Foreclosure Homes in Seattle, WA

Current Market Conditions in Seattle, WA

Seattle's real estate market is competitive, characterized by high demand and low inventory. As of late 2023, the market has remained resilient despite economic uncertainties, with homes selling swiftly and often above asking price.

The past few months have seen a slight increase in home prices due to limited inventory and an influx of buyers, pushing the average home price to new heights. Buyers are encouraged to act quickly as the market continues to tighten.

Rent Prices In Seattle, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Seattle, WA, is on a rollercoaster ride. The average rent price in Seattle, WA, is $2,226.00. Indeed, when looking to rent in Seattle, WA, you can expect to pay as little as $710.00 or as much as $6,260.00, with the average rent median estimated to be $2,130.00. The good news is that finding an affordable and desirable property to rent in Seattle, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.