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 All-Transactions House Price Index for King County, WA (ATNHPIUS53033A) from 1975 to 2024 about King County, WA; Seattle; WA; HPI; housing; price index; indexes; price; and USA.

Graph and download economic data for S&P CoreLogic Case-Shiller WA-Seattle Home Price Index (SEXRNSA) from Jan 1990 to Dec 2024 about Seattle, WA, HPI, housing, price index, indexes, price, and USA.

The U.S. housing market has slowed, after 13 consecutive years of rising home prices. In 2021, house prices surged by an unprecedented 18 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 4.2 percent. That was lower than the long-term average of 4.4 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 2.96 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 389,000 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.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Seattle-Tacoma-Bellevue, WA (CBSA) (MEDLISPRIPERSQUFEE42660) from Jul 2016 to Feb 2025 about Seattle, square feet, WA, listing, median, price, and USA.

Seattle-Tacoma-Bellevue, WA - Home Price Index (Middle Tier) for Seattle, Washington was 363.84546 Index Jan 2000 = 100 in January of 2022, according to the United States Federal Reserve. Historically, Seattle-Tacoma-Bellevue, WA - Home Price Index (Middle Tier) for Seattle, Washington reached a record high of 363.84546 in January of 2022 and a record low of 57.05312 in January of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Seattle-Tacoma-Bellevue, WA - Home Price Index (Middle Tier) for Seattle, Washington - last updated from the United States Federal Reserve on March of 2025.

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

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in King County, WA (MEDLISPRIPERSQUFEEMM53033) from Jul 2017 to Feb 2025 about King County, WA; Seattle; square feet; WA; listing; median; price; and USA.

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: sa: Single Family: Seattle, WA data was reported at 645.000 USD th in Jul 2020. This records an increase from the previous number of 626.000 USD th for Jun 2020. United States Median Home Sale Price: sa: Single Family: Seattle, WA data is updated monthly, averaging 470.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 645.000 USD th in Jul 2020 and a record low of 306.000 USD th in Feb 2012. United States Median Home Sale Price: sa: Single Family: 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: Condo/Co-op: Seattle, WA data was reported at 405.000 USD th in Jul 2020. This records an increase from the previous number of 395.000 USD th for Jun 2020. United States Median Home Sale Price: Condo/Co-op: Seattle, WA data is updated monthly, averaging 295.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 430.000 USD th in Mar 2020 and a record low of 150.000 USD th in Feb 2012. United States Median Home Sale Price: Condo/Co-op: 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.

United States Median Home Sale Price: Multi-Family: Seattle, WA data was reported at 760.000 USD th in Jul 2020. This records an increase from the previous number of 720.000 USD th for Jun 2020. United States Median Home Sale Price: Multi-Family: Seattle, WA data is updated monthly, averaging 483.500 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 840.000 USD th in Feb 2020 and a record low of 244.000 USD th in Feb 2012. United States Median Home Sale Price: Multi-Family: 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.

Graph and download economic data for Housing Inventory: Median Listing Price in Pierce County, WA (MEDLISPRI53053) from Jul 2016 to Feb 2025 about Pierce County, WA; Seattle; WA; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Average Listing Price Month-Over-Month in Seattle-Tacoma-Bellevue, WA (CBSA) (AVELISPRIMM42660) from Jul 2017 to Feb 2025 about Seattle, WA, average, listing, price, and USA.

In the last quarter of 2024, San Francisco, 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 280 U.S. dollars per square foot and Las Vegas for single-family homes between 235 and 470 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.

Graph and download economic data for Housing Inventory: Median Listing Price in Snohomish County, WA (MEDLISPRI53061) from Jul 2016 to Feb 2025 about Snohomish County, WA; Seattle; WA; listing; median; price; and USA.

Median Home Sale Price：季节性调整后：Condo/Co-op：Seattle, WA在07-01-2020达400.000千美元，相较于06-01-2020的387.000千美元有所增长。Median Home Sale Price：季节性调整后：Condo/Co-op：Seattle, WA数据按月更新，02-01-2012至07-01-2020期间平均值为291.000千美元，共102份观测结果。该数据的历史最高值出现于02-01-2020，达416.000千美元，而历史最低值则出现于02-01-2012，为149.000千美元。CEIC提供的Median Home Sale Price：季节性调整后：Condo/Co-op：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.EB057：Median Home Sale Price：by Metropolitan Areas：季节性调整后。

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