Seattle WA Condo Market Report

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Seattle Market Pulse (Condos)

Seattle Condo Market Trends & Condominium Sales Data

Thinking about buying or selling a condo in Seattle? This page tracks the Seattle 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 Seattle spans dozens of distinct neighborhoods and features a diverse mix of Downtown high-rises, mid-rise buildings in urban villages, and established low-rise complexes throughout the city, 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 Magnolia to Laurelhurst.

Buying or selling a single-family home in Seattle? Residential Market Trends >

Live market data

Seattle Condominium — Median Sales Price (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Seattle condominium is a moderate-volume market — month-to-month median prices can fluctuate with the mix of homes sold. Year-over-year trends and the trailing 12-month average provide the most reliable read on market direction.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — New Listings (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ New listings is a flow measure — how much supply hits the market each month. Pair it with active inventory (a stock measure) to see whether supply is building or being absorbed.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — Homes for Sale (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Active inventory is a stock measure — how many homes are for sale at month-end. Rising inventory typically signals slower absorption; falling inventory typically signals competitive conditions.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — Pending Sales (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Pending sales are signed purchase contracts not yet closed. This is a leading indicator — pending counts often shift before closed sales reflect the same change.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — Closed Sales (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Closed sales is the realized transaction volume in the month. Closings lag pending sales by 30–60 days on average, so trends in closings reflect activity that began weeks earlier.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — Median Days on Market (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Days on market measures how fast homes sell. Lower numbers signal stronger demand; higher numbers signal a slower market. This reflects the median of closed transactions in the month.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — Months of Supply (—) (Pending Basis)

NWMLS market data · Condominium properties · Pending basis · Updated monthly

ℹ️ Months of supply (pending basis) estimates how long current inventory would last at the present pace of pending sales. Below 3 months = seller’s market; 3–6 months = balanced; above 6 months = buyer’s market.

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trailing 12 months

24-mo high

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Market analysis

Live market data

Seattle Condominium — Months of Supply (—) (Closed Basis)

NWMLS market data · Condominium properties · Closed basis · Updated monthly

ℹ️ Months of supply (closed basis) estimates how long current inventory would last at the present pace of closed sales. Below 3 months = seller’s market; 3–6 months = balanced; above 6 months = buyer’s market.

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — % of Original Sales Price (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ This ratio shows the median closed price as a percent of the original list price. Above 100% = homes selling above asking (competitive); 97–100% = balanced; below 97% = homes selling well below original asking (cooling/overpriced).

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trailing 12 months

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Market analysis

Live market data

Seattle Condominium — Median Price per Square Foot (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Price per square foot normalizes for home size and is less sensitive to mix changes than median sales price. Use this for cleaner apples-to-apples comparisons across months and across markets.

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trailing 12 months

24-mo peak

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Market analysis