Is SeaTac, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, SeaTac has remained a Seller's Market.
Housing Prices in SeaTac, WA
How much do homes in SeaTac, WA cost?
Median Sold Price
$530,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in SeaTac was $530,000 in April 2024, down 0.9% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $247.5K | -31.3% |
2 Bedrooms | $418K | $414.9K | -0.7% |
3 Bedrooms | $527.5K | $540K | +2.4% |
4 Bedrooms | $635K | $640K | +0.8% |
5+ Bedrooms | $847K | $795K | -6.1% |
Summary: SeaTac housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in SeaTac, WA
How many homes are available in SeaTac, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 44 | +2.3% |
Summary: The SeaTac real estate market had 44 homes for sale in April 2024, a 2.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The SeaTac housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in SeaTac in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 36% were sold at asking, and 50% were sold over asking.
Days on Market for SeaTac, WA
How long does it take to sell a home in SeaTac, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 23 Days | -2.5% |
Summary: Homes in SeaTac had an average of 23 days on market in Apr 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in SeaTac; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.