Seattle Real Estate
The trends of Seattle real estate follow closely what happens across the Northwest Multiple Listing Service. The real estate prices remain strong while inventory continued to increase over last year. Inventory at the end of February was 10,448 which was up 39.4% from the previous year. While inventory was up dramatically, sales were up only 1.9%. Nevertheless, the 4,268 closed sales meant there was only 2.45 months of inventory at the end of the month. Anything under 4 months is a seller’s market. Thus, the NWMLS median sale’s price was $630,000 in February which was up from last February ($608,111). In addition, in the county were Seattle real estate is located, the King County median sales price was $820,000.
Luxury Real Estate Around Seattle
Luxury Homes
In King County there were 147 luxury homes sales of over $2 million last month. On the other hand, last year, there were 131 homes sold in the same price range.
The Eastside generally dominates the local luxury real estate market. This February, there 13 sales over $4 million, 10 were on The Eastside. Although, the overall highest sale in February was a Seattle luxury home north of Ballard. The sprawling home sits on nearly 2.5 acres with stunning views of Puget Sound. The Seattle luxury home never was on the open market and sold for $10.5 million.
Luxury Condos
There were 89 condos sold for over $1 million in February 2025 versus 69 last February. Thus, luxury condos took quite a jump in 2025. There were two sales of $4 million. A condo in Bellevue Towers sold for $2.8 million. In addition, a luxury Seattle condo sold for $4.150 million in the Four Seasons.
Learn More About Seattle Real Estate
Click the link to learn more about the Seattle real estate market! The monthly reports have more specific numbers regarding both Seattle home and Seattle condo market. Or click here to contact a Seattle real estate broker to discuss the market.
Feature Picture: This stunning, 27th floor Belltown condo, featuring 2-stories, delivers majestic sunsets over Puget Sound & Olympic Mtns, as well as views of the Space Needle!
For this blog the information and statistics were derived from the Northwest Multiple Listing Service.
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