Market Update

King County

Q1 2023

Residential Property Snapshot

Single Family Homes & Condos | Q1 2023
Med. Sales Price
$760k
5% less than in
Q1 2022

Avg. Days On Market
48
200% more than in
Q1 2022

Closed Sales
3,930
38% fewer than in
Q1 2022

Inventory
1,838
Data unavailable for
Q1 2022

Sales Price vs. Closed Sales

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
Closed
New
Inventory

Closed Sales by Price

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 2023

Median Sales Price vs. Average Days on Market

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
By Year
By Price

Market Data by Year

Single Family Homes & Condos

  • Single Family Homes
  • Condos

 |  Q1 2023

Rotate your device to view as table
'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-39%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
n/a
Closed Sales
-38%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
200%

42 Communities

Communities

Auburn

Median
$575k
DOM
57
Sales
141
Inv
40

Bellevue

Median
$1.38m
DOM
56
Sales
247
Inv
137

Bothell

Median
$1.14m
DOM
38
Sales
138
Inv
32

Burien

Median
$600k
DOM
47
Sales
78
Inv
32

Carnation

Median
$910k
DOM
90
Sales
7
Inv
2

Clyde Hill

Median
$4.68m
DOM
89
Sales
7
Inv
9

Covington

Median
$610k
DOM
52
Sales
49
Inv
21

Des Moines

Median
$540k
DOM
65
Sales
57
Inv
16

Duvall

Median
$853k
DOM
52
Sales
26
Inv
18

Enumclaw

Median
$550k
DOM
55
Sales
48
Inv
14

Fall City

Median
$860k
DOM
7
Sales
1
Inv
2

Federal Way

Median
$540k
DOM
42
Sales
189
Inv
45

Hobart

Median
$800k
DOM
36
Sales
16
Inv
10

Hunts Point

Median
n/a
Sales
0
Inv
2

Issaquah

Median
$674k
DOM
53
Sales
72
Inv
23

Kenmore

Median
$1.2m
DOM
50
Sales
49
Inv
14

Kent

Median
$600k
DOM
48
Sales
177
Inv
56

Kirkland

Median
$998k
DOM
42
Sales
201
Inv
85

Lake Forest Park

Median
$910k
DOM
29
Sales
16
Inv
6

Maple Valley

Median
$690k
DOM
37
Sales
61
Inv
18

Medina

Median
$4.56m
DOM
86
Sales
8
Inv
9

Mercer Island

Median
$2.15m
DOM
41
Sales
44
Inv
42

Milton

Median
$550k
DOM
61
Sales
17
Inv
5

Newcastle

Median
$1.22m
DOM
62
Sales
30
Inv
13

Normandy Park

Median
$839k
DOM
23
Sales
6
Inv
2

North Bend

Median
$1.19m
DOM
47
Sales
34
Inv
19

Osceola

Median
$531k
DOM
96
Sales
12
Inv
4

Pacific

Median
$525k
DOM
16
Sales
12
Inv
1

Ravensdale

Median
$1.48m
DOM
44
Sales
3
Inv
0

Redmond

Median
$1.02m
DOM
48
Sales
73
Inv
19

Renton

Median
$669k
DOM
39
Sales
164
Inv
55

Sammamish

Median
$1.5m
DOM
61
Sales
107
Inv
43

SeaTac

Median
$550k
DOM
55
Sales
33
Inv
13

Seattle

Median
$785k
DOM
44
Sales
1,225
Inv
746

Shoreline

Median
$755k
DOM
40
Sales
109
Inv
41

Skykomish

Median
n/a
Sales
0
Inv
0

Snoqualmie

Median
$1.06m
DOM
50
Sales
25
Inv
9

Tukwila

Median
$625k
DOM
66
Sales
14
Inv
15

Union Hill-Novelty Hill

Median
$1.37m
DOM
54
Sales
51
Inv
16

Vashon

Median
$855k
DOM
53
Sales
17
Inv
13

White Center

Median
$585k
DOM
65
Sales
22
Inv
11

Woodinville

Median
$1.14m
DOM
50
Sales
23
Inv
7

Explore More

Meet a local expert who can help your journey

FIND AN AGENT

Sell with us

LEARN MORE

Data provided by Northwest MLS. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Mar 31, 2023 end of day. This report was last updated Apr 12, 2023.

© 2023 Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.