Seattle Real Estate Market Update – October 2025
As fall settles in, Seattle’s housing market is beginning to level out after several years of intense competition. Rising inventory and slightly longer market times are creating a more balanced landscape where both buyers and sellers can make thoughtful moves.
By the Numbers: September 2025 Snapshot
Months Supply of Inventory: 1.6 (Sept 2024) → 2.9 (Sept 2025)
Seattle’s inventory has increased by 45.5% year over year. With nearly a three-month supply of homes, the city is approaching a “sweet spot” where neither side holds a clear advantage.
Active Listings: 4,515 (Sept 2024) → 5,925 (Sept 2025)
Available listings jumped 31.2% compared to last year, offering buyers more choices across neighborhoods and price points.
Closed Transactions: 2,173 (Sept 2024) → 2,073 (Sept 2025)
Sales volume dipped just 4.6%, signaling that demand remains steady even as buyers take more time to explore their options.
Median Sales Price: $860,000 (Sept 2024) → $875,000 (Sept 2025)
Prices are up a modest 1.7%, showing that Seattle’s market is stabilizing rather than surging. This gradual growth points to long-term health and sustainability.
Average Days on Market: 22 (Sept 2024) → 32 (Sept 2025)
Homes are taking about ten days longer to sell, another reflection of a calmer and more deliberate pace.
List Price vs. Sell Price: 100.04% (Sept 2024) → 98.89% (Sept 2025)
The average home is now selling just below asking, which indicates that the extreme bidding wars of previous years have cooled.
What Does This Mean for You?
For Buyers:
You will likely notice more listings to choose from and less urgency to act within hours. This market gives you the time to compare homes, negotiate confidently, and make informed decisions.
For Sellers:
Your home can still achieve an excellent price, but success now depends on strategy. Pricing competitively and showcasing your property through strong marketing will help your listing stand out in a more balanced market.
For Everyone:
Seattle’s market is shifting toward equilibrium, and that is a healthy change. After years of high pressure on both sides, this new normal allows for stability, predictability, and opportunities for buyers and sellers alike.
Thinking About Buying or Selling?
If you are planning your next move, understanding these shifts can help you strategize effectively. Reach out to discuss how current trends in your neighborhood could impact your plans in this evolving Seattle market.