To get straight to the point, the median home price in Seattle for 2026 is expected to be around $856,000 to $865,000. This is clear. Multiple market reports, including those covering the King County metropolitan area, consistently indicate this range, showing a slight decline or stability compared to the previous year. While this is a breath of fresh air compared to the boom years, Seattle remains one of the most expensive housing markets in the U.S.

Let's look at the specific figures. According to data from Redfin and Zillow for May-June 2026, the median sale price of homes in Seattle is $865,000, which is about a 0.02% decrease from the same period last year. The median price reported by Houzeo as of April 2026 is $825,000, down 6.4% from $881,500 the previous year. When looking specifically at single-family homes, the median price reaches $1,107,500, while condos are at about $540,000, showing a clear gap between the types.

The inventory situation is completely different from before. In April 2026, there were 8,630 active listings in Seattle, which is a staggering 88% above normal levels. The total active inventory in Washington state has increased by 28.4% compared to the previous year, and as of May, the supply duration in Seattle has extended to 2.9 months. seattlered.com referred to this as a "historic inventory shock." In the condo market, the supply duration has reached 4.4 months, nearing a buyer's market.

• Median sale price (as of June 2026): approximately $856,000 - $865,000
• Median price for single-family homes: approximately $1,107,500
• Median price for condos: approximately $540,000
• Price change compared to the previous year: -0.02% (stable)
• Active inventory growth rate: +28.4% compared to the previous year (Washington state)
• Supply duration: 2.9 months (2.1 months for single-family homes / 4.4 months for condos)
• 30-year fixed mortgage rate: approximately 6.8% (as of June 2026)

Market trends indicate that conditions are becoming increasingly favorable for buyers. With rising inventory and intensified competition among sellers, as reported by Axios Seattle, buyers are beginning to enjoy "more options and negotiation room." However, single-family homes in popular areas like Ballard, North Seattle, and Queen Anne are still experiencing multiple offer competition, so strategies should vary by location and type. Buyers can actively negotiate prices in the condo market, while quick decisions are still necessary in the single-family home market.

The 2026 Seattle real estate market can be summarized as "adjusting but not collapsing." While the median price has decreased from the all-time high in 2022, the long-term foundation of Seattle's tech industry and population influx serves as structural support for the market. Above all, this is a time for precise analysis rather than panic. (Sources: Zillow, Redfin, Houzeo, Norada Real Estate, The Madrona Group, seattlered.com, Axios Seattle, as of 2026 / This article does not constitute investment or legal advice, and it is recommended to consult a professional before making any actual contracts.)