Kirkland WA Housing Market Trends 2026
Kirkland, WA May 2026 Housing Market
May 2026 was a Neutral market! The number of for sale listings was up 17.3% from one year earlier and up 3.1% from the previous month. The number of sold listings increased 17.6% year over year and increased 27.9% month over month. The number of under contract listings was up 25.3% compared to previous month and up 42.5% compared to previous year. The Months of Inventory based on Closed Sales was 3.4, the same as the previous year.
The Average Sold Price per Square Footage was down 8.7% compared to previous month and down 6.5% compared to last year. The Median Sold Price decreased by 1.9% from last month. The Average Sold Price also decreased by 8.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend, an increase of 26.7% compared to previous year. The ratio of Sold Price vs. Original List Price was 99%, was the same compared to previous year.
Video edited on Kapwing
It was a Neutral Market
Property Sales (Sold)
May property sales were 87, up 17.6% from 74 in May of 2025 and 27.9% higher than the 68 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 44 units of 17.3%. 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 3.1% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 25.3% in the pended properties in May, with 104 properties versus 83 last month. This month's pended property sales were 42.5% higher than at this time last year.
All reports are published June 2026, based on data available at the end of May 2026, 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 May 2026 Average Sold Price per Square Footage of $707 was down 8.7% from $774 last month and down 6.5% from $756 in May of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral 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 May 2026 was 19, down 26.9% from 26 days last month and up 26.7% from 15 days in May of last year.
The Sold/Original List Price Ratio was Rising**
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 99% was up 1% % from last month and the same as in May of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published June 2026, based on data available at the end of May 2026, 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 Neutral*
The Average For Sale Price in May was $2,267,000, up 2.7% from $2,208,000 in May of 2025 and down 1.3% from $2,297,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in May was $1,751,000, down 7% from $1,883,000 in May of 2025 and down 8.2% from $1,907,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in May was $1,440,000, down 6.1% from $1,534,000 in May of 2025 and down 1.9% from $1,468,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Neutral 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 May 2026 Months of Inventory based on Closed Sales of 3.4 was the same compared to last year and down 21.2% compared to last month. May 2026 was Neutral market.
Months of Inventory based on Pended Sales
The May 2026 Months of Inventory based on Pended Sales of 2.9 was decreased by 17.2% compared to last year and down 17.2% compared to last month. May 2026 was Seller's market.
All reports are published June 2026, based on data available at the end of May 2026, 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 Neutral 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 May 2026 Absorption Rate based on Closed Sales of 29.2 was increased by 0.3% compared to last year and up 24.2% compared to last month.
Absorption Rate based on Pended Sales
The May 2026 Absorption Rate based on Pended Sales of 34.9 was increased by 21.6% compared to last year and up 21.6% compared to last month.
All reports are published May 2026, based on data available at the end of April 2026, 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.
