choices.