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.
Our research team analyzed the competition in select local areas.
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.