November Real Estate Report for Seattle Neighborhoods

Although the local media have been quite vocal about falling home prices in the metro Seattle area, the declines have really been quite small. Overall, home prices in the city have dropped 3.3 percent over the past three months, including the latest Case-Shiller report of a 1.3 percent decrease from August to September. But prices have been up 8.4 percent over the last 12 months, which places Seattle home prices at the third-highest in the U.S. (after Las Vegas and San Francisco).

The trend is expected to continue, with September being the sixth month in a row where home price increases slowed. However, the numbers show that 2018 is still busier than last year, with more listings and higher average and peak home prices.

There were a total of nine single-family residential homes listed in November, as compared to only two homes sold in the same month last year. The average sale price was more than $100,000 higher last month as well, coming in at $886,661 ($774,500 was the average home price for listings that sold in November 2017). The most expensive home sold last month for more than double the $800,000 home sold in November last year; $1,650,000.


With only one condo selling in November 2017 for $455,000, the outlook couldn’t help but improve for condo sales in the last month. There were three condominiums sold, with an average sale price of $628,000. Of the three, the top price for condos that sold last month was $1,010,000 – again more than double the price of the most expensive condominium sold in November last year ($455,000).

There are a total of 1,220 active listings in Seattle right now, plus 452 homes and/or condos that are pending sale.

When you’re ready to list your home for sale or begin searching for your next dream home, professional expertise is key. Ewing and Clark’s team of knowledgeable and experienced brokers and leasing agents are just the partner you need to navigate Seattle’s busy real estate market. Contact us to get started!

This data is pulled from the NWMLS including neighborhoods Arboretum, Ballard, Beacon Hill, Belltown, Belvedere Terrace, Bitter Lake, Blue Ridge, Broadmoor, Broadview, Broadway, Capitol Hill, Cedar Park, Central Area, Columbia City, Crown Hill, Denny-Blaine, Downtown, Dunlap, East Union, Eastlake, First Hill, Fort Lawton, Fremont, Georgetown, Green Lake, Greenwood, Haller Lake, Hawthorne Hills, Interbay, International District, Iverness, Jackson Park, Jefferson Park, Judkins, Lake City, Lake Union, Laurelhurst, Leschi, Licton Springs, Loyal Heights, Madison Park, Madison Valley, Madrona, Magnolia, Magnolia Bluff, Maple Leaf, Matthews Beach, Meadowbrook, Montlake, N. Beacon Hill, North Beach, North Capitol Hill, Northgate, Olympic Hills, Olympic Manor, Phinney Ridge, Pinehurst, Pioneer Square, Portage Bay, Queen Anne, Ravenna, Roanoke Park, Roosevelt, Safeco Field, Sand Point, Seattle, Sodo, South Lake Union, Sunset Hill, The Highlands, Times Square, University District, Victory Heights, View Ridge, Wallingford, Washington Park, Wedgwood, Westlake, Whittier, Windermere, and Woodland Park.