Q2 2025 Market Update: Key Trends Across Seattle, Eastside, Bainbridge, Mercer Island & King County

The Puget Sound housing market is continuing to shift as we enter the second half of 2025. The Realogics Sotheby’s International Realty Q2-2025 Market Trends report highlights key year-over-year changes in pricing, supply, and sales volume across the region.

 Seattle 

Seattle remains a seller’s market with 2.5 months of inventory, even with a 36% increase in homes for sale compared to Q2-2024. More options for buyers didn’t slow price growth; the median home price climbed 8.3% to $1.083M. Homes are selling quickly, and total sales were up 3% year-over-year.

Seattle Report

Bainbridge Island

Bainbridge experienced one of the largest increases in homes for sale, up 39.2% YoY. This shift brought more balance, with 3 months of inventory and longer market times (avg. 30 days on market, up from 22). Median prices dipped slightly to $1.34M (↓ 2.5%), but homes sold rose 7.9% YoY.

Bainbridge Island Report

Eastside

On the Eastside, inventory nearly doubled (+90.5% YoY), giving buyers more selection. Median home price adjusted modestly, down 2.5% to $1.56M, and homes took an average of 16 days to sell. With 2.5 months of inventory, this remains a seller’s market.

Eastside Report

Mercer Island

Mercer Island’s luxury market saw major supply growth, with homes for sale up 94.3% YoY. Surprisingly, homes sold faster, averaging 12 days on market, down from 25. Median price dipped 2.5% to $2.53M, with 2.8 months of inventory—still technically a seller’s market.

Mercer Island Report

King County

The broader King County market reflects similar trends: 2.4 months of inventory, homes selling in 19 days on average, and an average price per square foot of $570. Inventory is higher, but homes remain in demand, keeping conditions favorable for sellers.

King County Report

What Does This Mean for Buyers & Sellers?

Buyers: More inventory means more choice and less competition per property, but homes are still moving quickly.

Sellers: Price strategically and prepare your home well; overpricing can cost you in a more balanced market.

📌 Want neighborhood-specific data or a strategy session for your property? [Contact us today] and we’ll walk you through the numbers.