Average Home Price in Kirkland, WA for 2022

Published:
May 21, 2021
Last updated:
June 24, 2022
Post cover image
In This Article

Is buying a home on your mind lately? If so, have you considered where you’d like to make a home purchase? 

Washington State offers plenty of amazing spots to buy home and plant some roots, and Kirkland is one of them. But before you invest in a home in this city, there are a handful of important considerations to make, including determining the average home price in Kirkland, WA.

Get Familiar With How Much Homes Sell For in Kirkland

Understanding what homes are selling for in Kirkland is a crucial step early on in the house-hunting process. Before you even step foot inside a home that’s listed for sale, you should have a clear idea of how much homes are selling for, and how much you can afford to spend.

Further, getting familiar with the temperature of the market is also an important step to take, as it will tell you how competitive the market is and how strong your offer will have to be when you’re finally ready to pull the trigger.

Keep in mind that home prices never remain stagnant. They’re always changing. Even if home prices are following a certain trend right now doesn’t mean that trend will continue forever. Things can change on a dime, which is why it’s helpful to keep your finger on the pulse of what home prices are doing.

Kirkland is a Pricey Housing Market

One thing is certain when it comes to Kirkland: home prices in this city are quite expensive, especially when compared to the state-wide average. They’re also a bit higher than the overall average price in King County. But the higher prices that come with Kirkland are understandable given the desirability of the city.

Let’s take a closer look at Kirkland, and more specifically, let’s determine the average home price in Kirkland, WA to help you understand what you may have to pay to buy a home here.

Live Kirkland Mortgage Rates

Why Buy in Kirkland?

There are plenty of reasons why people flock to Kirkland and why current homeowners love living in this city. This Pacific Northwest area has it all, which is a big reason why you’ll see higher home prices here compared to other places across the state.

For starters, Kirkland is home to many tech giants that help boost the economy. Companies like Google, Microsoft, and IBM all call Kirkland home. There are also plenty of STEM job opportunities available to residents and others who wish to commute to Kirkland to work in this industry.

Another great reason why Kirkland is such a desirable place to live is its natural beauty. The city is located along the shores of Lake Washington, which boasts gorgeous scenery and glistening beaches. 

There’s also an extensive park system in Kirkland for those who appreciate spending time in the great outdoors. Residents have plenty of options to swim, picnic, play volleyball, or just relax and enjoy the view.

Kirkland also boasts great schools, family-friendly neighborhoods, fabulous wineries, and excellent shopping and restaurants to enjoy. Kirkland truly is the best of all worlds, giving residents a prime place to live, work, and play.

Housing Market in Kirkland WA is Very Hot Right Now

The real estate market in Kirkland is very hot right now, much like other parts of Washington State. Homes are selling quickly and for top dollar.

According to RedFin, most homes receive multiple offers, and offers often have their contingencies waived. In fact, the average home sells for about 7% over the listing price. Approximately two-thirds of homes have sold over asking over the past year.

The average home goes pending in as little as 5 days, and hot properties go pending in around 3 days and can sell for 14% over listing price.

Demand for housing is very high in Kirkland, and supply cannot keep up. As such, home prices are being driven up as a result. As of June 2022, the average home price in Kirkland, WA is $1,274,085, which is 31.3% higher than the same time last year. Compare that to Washington’s state-wide average of $625,264, and King County’s average of $929.895.

If you choose to buy a home in Kirkland, you’ll want to partner up with a seasoned mortgage expert and real estate team to boost your odds of a successful deal.

Get an Instant Mortgage Rate Quote Today

Need a Home Loan in Kirkland?

Do you have questions about mortgages in Kirkland? If so, Sammamish Mortgage can help. We are a local mortgage company from Bellevue, Washington, serving the entire state, as well as Oregon, Idaho, and Colorado. We offer many mortgage programs to buyers all over the Pacific Northwest and have been doing so since 1992. Contact us today with any questions you have about mortgages.

Other Blogs You May Like
Denver Real Estate Forecast for 2023: Price Growth Ahead?
December 7, 2022
4 min read
Denver Real Estate Forecast for 2023: Price Growth Ahead?
The real estate market in Denver has seen healthy gains in recent years, and this past year was no...
Forecast: Tacoma, WA Home Prices to Continue Rising In 2023
November 4, 2022
3 min read
Forecast: Tacoma, WA Home Prices to Continue Rising In 2023
The Tacoma real estate market has been hot over the recent past and is expected to continue this...
Show 19 more posts
from this category

Connect with America’s Lending Experts today!

Whether you’re buying a home or ready to refinance, our professionals can help.

Compare Mortgage Rates in Your Area Instantly

No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.