Seattle - WA housing market
The Seattle metro has a typical home value of $720,147, down 1.6% from a year ago. Homes sell in 27 days on average, a balanced market. 34% of listings have had a price cut. Data from Zillow Research, updated monthly.
Seattle housing market, October 2026
The typical Seattle home is worth $720,147 as of September 2026, down 0.1% from the prior month, down 0.3% over three months, and down 1.6% from a year ago. Over the past two years values have ranged from $720,147 to $752,522.
Homes are going pending in about 27 days, slower than the 12 days seen three months earlier. There are roughly 15,065 homes for sale, 20% more than a year ago. 34.2% of listings have taken a price cut (up from 29.1% three months ago).
Typical rent is $2,250 a month, up 2.2% year over year, which puts the price-to-rent ratio at 26.7.
At this week's 7.40% mortgage rate with 20% down ($144,029), the typical Seattle home costs about $4,889 a month including tax and insurance, which needs a household income of roughly $209,500 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($720,147) is the Zillow Home Value Index for the Seattle - WA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 1.6% over the past year. A home worth $731,857 last year is now worth roughly $720,147.
The median sale price, what homes actually close for, is $698,607. Homes are selling at 99.3% of list price, meaning buyers have room to negotiate.
Homes listed in Seattle - WA sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.
About 34.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 4,248 new listings hit the market each month in Seattle - WA. There are currently 15,065 homes for sale, up 20.4% from a year ago.
The typical monthly rent in Seattle - WA is $2,250, up 2.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 26.7x, renting territory (#8 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $3,989 a month in principal and interest, $1,739 more than renting before taxes, insurance and upkeep. The two break even at a 2.41% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in WA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Spokane - WA | $415,045 | +0.2% | 30.0d |
| Kennewick - WA | $436,660 | +0.4% | 31.0d |
| Olympia - WA | $521,365 | +0.1% | 32.0d |
| Bremerton - WA | $579,111 | +1.1% | 21.0d |
| Yakima - WA | $348,084 | +0.5% | 36.0d |