Seattle’s housing market has reached its most expensive point in half a decade, with prices climbing sharply compared to last year.
According to data from Redfin, the median sale price for a home in Seattle reached $935,000 in June 2025, marking a 10% jump from June 2024. That figure is also up from May’s median of $895,000.
Trends over the past four years show a seasonal pattern, prices often dip in January and rebound through the summer months. The lowest point in recent years came in January 2022, Redfin’s data shows.
The city’s appeal continues to draw interest from both in- and out-of-state buyers. Between May and July 2025, thousands of people from Spokane, San Francisco, and Houston searched for homes in Seattle, while many current residents looked into relocating to Bellingham, Portland, and Phoenix.
Nationally, 8.5% of homes were valued at $1 million or more in 2024, but in Seattle, that share was far higher at 34.4%.
John Manning, managing broker for REMAX Gateway, noted that while more homes are available now than in 2015, competition is still fierce. He explained that “for multiple years, there have not been enough homes to satisfy buyer demand,” and added that an influx of workers in the city has further fueled price increases.
Manning advised potential buyers to act sooner rather than later, as he does not expect any major price drops in the near future.
