Seattle Homes and Condos 2025 Recap
The trends of Seattle real estate continue to closely follow what happens across the Northwest Multiple Listing Service. The residential real estate market remained steady in 2025, even as inventory increased more noticeably. According to the NWMLS 2025 Annual Report, there were 67,929 sales of homes and condos in 2025 totaling more than $55 billion in closed volume. By comparison, 2024 saw 67,788 sales for just under $54.5 billion. Hence, the number of sales increased slightly by 0.21%, while the median price rose a modest 0.7% ($644,500 vs. $640,000).
Inventory played a larger role in shaping the 2025 market. Average active listings increased more than 34% year-over-year, and months of supply averaged 2.83 months, up from 2.11 months in 2024. Meaning, if no new homes/condos were listed, the existing inventory would take nearly three months (2.83 more precisely) to sell. While increase in inventory is large, anything under four months is still considered a seller’s market. As a result, prices largely held steady rather than declining. Furthermore, residential real estate sold for an average of 99.6% of list price, signaling a shift away from the ultra-competitive bidding wars of prior years. For example, in 2024 properties sold for 100.2% of list price.
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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 Magnolia home blends luxury with practicality. Open concept 3 bedroom home AND a 2 bed/1.5 bath DADU as well.
For this blog, the information and statistics were derived from the Northwest Multiple Listing Service.
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