Kirkland, WA Housing Market
Kirkland, WA October 2025 Housing Market
September 2025 was a Seller's market! The number of for sale listings was up 56.1% from one year earlier and up 5.2% from the previous month. The number of sold listings increased 33.9% year over year and increased 2.5% month over month. The number of under contract listings was up 28.6% compared to previous month and up 28.6% compared to previous year. The Months of Inventory based on Closed Sales was 2.9, up 16% from the previous year.
The Average Sold Price per Square Footage was up 2.8% compared to previous month and down 2.3% compared to last year. The Median Sold Price increased by 8.5% from last month. The Average Sold Price also increased by 18.1% from last month. Based on the 6 month trend, the Average Sold Price trend was "Appreciating" and the Median Sold Price trend was "Appreciating".
The Average Days on Market showed a upward trend, an increase of 138.5% compared to previous year. The ratio of Sold Price vs. Original List Price was 96%, a decrease of 3% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
September property sales were 83, up 33.9% from 62 in September of 2024 and 2.5% higher than the 81 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 87 units of 56.1%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 5.2% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 28.6% in the pended properties in September, with 90 properties versus 70 last month. This month's pended property sales were 28.6% higher than at this time last year.
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The September 2025 Average Sold Price per Square Footage of $770 was up 2.8% from $749 last month and down 2.3% from $788 in September of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for September 2025 was 31, up 34.8% from 23 days last month and up 138.5% from 13 days in September of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 96% was down 1% % from last month and down from 3% % in September of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Depreciating*
The Average For Sale Price in September was $2,110,000, down 19.2% from $2,610,000 in September of 2024 and down 5.5% from $2,233,000 last month.
The Average Sold Price was Appreciating*
The Average Sold Price in September was $2,161,000, up 9.8% from $1,969,000 in September of 2024 and up 18.1% from $1,830,000 last month.
The Median Sold Price was Appreciating*
The Median Sold Price in September was $1,730,000, up 9.8% from $1,575,000 in September of 2024 and up 8.5% from $1,595,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The September 2025 Months of Inventory based on Closed Sales of 2.9 was increased by 16% compared to last year and up 3.5% compared to last month. September 2025 was Seller's market.
Months of Inventory based on Pended Sales
The September 2025 Months of Inventory based on Pended Sales of 2.7 was increased by 22.6% compared to last year and down 18.3% compared to last month. September 2025 was Seller's market.
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The September 2025 Absorption Rate based on Closed Sales of 34.3 was decreased by 14.2% compared to last year and down 2.6% compared to last month.
Absorption Rate based on Pended Sales
The September 2025 Absorption Rate based on Pended Sales of 37.2 was decreased by 17.7% compared to last year and up 22.3% compared to last month.
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
