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.

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 All-Transactions House Price Index for Snohomish County, WA (ATNHPIUS53061A) from 1975 to 2024 about Snohomish County, WA; Seattle; WA; HPI; housing; price index; indexes; price; and USA.

Table from the American Community Survey (ACS) 5-year series on housing tenure and cost related topics for City of Seattle Council Districts, Comprehensive Plan Growth Areas and Community Reporting Areas. Table includes B25003 Tenure of Occupied Housing Units, B25070 Gross Rent as a Percentage of Household Income in the Past 12 Months, B25063 Gross Rent, B25091 Mortgage Status by Selected Monthly Owner Costs as a Percentage of Household Income in the Past 12 Months, B25087 Mortgage Stauts and Selected Monthly Owner Costs, B25064 Median Gross Rent, B25088 Median Selected Monthly Owner Costs by Mortgage Status. Data is pulled from block group tables for the most recent ACS vintage and summarized to the neighborhoods based on block group assignment.Table created for and used in the Neighborhood Profiles application.Vintages: 2023ACS Table(s): B25003, B25070, B25063, B25091, B25087, B25064, B25088Data downloaded from: Census Bureau's Explore Census Data The United States Census Bureau's American Community Survey (ACS):About the SurveyGeography & ACS<a href='https://www.census.gov/programs-surveys/acs/technical-documentation.html' style='color:rgb(0, 121, 193); text-decoration-line:none; font-family:inherit;' target='

Graph and download economic data for All-Transactions House Price Index for Pierce County, WA (ATNHPIUS53053A) from 1975 to 2024 about Pierce County, WA; Seattle; WA; HPI; housing; price index; indexes; price; and USA.

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.

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.

Displacement risk indicator showing the number of property transactions of single-family homes recorded by the King County Assessor that can be classified as "flips" (meaning that the home had previously been sold within the past year and that the sale price had increased between sales at least twice as fast as the increase in regional housing Consumer Price Index during the same time period). Summarized at the census tract level; available for every year from 2004 through the most recent year of available data.

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.

United States Median Home Sale Price: sa: Townhouse: Seattle, WA data was reported at 586.000 USD th in Jul 2020. This records an increase from the previous number of 574.000 USD th for Jun 2020. United States Median Home Sale Price: sa: Townhouse: Seattle, WA data is updated monthly, averaging 389.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 586.000 USD th in Jul 2020 and a record low of 215.000 USD th in Feb 2012. United States Median Home Sale Price: sa: 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.EB057: Median Home Sale Price: by Metropolitan Areas: Seasonally Adjusted.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Seattle-Tacoma-Bellevue WA (CBSA) (CUURA423SEHA) from Dec 1914 to Feb 2025 about Seattle, primary, rent, WA, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Zillow reigns supreme in the U.S. real estate website landscape, attracting a staggering 365.8 million monthly visits in 2024. This figure dwarfs its closest competitor, Realtor.com, which garnered less than half of Zillow's traffic. Online platforms are extremely popular, with the majority of homebuyers using a mobile device during the buying process. The rise of Zillow Founded in 2006, the Seattle-headquartered proptech Zillow has steadily grown over the years, establishing itself as the most popular U.S. real estate website. In 2023, the listing platform recorded about 214 million unique monthly users across its mobile applications and website. Despite holding an undisputed position as a market leader, Zillow's revenue has decreased since 2021. A probable cause for the decline is the plummeting of housing transactions and the negative housing sentiment. Performance and trends in the proptech market The proptech market has shown remarkable performance, with companies like Opendoor and Redfin experiencing significant stock price increase in 2023. This growth is particularly notable in the residential brokerage segment. Meanwhile, major players in proptech fundraising, such as Fifth Wall and Hidden Hill Capital, have raised billions in direct investment, further fueling the sector's development. As technology continues to reshape the real estate industry, online platforms like Zillow are likely to play an increasingly crucial role in how people search for and purchase homes. (1477916, 1251604)

This data layer includes key performance metrics collected by the City and partners tracking the progress towards the goals of the Internet for All Seattle Initiative. Internet for All Seattle Dashboards. The data points reflect activities in five categories: 1) Affordable Connectivity Program, 2) Internet Connectivity, 3) Devices, 4) Digital Skills & Technical Support, and 5) Outreach & Assistance. The majority of the Internet for All Seattle Action Plan items and data fall under these five areas. Source data for Internet for All maps and dashboards.Updated quarterly. Last update: March 4, 2024. ATTRIBUTE NAME DEFINITION ADDITIONAL INFORMATION

Resource Organization or program providing metrics for this dashboard. Access for All Program - City of Seattle program to connect eligible organizations and locations in Seattle with free high speed internet service in partnership with Comcast, Astound Broadband, and Lumen. City of Seattle Facilities - City owned buildings, including Community Centers, City Hall, Seattle Center and others. Internet Essentials Program - Low-cost internet program provided by Comcast offering $9.95/month + tax for eligible households. Internet First Program - Low-cost internet program provided by Astound offering $50 Mbps Internet* to qualifying low-income households. Other Partners - Other organizations partnering with the City of Seattle. Seattle Housing Authority - An independent public corporation in the city of Seattle responsible for public housing for low-income, elderly, and disabled residents. Seattle IT Digital Equity - City of Seattle, Seattle Information Technology Department Digital Equity Program. Seattle IT Digital Navigator - Seattle IT grant program providing funding to community-based organizations to provide digital navigation services. Seattle IT Technology Matching Fund - City of Seattle grant program providing funding to community-based organizations to increase internet access and adoption. Seattle Public Library - The public library system serving the city of Seattle Seattle Public Schools - The public school district serving the city of Seattle. Simply Internet Program - Low-cost internet program provided by Astound offering for $9.95/month + tax for eligible households.

Location_Name Additional info about physical location.

Organization Nonprofit or community group funded by the City.

Project_Title Title of a project funded by the City.

Budget Budget value associated with a resource.

Date Date metrics were reported.

Award_Year Year a grant was awarded to a grantee.

Street_Address Address of physical location.

City City of physical location.

State State of physical location.

ZIP ZIP of physical location.

Council_District Council District resource is located in.

Longitude Longitude of physical location.

Latitude Latitude of physical location.

ISP An organization that provides services for accessing, using, or participating in the Internet.

Citywide_Y_N Is resource provided throughout City.

Devices_Distributed The number of devices that were provided to residents.

Devices_Distributed_Y_N Is there a value in Devices_Distributed field (used to create dashboards).

Devices_Loaned The number of devices that were loaned to residents for temporary use.

Devices_Loaned_Y_N Is there a value in Devices_Loaned field (used to create dashboards).

DSTS_TotalServed The number of residents served by digital skills training and technical support programs. DSTS refers to Digital Skills and Training Support

DSTS_TotalServed_Y_N Is there a value in DSTS_TotalServed field (used to create dashboards).

DSTS_Hours The number of hours of digital skills training and technical support provided.

DSTS_Hours_Y_N Is there a value in DSTS_Hours field (used to create dashboards).

IC_Hotspots_Sponsored Number of residents provided with hotspots or sponsored internet service. IC refers to Internet Connectivity

IC_Hotspots_Sponsored_Y_N Is there a value in IC_Hotspots_Sponsored field (used to create dashboards).

IC_PubWiFiConnections Number of Wi-Fi connections provided at public Wi-Fi sites.

IC_PubWiFiConnections_Y_N Is there a value in IC_PubWiFiConnections field (used to create dashboards).

IC_PubWiFiSites Number of sites providing public Wi-Fi.

IC_PubWiFiSites_Y_N Is there a value in IC_PubWiFiSites field (used to create dashboards).

IC_LowCostServices The number of residents enrolled in Low-cost internet programs offered by Comcast and Astound.

IC_LowCostServices_Y_N Is there a value in IC_LowCostServices field (used to create dashboards).

IC_Organizations Sites providing internet connectivity through their organization. Federal Subsidy Program Emergency Broadband Program (EBB) was a federal program to help low-income households afford broadband services and internet-connected devices during the pandemic. The program officially ended in early 2022 and was replaced by the Affordable Connectivity Program. The Affordable Connectivity Program (ACP) is a federal program to help low-income households afford broadband services and internet-connected devices during the pandemic. The Program provides a discount of up to $30 per month for broadband services for eligible consumers.

IC_Organizations_Y_N Is there a value in IC_Organizations field (used to create dashboards).

IC_FedSubsEBBACP Number of total households that participated in the EBB or ACP programs.

IC_FedSubsEBBACP_Y_N Is there a value in IC_FedSubsEBBACP field (used to create dashboards).

OA_InternetServReqs The number of requests from the public for information about internet service. These requests come to the City and are fulfilled by Seattle IT Digital Equity staff. OA refers to Outreach and Assistance

OA_InternetServReqs_Y_N Is there a value in OA_InternetServReqs field (used to create dashboards).

OA_LowInternetInfo The number of requests from the public for information about low-income internet service. These requests come to the City and are fulfilled by Seattle IT Digital Equity staff.

OA_LowInternetInfo_Y_N Is there a value in OA_LowInternetInfo field (used to create dashboards).

OA_LowInternetevent Number of residents provided with information about free or low-cost internet at outreach events. This outreach is conducted by Seattle IT Digital Equity staff.

OA_LowInternetevent_Y_N Is there a value in OA_LowInternetevent field (used to create dashboards)

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.