The Puget Sound housing market continues to show dramatic shifts as we enter September. Seattle, Bellevue, and Eastside communities such as Kirkland, Redmond, and Sammamish are each responding differently to rising inventory and fluctuating buyer demand. For both buyers and sellers, these conditions create unique opportunities worth watching closely.

Seattle Market Snapshot

Seattle’s median sales price climbed to $885,000, a 7.1% increase month-over-month. Inventory surged, with 2,640 homes for sale — up 27% from last month. Buyers now have more options, yet prices are holding firm, signaling strong urban demand. The market shows 3.6 months of supply, and homes are averaging just 16 days on market, underscoring Seattle’s resilience.

Bellevue & Luxury Eastside Trends

Bellevue, long known as a hub for luxury buyers and tech executives, posted a median sales price of $1,524,000, reflecting a 3.2% dip. However, active listings skyrocketed by 52.3%, bringing 422 homes to market. With 3.6 months of supply (up 50%), buyers in Bellevue are gaining leverage to negotiate, especially in the luxury segment. Median days on market rose to 13 days, still well below regional averages.

Kirkland, Redmond & Sammamish Insights

Kirkland and Redmond are seeing some of the most dramatic changes:

• Kirkland’s median price fell 6.6% to $1.3M, while inventory grew by 73%. Days on market surged to 17 days, suggesting buyers are weighing their options more carefully.

• Redmond’s median price dipped 4.5% to $1.22M, but inventory expanded by 56%. Median days on market doubled to 12 days, showing cooling momentum.

• Sammamish saw the steepest monthly price decline, down 7.5% to $1.6M, while days on market jumped to 28 days, a 366% increase. This creates space for buyers in an area known for competitive bidding wars just months ago.

Woodinville & Issaquah Activity

Woodinville stands out with a sharp 22.3% price decline to $1.19M, while inventory grew 51.6%. With 4.5 months of supply, this market is leaning more balanced, offering rare breathing room for buyers. Meanwhile, Issaquah bucked the trend with a 6.2% price increase, reaching $1.03M, alongside a healthy 33.6% rise in inventory.

Buyer & Seller Takeaways

• Buyers: Expanding inventory and longer days on market present negotiation power not seen in years, particularly in Bellevue, Kirkland, and Sammamish. Luxury buyers should act now while options are abundant.

• Sellers: Pricing strategy and presentation are critical. Homes are still selling quickly in Seattle and Bellevue, but competitive pricing is essential to capture motivated buyers before further market adjustments.

The Eastside remains one of the most desirable regions in the Pacific Northwest. Whether you are considering selling or looking to purchase your next home, working with a market-savvy advisor ensures you’re positioned to make the most of these shifts.