Seattle Ranks Among Top U.S. Cities. What That Means Locally

Seattle is grabbing national attention: according to the latest REMAX Homes report, the Greater Seattle area now ranks third in the U.S. for median home sale prices. The median price recently clocked in at $766,725, up about 2.2% year over year. 

Here’s a closer look at what’s happening and what this means for homeowners, buyers, and neighborhoods across Bellevue, Lake Union, King County, and beyond.

🔍 Key Trends

1. Prices are steady but rising

   • Seattle’s median price: ~$766,725 for June 2025, up 2.2% YoY. 

   • In King County as a whole, the median sale price is even higher, around $1,034,000 in June 2025, nearly $79,000 more than the same time last year. 

2. Inventory is surging

   • Seattle saw a 49.1% jump in active inventory vs. June 2024. There are now over 10,700 homes on the market.

   • This is the largest availability in Seattle since 2015. That means buyers have more options than in recent years. 

3. Homes are spending more time on market

   • As inventory grows, so does the average number of days homes are listed before selling. In Seattle, average days on market has increased, 24 days on market as of June 2025, up from about 18 days the previous year. 

4. Strong mixed-use development in Bellevue

   • Bellevue continues leaning into mixed-use projects. For example, Avenue Bellevue has been completed (residential + retail + hotel), delivering new housing and shopping amenities. 

   • Also, the Spring District (in Bel-Red, Bellevue) is a large mixed-use transit-oriented area under construction, combining residential, commercial, and office uses.
     
     

💡 What This Means Locally

• For sellers: The price growth is modest but real, and homes are still getting strong valuations, especially in desirable neighborhoods. Listings that stand out with good presentation are likely to do well.

• For buyers: More inventory and rising number of options help. Even though prices remain high, more choices can ease some pressure. Buyers who move carefully and diligently may find better deals, especially if sellers are motivated.

• For neighborhoods & development: Bellevue’s mixed-use projects and inventory growth suggest that city planning decisions are keeping pace with demand. Civic infrastructure, zoning, and new development are expanding to support more housing diversity and availability.

Sources

REMAX, KOMO News, GlobeSt, Wikipedia.