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Foreclosures will be a factor impacting home values in the next several years.
Median home price seattle. Seattle median prices climbed 22000 just in the past month. Homes in seattle receive 2 offers on average and sell in around 6 days. In november 2019 the median sale price for king county where seattle is located. The median rent price in bellevue is 2945 which is higher than the seattle tacoma bellevue metro median of 2295.
The red line shows inflation adjusted median single family home prices in 2007 dollars from 1946 through 2007. In seattle the median price for a house hit 700000 for the first time. The median price of homes that were sold is 705600 feb 2020. The gradient area depicts the year over year change in home prices.
The first thing that jumps out at me is how flat the graph is from 1946. The average sale price of a home in seattle was 735k last month up 47 since last year. In bellevue 02 homes are foreclosed per 10000. Looking at home price data this far back shows us a few interesting things.
New monthly data shows the median price of a single family home in seattle 760000 is exactly the same as it was one year ago. Seattle home values have gone up 22 over the past year and zillow predicts they will fall 17 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 average sale price per square foot in seattle is 475 up 38 since last year.
The median home value in seattle is 767906. The same holds true for bellevue where a typical home ran. Considering the most recent numbers however homebuyers should expect to pay even more to live in the seattle area. Prices in the city have also doubled in the last five years and have climbed 60000 in the last year.
Seattles typical house sold for a record 722250 in april less than three years after crossing the 500000 threshold. Thats well above the national median home price of 227025.
