Q1 2025 Market Update

The first quarter of 2025 brought notable shifts across King County and several key submarkets. Here’s how each area performed.

🏙️ King County

• Median Sales Price: $940,000 (↑1.62% YoY)
• Average Price per Sq. Ft.: $550 (↑2.42%)
• Average Days on Market: 33 days
• Inventory: 1.9 months (Seller’s Market)
• Homes Sold: 3,612 (↑1.4% YoY)

King County’s steady market reflects its appeal, with strong demand supported by a diverse job market and urban-suburban mix. Inventory jumped 47.3% YoY, offering a breath of fresh air to buyers.

🌉 The Eastside

• Median Sales Price: $1,595,000 (↑6.26%)
• Price per Sq. Ft.: $656 (↑5.64%)
• Days on Market: 25 days
• Inventory: 2.1 months (Seller’s Market)
• Homes Sold: 874 (flat YoY)

The Eastside remains a powerhouse of growth, with robust appreciation driven by tech proximity and luxury developments. Despite a big bump in inventory (↑89.31%), demand remains high.

🌆 Seattle

• Median Sales Price: $1,025,000 (↑9.63%)
• Price per Sq. Ft.: $600 (↑1.35%)
• Days on Market: 34 days
• Inventory: 2.2 months (Seller’s Market)
• Homes Sold: 973 (↓2.41%)

Seattle’s market stayed hot, with a notable median price gain and growing inventory. While fewer homes sold than in Q1 2024, interest in city living shows no signs of fading.

🌳 Mercer Island

• Median Sales Price: $2,937,000 (↑16.69%)
• Price per Sq. Ft.: $840 (↑4.22%)
• Days on Market: 41 days
• Inventory: 2.9 months (Seller’s Market)
• Homes Sold: 30 (↓21.05%)

Luxury continues to define Mercer Island. Though sales dipped, supply more than doubled YoY, giving buyers a bit more breathing room.

🛳️ Bainbridge Island

• Median Sales Price: $1,523,000 (↑28.2%)
• Price per Sq. Ft.: $530 (↓8.3%)
• Days on Market: 59 days
• Inventory: 3 months (Neutral Market)
• Homes Sold: 46 (↑15%)

Bainbridge saw the largest price increase. While price per square foot dipped—suggesting more high-end properties sold—buyer activity still increased as the island gears up for its stronger spring/summer season.

Ready to Navigate Your Market?

Whether you’re looking to buy or sell in one of these thriving areas, let’s connect. I’ll help you make smart, data-driven moves in 2025.