Kirkland WA Housing Market Trends 2025 | Kirkland Real Estate Market Overview
Kirkland, WA December 2025 Housing Market
November 2025 was a Seller's market! The number of for sale listings was up 59.8% from one year earlier and down 24.8% from the previous month. The number of sold listings decreased 36% year over year and decreased 26.9% month over month. The number of under contract listings was down 18.3% compared to previous month and down 1.7% compared to previous year. The Months of Inventory based on Closed Sales was 2.7, up 146.8% from the previous year.
The Average Sold Price per Square Footage was down 9.8% compared to previous month and down 8.3% compared to last year. The Median Sold Price increased by 7.9% from last month. The Average Sold Price also decreased by 3.8% 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 36.4% compared to previous year. The ratio of Sold Price vs. Original List Price was 97%, a decrease of 2% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
November property sales were 57, down 36% from 89 in November of 2024 and 26.9% lower than the 78 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 58 units of 59.8%. 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 down 24.8% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 18.3% in the pended properties in November, with 58 properties versus 71 last month. This month's pended property sales were 1.7% lower than at this time last year.
All reports are published December 2025, based on data available at the end of November 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 Depreciating*
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 November 2025 Average Sold Price per Square Footage of $736 was down 9.8% from $816 last month and down 8.3% from $803 in November 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 November 2025 was 30, up 11.1% from 27 days last month and up 36.4% from 22 days in November of last year.
The Sold/Original List Price Ratio Remains Steady**
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 97% was the same as last month and down from 2% % in November of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published December 2025, based on data available at the end of November 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 Neutral*
The Average For Sale Price in November was $2,177,000, down 13.5% from $2,516,000 in November of 2024 and up 0.1% from $2,175,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in November was $1,883,000, down 7.8% from $2,042,000 in November of 2024 and down 3.8% from $1,958,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in November was $1,562,000, down 1.9% from $1,592,000 in November of 2024 and up 7.9% from $1,448,000 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 November 2025 Months of Inventory based on Closed Sales of 2.7 was increased by 146.8% compared to last year and up 3.8% compared to last month. November 2025 was Seller's market.
Months of Inventory based on Pended Sales
The November 2025 Months of Inventory based on Pended Sales of 2.7 was increased by 66.9% compared to last year and down 6.9% compared to last month. November 2025 was Seller's market.
All reports are published December 2025, based on data available at the end of November 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 November 2025 Absorption Rate based on Closed Sales of 36.8 was decreased by 59.9% compared to last year and down 2.9% compared to last month.
Absorption Rate based on Pended Sales
The November 2025 Absorption Rate based on Pended Sales of 37.4 was decreased by 38.5% compared to last year and up 8.4% compared to last month.
All reports are published December 2025, based on data available at the end of November 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.
