The Seattle housing market is always shifting. Whether you’ve owned your home for decades or just a few years, understanding current trends is key to knowing when (and how) to make your next move.
Below, I’ve answered the most common questions Seattle homeowners are asking this fall about selling, buying, and what’s really happening in today’s market. I hope I can answer something you’ve been wondering. Still have questions at the end of this blog? Call us today and we’ll find the answers for you.
As of September 2025, the median single family home price in Seattle sits at $965,000, according to NWMLS data. That’s up 3.4% year-over-year, signaling a modest cooling after several years of steady appreciation.
While prices have dipped slightly from the summer highs, the overall market remains resilient. Buyers are still active, especially in sought-after neighborhoods like Queen Anne, Green Lake, and Ballard, where updated, move-in-ready homes continue to draw strong interest.
If your home has desirable features like modern finishes, flexible space for a home office, or ADU potential, demand remains healthy even with prices leveling off.
Homes in Seattle are currently averaging 13 days on the market, up roughly 18% compared to last year, per Redfin. While that’s a longer timeline than last fall, it still reflects a relatively brisk pace by national standards.
Well-prepared listings, those that are clean, well-staged, and priced competitively, often move faster, sometimes receiving multiple offers within the first week. Homes that linger tend to need updates or are priced above market.
With more listings available this fall, buyers have slightly more breathing room to evaluate options, but attractive homes are still moving quickly.
Mortgage rates remain elevated compared to historic lows, but they’ve shown signs of stability. According to Freddie Mac, the average 30-year fixed mortgage rate is currently around 6.27%.
This is a slight improvement from earlier in the year and has helped bring some buyers back into the market who had been waiting on the sidelines.
For sellers, that means strategy is key. Pricing right the first time and ensuring your home presents well can make a major difference in both time on market and the strength of incoming offers.
Seeing the falling rates and ready to start thinking about buying your next home? Contact Georgia Buys for a free, no-obligation conversation about options for your current home.
One of the biggest shifts this fall is inventory. There are now about 1,459 active listings across Seattle, which is up 28% year-over-year, based on NWMLS data.
This increase gives buyers more choices and has helped moderate bidding wars that were common in recent years. However, the city is still well below pre-pandemic inventory levels, meaning demand continues to outweigh supply in many areas.
For sellers, competition has grown, but so has buyer activity, especially for well-priced homes under $1 million.
According to Apartments.com, the median rent for a 2-bedroom apartment in Seattle remains around $2,800 per month, unchanged from the summer.
Rental rates have stabilized after several years of sharp increases, as new multi-family projects continue to hit the market. Still, renting in Seattle remains expensive, which helps sustain demand among would-be buyers seeking long-term stability and equity.
For those weighing whether to rent or buy, a mortgage payment on a mid-priced home will still be higher month-to-month, but ownership continues to provide financial upside over time through appreciation and equity growth.
If your home is in good condition, located in a desirable neighborhood, and you have built-up equity, now can still be an opportune time to sell.
While buyers are becoming more selective, many are motivated to move before rates or prices shift again heading into 2026. The key is partnering with an agent who understands the nuances of today’s market and can position your property strategically. We highly recommend the team at Urban Real Estate Partners, who have successfully listed and sold many of our projects in recent years.
The easiest way to start is by checking online platforms like Redfin or Zillow to browse recent comparable sales in your area. Look for:
This will give you a general range, but online estimates can miss important context, especially with unique or off-market data.
For a more accurate, personalized valuation, you can request a free, no-obligation estimate from our team at Georgia Buys. We’ll analyze your home’s features, neighborhood trends, and recent comparable sales to provide a detailed valuation you can actually trust.
Curious what your home is worth in today’s Seattle Housing market? Request a Property Review and we’ll help you understand your options.
Seattle’s housing market this fall looks steady but evolving. Prices have softened slightly, more listings are on the market, and buyers are back with a bit more leverage, but overall demand remains solid.
Whether you’re planning to sell soon, explore an off-market option, or just want to know your home’s current value, understanding where the market stands today can help you make confident, informed decisions.
