Market Trends Around the Sound: Q3 2025 Insights

Realogics Sotheby’s International Realty’s Market Trends From Around the Sound report reveals a market that continues to evolve across the Puget Sound region. Through a detailed year-over-year comparison, the Q3 2025 data shows that while more homes are hitting the market, most areas remain in seller’s market territory.

Overall Market Snapshot

Most communities saw a noticeable increase in homes listed for sale — a clear sign that sellers are returning to the market. Still, buyers are taking more time to make decisions, leading to longer days on market compared to last year. While activity slowed slightly, prices across the region have largely held steady, underscoring the continued strength and desirability of the Puget Sound area.

Eastside

Dynamic communities like Bellevue, Kirkland, and Woodinville reflected one of the most significant shifts this quarter. Inventory surged 63.5% year over year, and homes stayed on the market an average of 31 days, up from 18 in Q3 2024. Despite fewer sales (down 8%), prices remained stable — with the median price at $1.5M, only a 1.32% dip from last year. The Eastside remains a competitive seller’s market, but pricing and presentation matter more than ever.

Mercer Island

With its distinct luxury market and exceptional waterfront properties, Mercer Island continues to post the highest median price in the region at $2.41M, a 1.39% increase from 2024. Inventory increased 24%, and homes averaged 33 days on the market versus just 14 last year. Although pace slowed, demand for Mercer Island’s lifestyle and location remains strong.

King County

King County as a whole saw a 26% increase in available homes and a slight dip in buyer urgency, with sales down just 2.16%. The median price of $988,000 marks a minimal 1.13% rise from last year, showing that pricing stability continues even amid more options for buyers.

Bainbridge Island

Buyers on Bainbridge Island appeared increasingly active this quarter, with sales up 4.6%. Prices eased to a median of $1.33M, about 10% lower than last year, creating new opportunities in a market that remains in strong seller’s territory.

The Takeaway

Across Puget Sound, more listings and longer days on market are signaling a gradual balancing of conditions — but demand continues to outweigh supply in most areas. Understanding the nuances of each neighborhood remains key.