February 2025 Real Estate Market Trends

The real estate market continues to shift across King County, the Eastside, and Bainbridge Island, with notable changes in pricing, competition, and market activity.

Median Sales Prices

• King County: $930K (8.1% YoY increase, 1.1% MoM increase)
• Eastside: $1.7M (-1.1% YoY, 1% MoM increase)
• Bainbridge Island: $1.8M (-2.9% YoY, 2% MoM increase)

Despite fluctuations, the Eastside and Bainbridge Island remain in the luxury tier, while King County shows strong annual appreciation.

Buyer Competition & Pricing Power

• % of Asking Price Received:
  • King County & Eastside: 101% (showing competitive bidding)
  • Bainbridge Island: 98% (stable pricing)

Buyers in King County and the Eastside are still offering above asking in many cases, indicating continued demand in these areas.

Days on Market (CDOM)

• King County: 35 days (-25% MoM)
• Eastside: 29 days (-25.6% MoM)
• Bainbridge Island: 73 days (-17% MoM, 58.7% YoY increase)

While the Eastside and King County are seeing faster sales, Bainbridge Island properties are taking longer to sell, likely due to changing buyer preferences or seasonal adjustments.

What This Means for Buyers & Sellers

• For Sellers: Pricing competitively remains key, especially in Bainbridge Island, where properties are taking longer to sell. However, bidding wars are still common in King County and the Eastside.
• For Buyers: While homes are moving quickly in many areas, rising median prices in King County mean affordability could become more challenging. Bainbridge Island may offer opportunities for buyers looking for more negotiating power.

If you're considering buying or selling in these areas, now is a great time to strategize. Contact us for a deeper dive into your local market!