Seattle, WA Housing Market
Seattle, WA December 2025 Housing Market
November 2025 was a Seller's market! The number of for sale listings was up 32.7% from one year earlier and down 15.4% from the previous month. The number of sold listings decreased 12.3% year over year and decreased 28.9% month over month. The number of under contract listings was down 22.4% compared to previous month and up 2.5% compared to previous year. The Months of Inventory based on Closed Sales was 2.8, up 48.4% from the previous year.
The Average Sold Price per Square Footage was down 1.6% compared to previous month and up 1.7% compared to last year. The Median Sold Price decreased by 6.2% from last month. The Average Sold Price also decreased by 4.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a upward trend, a decrease of 3.6% compared to previous year. The ratio of Sold Price vs. Original List Price was 98%, was the same compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
November property sales were 428, down 12.3% from 488 in November of 2024 and 28.9% lower than the 602 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 297 units of 32.7%. 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 15.4% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 22.4% in the pended properties in November, with 406 properties versus 523 last month. This month's pended property sales were 2.5% higher 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 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 November 2025 Average Sold Price per Square Footage of $550 was down 1.6% from $559 last month and up 1.7% from $541 in November 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 November 2025 was 27, up 12.5% from 24 days last month and down 3.6% from 28 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 98% was down 1% % from last month and the same as 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 Depreciating*
The Average For Sale Price in November was $1,255,000, down 4.3% from $1,312,000 in November of 2024 and down 0.6% from $1,263,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in November was $1,144,000, up 2.9% from $1,112,000 in November of 2024 and down 4.2% from $1,194,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in November was $955,000, up 0.5% from $950,000 in November of 2024 and down 6.2% from $1,018,000 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 2.8 was increased by 48.4% compared to last year and up 16.9% 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 3 was increased by 30.5% compared to last year and up 11% 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.
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 35.5 was decreased by 33.9% compared to last year and down 15.9% compared to last month.
Absorption Rate based on Pended Sales
The November 2025 Absorption Rate based on Pended Sales of 33.7 was decreased by 22.7% compared to last year and down 8.2% 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.
