West Seattle

In 2017, the number of single-family home  sales in West Seattle was exactly one more  than in 2016, respectively 1,671 to 1,670.  Note that some variance will be found  among our West Seattle statistics and those obtained directly from the NWMLS. RSIR Research has painstakingly adjusted the locations of Seattle home sales in  recent years, 314 of which were attributed to West Seattle though being actually  located to the south in Burien. 

West Seattle saw $1.01 billion in single  family home sales in 2017, at a median selling price of $605,000-15.9 percent  higher than the 2016 annual median price of $522,000. While these prices may seem modest compared with other areas of the city, the 95th-percentile selling price in West Seattle breached one million dollars back in 2016; and the top five percent of homes sold in this area are forecast to exceed this threshold through 2018 Q4.

Demand is pushing prices higher from the entry level, as 25th-percentile selling prices increased year over year by 16.9 percent in the first quarter of 2017, 25 percent in the second, 24.2 in the third, and 25.8 in the fourth quarter. 

Home sales are moving as quickly here as elsewhere in Seattle, and at the same pace in the first three quarters of the past two years. How-ever, West Seattle’s median cumulative days on market in the fourth quarter were reduced to 10 from 12 in 2016 Q4.

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2017 AT A GLANCE

Median Home Price:

$605,000

Home Sale Volume:

$1.01 Billion