Seattle WA Home Prices & Home Values


The median home value in

Seattle is $767,906.

Seattle home values have
gone up
2.2%
over the past year
and Zillow predicts they will
fall
-1.7%
within the next year.
The median list price per square foot in

Seattle is $517, which is

higher than

the

Seattle-Tacoma-Bellevue Metro

average of $285.

The median price of homes currently listed in

Seattle
is
$689,900
while the median price of homes that sold is
$705,600.

The median rent price in

Seattle
is
$2,600, which is

higher than

the

Seattle-Tacoma-Bellevue Metro

median of
$2,295.

Foreclosures will be a factor impacting home values in the next several years. In

Seattle
0.1
homes are foreclosed (per 10,000).

This is

lower than

the
Seattle-Tacoma-Bellevue Metro
value of
0.8

and also

lower than

the national value of
1.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in
Seattle
is
0.2%, which is

lower than

the national value of
1.1%.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of
Seattle
homeowners underwater on their mortgage is
3.9%, which is

lower than

Seattle-Tacoma-Bellevue Metro
at
4.2%.

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