Aug 2026
$886K
-1.9% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Seattle, WA
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Seattle, WA. Built for agents; free to read.
Seattle, WA’s median sale price is $886K as of Aug 2026 — -1.9% year over year. Pecan Street tracks Seattle with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), and is flagging 2 market signals here right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$4,736/mo
$203K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Seattle compares to other U.S. metros
| Price-to-rent | ↑13th of 195 (top 7%) |
|---|---|
| Home-price growth | ↓168th of 195 |
| Days on market | ↓149th of 194 |
| Price cuts | 78th of 194 (top 41%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 23 +5.6% YoY ↑13th of 195 (top 7%) |
|---|---|
| Asking price / sq ft | $432 -2.5% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 39% -0.8 pts YoY 78th of 194 (top 41%) |
|---|---|
| New housing units permitted | 1,702 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 158 |
|---|---|
| MLS board of record | Northwest MLS (NWMLS) |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
Strength 4 / 5
20 days
Bellevue homes taking 20 days to sell — +100.0% vs. a year ago
Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.
Strength 4 / 5
24 days
Renton homes taking 24 days to sell — +118.2% vs. a year ago
Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.
Price reconciliation
amber · 2.2ppRedfin (city) -1.9% | FHFA HPI · Q2 2026 +0.3% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Seattle → Latest dispatch: Sep 11, 2026.
More markets in WA
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 98004 | $2.0M↑ | 249↑ | 60↑ | 40↑ | 64↑ | $2.0M↓ |
| 98012 | $950K↑ | 244↑ | 80↑ | 156↑ | 49↑ | $941K↓ |
| 98033 | $1.5M↓ | 254↑ | 84↑ | 44↑ | 44↑ | $1.6M↓ |
| 98034 | $1.0M↑ | 234↑ | 84↑ | 84↑ | 40↑ | $1.0M↓ |
| 98052 | $999K↓ | 180↑ | 72↓ | 72↑ | 44↑ | $1.3M↓ |
| 98103 | $799K↑ | 178↑ | 72↑ | 56↑ | 38↑ | $893K↓ |
| 98133 | $686K↓ | 165↑ | 68↑ | 48↑ | 45↑ | $736K↓ |
| 98258 | $770K↓ | 196↑ | 80↑ | 88↑ | 45↑ | $699K↓ |
| 98270 | $672K↓ | 190↑ | 88↑ | 76↑ | 53↑ | $635K↓ |
| 98374 | $610K↓ | 191↑ | 92↑ | 84↑ | 43↓ | $581K |
| 98387 | $525K↓ | 187↑ | 68↓ | 104↑ | 59↑ | $507K↑ |
| 98391 | $744K↓ | 297↑ | 96↑ | 160↑ | 54↑ | $672K↓ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.