Aug 2026
$887K
-1.8% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Seattle, WA
Median sale price, a Redfin vs. FHFA price check, and daily-refreshed real estate signals for Seattle, WA. Built for agents; free to read.
Seattle, WA’s median sale price is $887K as of Aug 2026 — -1.8% year over year. Pecan Street measures Seattle’s year-over-year home-price change two independent ways: Redfin sale prices and the FHFA House Price Index. It is flagging 1 market signal here right now.
Headline
Oct 6, 2026
7.45%
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
$4,936/mo
$212K/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 | ↑15th of 195 (top 8%) |
|---|---|
| Home-price growth | ↓164th of 195 |
| Price cuts | ↑56th of 195 (top 29%) |
| Days on market | ↓133rd of 195 |
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 | ≈ 22 -3.3% YoY ↑15th of 195 (top 8%) |
|---|---|
| Asking price / sq ft | $427 -2.2% 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 Sep 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 | ≈ 42% +1.1 pts YoY ↑56th of 195 (top 29%) |
|---|---|
| New housing units permitted | 990 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 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 Aug 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 | Redfin vs FHFA HPI |
| 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.
Price reconciliation
amber · 2.1ppRedfin (city) -1.8% | 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↓ | 244↑ | 66↑ | 40↑ | 63↑ | $2.0M↓ |
| 98012 | $900K↓ | 243↑ | 80↑ | 124↑ | 50↑ | $941K↓ |
| 98033 | $1.5M↓ | 232↑ | 92↑ | 76↑ | 50↑ | $1.6M↓ |
| 98034 | $1.0M↑ | 234↑ | 96↑ | 102↑ | 43↓ | $1.0M↓ |
| 98052 | $1.1M↓ | 192↑ | 62↓ | 52↑ | 40↑ | $1.3M↓ |
| 98103 | $799K↑ | 202↑ | 86↓ | 46↑ | 42↑ | $893K↓ |
| 98115 | $845K↓ | 172↑ | 90↑ | 64↑ | 38↑ | $1.0M↓ |
| 98258 | $744K↓ | 199↑ | 68↑ | 132↑ | 50↑ | $699K↓ |
| 98270 | $650K↓ | 196↑ | 66↑ | 118↑ | 63↑ | $635K↓ |
| 98374 | $614K↓ | 202↑ | 70↑ | 90↑ | 51↓ | $581K |
| 98387 | $520K↓ | 184↑ | 50↓ | 100↑ | 58↑ | $507K↑ |
| 98391 | $740K↓ | 302↑ | 80↓ | 134↑ | 59↑ | $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.