Housing market report for October 2021: Seattle + Eastside

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October 2021 highlights

The Seattle area overall saw fewer homes listed and less activity in October than in September, as is expected. One exception: Eastside single family homes saw clear increases in activity and median price, and a slight uptick in competition.  

  • Seattle has entered the slow season. Median days on market rose 17% for single family homes and 18% for condos, typical for October in Seattle. Sale to list price ratio held steady while the number of properties listed dropped. 
  • Single family homes on the Eastside saw a price surge. Despite having appeared last month to be cooling for the fall, the median sale price for single family homes jumped 8% to $1,410,000—a multi-year high. October 2019 and 2020 brought similar, though smaller, bumps in sale price. Median days on market held steady, and sale-to-list price rose slightly. 
  • The condo market on the Eastside softened. The number of properties listed and pending dropped month over month. While median sale price dropped 8% month over month rather than a spike like we saw in October 2020, the overall trend over the past two years is upward, indicating that Eastside condos are appreciating in value.

See previous months’ highlights

Competition report

Our research team analyzed the competition in select local areas.

Real estate market data

Sale price

List price

Sale price compared to list price

Days on market

Number of properties listed

Number of properties pending sale

Seattle includes data for the city of Seattle.

Eastside includes data for Redmond, Bellevue, and Kirkland.

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