March Market Snapshot: Momentum Builds Heading into Spring

The real estate market across King County, the Eastside, and Bainbridge Island continued its upward swing in March. Inventory is rising, buyer activity is climbing, and median home prices remain strong despite some softening on Bainbridge. Whether you're looking to buy or preparing to sell, here’s what you need to know this month.

The Eastside

The Eastside remains a firm seller’s market, with only 1.6 months of supply. Buyer demand is strong—436 homes sold in March, a 45.3% jump from February. We also saw a 57.7% increase in new listings, bringing more options to buyers who’ve been waiting on the sidelines.

• Median sold price: $1.65M
• Homes sold for 101% of asking price, holding steady month-over-month
• Average cumulative days on market (CDOM): 17 days

King County

King County overall shows a healthy balance. While homes are selling a bit slower (25 average CDOM), pricing power remains in sellers’ hands:

• Median sold price: $995K
• Homes sold for 101% of asking price, with no MoM change
• YoY price appreciation: 6.5%

Bainbridge Island

Bainbridge saw a surge in new listings, jumping 133.3% month-over-month, and sales followed suit, up 80% MoM.

• Median sold price: $1.7M (despite a notable dip MoM, prices are up 32% YoY)
• Homes sold for 96% of asking price, showing more buyer leverage
• Inventory sits at 2.6 months of supply, edging closer to a neutral market
• Average CDOM: 21 days

💡 What It Means
Buyers are returning to the market, especially in core neighborhoods on the Eastside and Bainbridge. If you're a seller, thoughtful pricing and strong preparation are key to standing out in an increasingly competitive landscape. For buyers, now is the time to re-engage before more competition heats up this spring.