Seattle Real Estate Market Update: What April 2025 Numbers Tell Us

Seattle's spring market is blooming, and the latest numbers from April 2025 give us a clear picture of a shifting but still active housing landscape. Here's what you need to know:

Inventory Is Rising — But Still Tight

Active listings increased significantly from 1,141 last April to 1,619 this year — a 41.9% jump. That's great news for buyers who faced fierce competition and limited options in 2024. However, with just 2.0 months of supply, we’re still deep in a seller's market (a balanced market typically sits at around 5–6 months of inventory).

Homes Are Still Selling Fast

The average days on market dropped slightly from 30 to 28, showing that homes are continuing to move quickly. Even with more inventory, demand remains strong.

Prices Hold Strong

The median sales price rose from $831K to $859K — a 3.4% increase year-over-year. While not as dramatic as prior years, this steady appreciation reflects ongoing buyer demand and Seattle’s strong fundamentals.

Sellers Still Have the Edge

Homes in Seattle sold for 102.26% of list price on average in April, compared to 101.54% a year ago. This increase reinforces the competitive nature of the market — multiple offers are still common, especially for well-priced homes in desirable neighborhoods.

Closed Sales Slip

One of the only downward metrics: closed transactions dropped from 745 to 688 — a 7.7% decrease. This could be due to tight lending conditions, buyer hesitancy, or simple seasonal fluctuation.

Bottom Line: Seattle’s real estate market in April 2025 is showing signs of increased inventory and healthy price growth. While buyers are benefiting from more choices, sellers are still in a strong position thanks to quick sales and competitive pricing.

Thinking of buying or selling this spring? Let’s talk about your goals and how to navigate today’s market with confidence.