Is Seattle, WA 98131 a buyer’s or seller’s market?
Seattle is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Seattle housing market right now
In the three months ending August 31, 2026, 0% of homes in Seattle, WA 98131 sold above their list price, the typical home went under contract in 0 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (4 days then) and the median sale price rose 11% to $584,147. Overall, Seattle is about as competitive as it was a year ago.
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Where Seattle is
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Questions about Seattle real estate
Is Seattle a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Seattle, WA 98131 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Seattle?
The typical home went under contract in 0 days in the latest three months.
Do homes in Seattle sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What is the median home price in Seattle?
The median sale price was $584,147 in the three months ending August 31, 2026, about $370 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology