The Seattle and Eastside housing markets are showing major shifts this week, with inventory rising sharply and sales activity beginning to rebalance. For both buyers and sellers, the data highlights important opportunities as we head into fall.

Seattle Market Snapshot

Seattle’s median sales price climbed to $882,500, up 6.8% month-over-month — signaling strong buyer demand in the city. Inventory has also increased, with 2,647 homes for sale (+27.4%), giving buyers more options while still supporting competitive pricing. Months of supply rose to 3.6 months (+16.1%), indicating a market leaning toward balance. Homes are moving in just 15 days (+15.4%), reflecting continued buyer urgency.

Bellevue Market Snapshot

Bellevue remains one of the most competitive Eastside markets despite a slight dip in pricing. The median sales price sits at $1,524,500, down 3.1% this month. However, the number of homes for sale surged to 432 (+56%), with months of supply jumping 54.2% to 3.7 months. Homes are still selling quickly — 13 days on market (+44.4%) — suggesting Bellevue continues to draw strong luxury buyer interest even as more listings become available.

Eastside Highlights: Kirkland, Redmond & Beyond

• Kirkland: Prices eased slightly to $1,375,000 (-1.2%), but inventory grew 72.7%, with 4 months of supply (+73.9%). Homes are selling in 16 days, though up significantly from last month.

• Redmond: Median prices dipped to $1,237,450 (-3.5%), with homes selling in just 12 days. Inventory is up 57.1%, creating fresh opportunities for buyers.

• Issaquah: Prices rose modestly (+2.1%) to $995,000, while inventory increased by 34.4%. Homes are averaging 21 days on market.

• Sammamish: A notable price correction occurred, with median sales dropping 7.5% to $1.6M. Still, inventory climbed 50.9%, and supply is up 64.7%. Days on market lengthened to 28 days, giving buyers more negotiation leverage.

• Woodinville: The biggest monthly shift, with median prices down 22.3% ($1,199,995). However, inventory (+54%) and supply (4.6 months) increased, while homes are still moving in a swift 15 days.

Key Takeaways

• Buyers: With inventory up across Seattle and the Eastside, buyers now have more negotiating power and choice, particularly in markets like Sammamish and Woodinville where prices corrected the most.

• Sellers: Well-priced homes are still selling quickly, especially in Seattle and Bellevue, where demand remains strong. Presenting your home properly can still attract multiple offers in the current market.

• Overall Trend: The region is moving toward a more balanced market. While luxury buyers gain more leverage, sellers who position strategically will continue to see success.

Whether you’re looking to purchase your next luxury home or sell in this evolving market, our team at the Jacob Weaver Group can guide you through the data and help you make confident decisions.