GITNUX MARKETDATA REPORT 2024

Seattle Real Estate Market Statistics: Market Report & Data

Statistic 1

"There is a housing inventory of roughly 1.5 months in Seattle."

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Statistic 2

"The average price per square foot for a home in Seattle is $550."

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Statistic 3

"Homes in Seattle typically stay on the market for about 14 days before being sold."

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Statistic 4

"Seattle's real estate market is considered one of the hottest in the United States."

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Statistic 5

"Seattle's real estate market has seen a 10% year-over-year appreciation in home values."

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Statistic 6

"Mortgage rates in Seattle are averaging around 3.5% for a 30-year fixed mortgage."

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Statistic 7

"Seattle has experienced a 15% increase in high-end luxury home sales."

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Statistic 8

"The Seattle condo market has seen a 5% decline in values over the past year."

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Statistic 9

"The construction of new housing units in Seattle has increased by 25% in the past year."

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Statistic 10

"The average rent for an apartment in Seattle is around $2,150."

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Statistic 11

"Approximately 60% of Seattle residents are renters."

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Statistic 12

"Seattle ranks as the 8th most expensive rental market in the United States."

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Statistic 13

"The median home price in Seattle is approximately $800,000."

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Statistic 14

"Nearly 60% of homeowners in Seattle have some level of mortgage debt."

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Statistic 15

"Approximately 29% of homes in Seattle sell above the list price."

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Statistic 16

"Seattle has an average property tax rate of 1.02%, which is close to the national average."

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Statistic 17

"The Seattle metropolitan area is projected to have one of the highest population growth rates in the US over the next decade."

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Statistic 18

"Seattle's population growth rate is approximately 1.5% per year."

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Statistic 19

"The average down payment for a home in Seattle is around 20%."

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Statistic 20

"Seattle home prices have increased by over 85% in the last decade."

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