The S&P Case Shiller Seattle Home Price Index has increased steadily in recent years. The index measures changes in the prices of existing single-family homes. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given month, for example, it means that the house prices have increased by 30 percent since 2000. The value of the S&P Case Shiller Seattle Home Price Index amounted to 395.17 in August 2024. That was significantly higher than the national average.

Graph and download economic data for Home Price Index (High Tier) for Seattle, Washington (SEXRHTNSA) from Jan 1990 to Mar 2025 about high tier, Seattle, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price in Seattle-Tacoma-Bellevue, WA (CBSA) (MEDLISPRI42660) from Jul 2016 to May 2025 about Seattle, WA, listing, median, price, and USA.

The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

Displacement risk indicator classifying census tracts according to single-family home sale prices in census tracts where at least 100 single-family homes exist. We classify arms-length transactions only along two dimensions:The median price of sales within the census tract for the specified year, balancing between nominal sale price and sale price per square foot.The change in median sale price (again balanced between nominal sale price and price per square foot) from the previous year.

United States Median Home Sale Price: sa: All Residential: Seattle, WA data was reported at 609.000 USD th in Jul 2020. This records an increase from the previous number of 593.000 USD th for Jun 2020. United States Median Home Sale Price: sa: All Residential: Seattle, WA data is updated monthly, averaging 429.500 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 609.000 USD th in Jul 2020 and a record low of 276.000 USD th in Feb 2012. United States Median Home Sale Price: sa: All Residential: Seattle, WA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB057: Median Home Sale Price: by Metropolitan Areas: Seasonally Adjusted.

United States Median Home Sale Price: Townhouse: Seattle, WA data was reported at 579.000 USD th in Jul 2020. This records a decrease from the previous number of 582.000 USD th for Jun 2020. United States Median Home Sale Price: Townhouse: Seattle, WA data is updated monthly, averaging 397.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 595.000 USD th in May 2018 and a record low of 215.000 USD th in Feb 2012. United States Median Home Sale Price: Townhouse: Seattle, WA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

In November 2024, a single-family house in Oak Bay cost 1.9 million Canadian dollars. Oak Bay was the most expensive suburb in Victoria, British Columbia, followed by Highlands and North Saanich. Victoria: an overview Victoria is the capital city of the province of British Columbia. The city is located south of Vancouver, and across the U.S. border from Seattle. In 2020, the average home price in Victoria was 961,000 Canadian dollars, which placed the city as the sixth most expensive Canadian city for residential real estate. Home affordability in Canada Housing affordability is, undoubtedly, one of the biggest barriers to homeownership in Canada. In 2023, the ratio of homeownership costs to income was 62.5 percent. Nevertheless, more expensive locations in the country had a higher ratio, with Vancouver exceeding 100 percent, suggesting that on average, mortgage payments exceeded the monthly income. Amid lower affordability and worsening homebuyer sentiment, house prices in some of Canada's markets are forecast to decline slightly in 2024.

Graph and download economic data for Housing Inventory: Average Listing Price in Pierce County, WA (AVELISPRI53053) from Jul 2016 to May 2025 about Pierce County, WA; Seattle; WA; average; listing; price; and USA.

Median Home Sale Price：单户型：Seattle, WA在07-01-2020达670.000千美元，相较于06-01-2020的650.000千美元有所增长。Median Home Sale Price：单户型：Seattle, WA数据按月更新，02-01-2012至07-01-2020期间平均值为475.000千美元，共102份观测结果。该数据的历史最高值出现于07-01-2020，达670.000千美元，而历史最低值则出现于02-01-2012，为290.000千美元。CEIC提供的Median Home Sale Price：单户型：Seattle, WA数据处于定期更新的状态，数据来源于Redfin，数据归类于全球数据库的美国 – Table US.EB056：Median Home Sale Price：by Metropolitan Areas。

About this dataset

Context

The dataset illustrates the median household income in Seattle, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Seattle increased by $32,064 (39.17%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 10 years and declined for 1 years.

https://i.neilsberg.com/ch/seattle-wa-median-household-income-trend.jpeg" alt="Seattle, WA median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Seattle median household income. You can refer the same here

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 190 U.S. dollars per square foot and Las Vegas for single-family homes between 240 and 480 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.