Kirkland Market Pulse
Four indicators that tell you where the Kirkland residential market is heading — sourced directly from NWMLS and refreshed monthly.
A headline number rarely tells the whole story.
Scroll down for the complete view — every chart, every data point, three full years of context. Because the difference between a good decision and a great one is almost always in the trendline beneath the number.
See all graphs & dataSource: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Kirkland segment. Reported figures are NWMLS data and are not guaranteed. Equal Housing Opportunity. Matthew Konsmo · Coldwell Banker Danforth.
Kirkland Housing Market Trends & Residential Sales Data
May 2026 — Matthew’s Analysis of the Kirkland Market
In May 2026, the median sales price across Kirkland residential came in at $1.5M, up 1.9% from the month prior, while the median price per square foot stood at $690. Year over year the median is down 13.5%, a signal of some give in pricing power in this market.
On the supply side, Kirkland saw 190 new listings come to market in May 2026, against 298 homes for sale at month end. Active inventory is up 52.8% from a year ago, giving buyers a wider field of choices than they had last year. At roughly 4.4 months of supply, that points to a relatively balanced market by the conventional rule of thumb (under three months favors sellers, over six favors buyers).
Demand stayed active: 105 pending sales and 84 closings in May 2026. The median home took about 7 days to sell — a fast pace that rewards prepared buyers. Sellers are realizing about 99.8% of their original list price — very close to their original asking price.
Taken together, the ten indicators describe a balanced Kirkland market. Pricing has softened modestly year over year, while inventory and pace are the levers worth watching month to month. For a buyer or seller weighing a move, the right read is rarely a single headline number — it is the direction these series are trending together, which is exactly what the full charts below lay out.
Source: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Kirkland segment. Analysis by Matthew Konsmo · Coldwell Banker Danforth. Figures are NWMLS data and are not guaranteed.
Thinking about buying or selling a Residential home in Kirkland? This page tracks the Kirkland real estate market using live Northwest Multiple Listing Service (NWMLS) data—updated monthly with median sale prices, days on market, closed sales, and inventory levels. Because Kirkland stretches along the eastern shoreline of Lake Washington and features a distinctive mix of waterfront estates, established residential neighborhoods, and newer developments near Downtown and Totem Lake, tracking localized data is essential for understanding general market direction.
Whether you are timing a purchase or preparing to list, the data below provides a clear, objective look at current market conditions. Looking for a more localized market perspective? Explore our hyper-local neighborhood guides for a micro view of specific real estate markets across the city, from West of Market, East of Market and Juanita.
Buying or selling a condo in Kirkland? Condo Market Trends >
Why Direct Comps Reign Supreme
While median and average prices are useful for identifying broad market shifts, they are often too “macro” when you are trying to value a specific front door. To find the true market value of a Kirkland home, nothing beats a direct comparable (comp).
Contact Matthew for a Comparable Market Analysis on your home >
Direct comps account for the critical nuances that broader statistics completely ignore:
Hyper-Locality Matters
In Kirkland, value can change block by block. A home in West of Market that’s an easy walk to Marina Park and downtown carries a different premium than one a few blocks uphill—and a partial Lake Washington or Olympic Mountain view corridor can swing value by 5% to 10% almost instantly. The same holds across Houghton, Norkirk, Highlands, Juanita, and Bridle Trails, where Lake Washington School District attendance boundaries and lot orientation shift from street to street. General market averages can’t see these lines. A direct comp reflects the reality of the specific street and neighborhood.
Accounting for Quality and Finishes
Broad data points can’t distinguish between builder-grade finishes and high-end custom upgrades. Whether a home features standard laminate or custom mitered-edge quartz, direct comps allow for “line-item” adjustments. This matters in Kirkland, where you’ll find everything from updated mid-century homes in Bridle Trails to fully reimagined new construction in Market and Moss Bay. It ensures the premium investments made in a home’s interior are actually reflected in its valuation.
The “Vibe” Factor
Statistics often treat square footage as equal, but buyers don’t. A 1920s Norkirk craftsman and a 2026 modern glass-and-steel build near downtown might share the exact same footprint, yet they appeal to entirely different buyer pools. Using direct comps ensures you’re comparing “apples to apples” by matching the architectural style, character, and lifestyle appeal of a property.
The Bottom Line: If you want to know what a home is worth in today’s market, look past the ZIP code averages and focus on the three or four most similar properties that have closed nearby. That’s where the real data lives. Get the facts behind your home’s value. Contact me for a personalized CMA based on your Kirkland property’s specific characteristics and current market data.