Downtown Seattle Condo Market – Halfway Point 2025
Downtown Seattle Condo Market
Downtown Seattle Condo Market
The “Downtown” Seattle condo market spans three ZIP codes from lower Queen Anne to the Stadium District where the Seahawks, Mainers and Sounders play. In addition to the “downtown” area mixed among the office towers the market includes Belltown, Denny Triangle, Pioneer Square, and International District.
The first half of 2025, there has been 193 condo sales in the Downtown Seattle market. This is down from 232 sales in the first half of 2024. In addition, the days on market is 67 days for a downtown condo this year versus 52 days last year. However, the average and median price is higher for the first half of 2025. The median price in 2025 is $695,000 and the average price $878,879, In comparison, last year the median price was $672,500 and the average price was $860,698.
The sales in most price points year-over-year are relatively even except in the $500,000 range and the price point between $1.250 million and under $1.5 million. In 2024, there were 39 sales versus 15 sales for condos between $500,000 and $599,999. In addition, there were 22 sales in 2024 versus 7 sales in 2025 for condos between $1.250 and $1.499 million. If those two price points were taken away, the sales in 2024 and 2025 would be the same year-over-year.
Luxury Condos
The term luxury condo has changed over the years, but for our purpose it is $1 million and above. In 2024, there were 59 Downtown condo sales over $1 million in the first half of the year while there were 44 sales in the first half of this year.
As discussed previously, most price ranges have the similar amount of sales except for between $1,250,000 and $1,499,999. There were only 7 sales in this price range in 2025. On the other hand, there were 22 in that price range in 2024. The difference of 15 sales (22-7) is the same difference of 59 and 44 sales over $1 million. Thus, the difference in luxury sales really comes down to this price range. On further analysis, eight of the sales in that price range were in the Nexus condo and were sold by the developer. Thus, part of the explanation may be there was more available in that price range in 2024.
Is Seattle Condo Market Slowing Down?
The Downtown Seattle condo market has slowed somewhat: with days on market up and the number of sales down, but prices are still strong.
Every real estate market is different. To navigate the current issues, contact one of Ewing and Clark’s real estate brokers. Ewing and Clark has provided exceptional real estate service to to Seattle condo buyers. With an office in the heart of Belltown, we are always knowledgeable about the downtown condo market.
For this blog the information and statistics were derived from the Northwest Multiple Listing Service.
