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In this guide, we provide an overview of the Belltown neighborhood of Seattle, geared toward people who are planning to buy a home in the area.
Belltown is the most densely populated neighborhood within the city of Seattle. It’s also one of the most popular places to live in the city, well-suited for those seeking a walkable urban lifestyle.
The Belltown neighborhood has a somewhat gritty and industrial history. But over the past decade or so, it has evolved into a haven of trendy restaurants, cool boutiques, exciting nightlife, and modern residential towers.
So, what is the Belltown real estate market like, and what are the available housing options?
Read on to discover your home buyer’s guide to Seattle’s Belltown neighborhood.
Choosing a neighborhood is like choosing a lifestyle. We all have our own unique preferences when it comes to where we want to live. So, buying a home in Seattle’s Belltown neighborhood might not be suitable for all home buyers.
Even so, this neighborhood has a lot to offer. Here are some of the reasons why people like to live in this popular Seattle neighborhood:
The Belltown real estate market can be competitive, though it has gotten a bit more buyer-friendly over the past couple of years. While home prices in this neighborhood run higher than the national average, they’re relatively affordable by Seattle metro standards.
“In February 2024, Belltown’s median listing home price was $650K, trending up 2% year-over-year. The median listing home price per square foot was $718. The median home sold price was $550K.”
The company also reported that Belltown is currently considered a buyer’s market, a rarity in the Seattle metro area. That’s because the supply of homes in this neighborhood currently exceeds the demand from local buyers.
Belltown has also experienced some inventory growth over the past couple of years, increasing the chance that local home buyers can find a suitable property.
Belltown’s desirable location and ongoing development suggest solid long-term investment prospects. The neighborhood continues to attract new businesses, residents, and cultural attractions, all contributing to rising property values.
With limited land available, the supply of condo units is unlikely to increase dramatically, which could further support price appreciation over time. Additionally, Belltown’s proximity to major employers like Amazon further strengthens its appeal to future renters and buyers.
Seattle’s Belltown neighborhood offers diverse housing options to suit different lifestyles and budgets. Here is some of what you’ll find when buying a home in Belltown:
Condo prices vary widely depending on factors like size, building amenities, and proximity to the waterfront. Expect to start in the mid-six figures for a studio or one-bedroom unit and go up from there for larger floorplans or coveted views.
Also, if you’re planning to buy a property in Belltown, be sure to consider HOA or condo association dues when budgeting.
Belltown is situated on Seattle’s downtown waterfront. It was initially developed on land flattened as part of a regrading project. The neighborhood was built on the land claim of William Nathaniel Bell, after whom it’s named.
In 2007, CNNMoney named Belltown the best place to retire in the Seattle metro area, highlighting its walkability and amenities. This neighborhood has appeared on a lot of other “best places” lists as well and for a variety of reasons.
Seattle’s Belltown neighborhood offers many amenities and features for home buyers seeking a vibrant and urban lifestyle.
Buying a home in Seattle’s Belltown neighborhood might be a good choice if you’re looking for a central location with a distinct personality. Belltown offers walkability, arts and culture, great dining options, and a legendary nightclub and music scene—among other benefits. Plenty of housing options are available, including condos that could be purchased for investment purposes.
If you’re ready to buy a home, your first step is to get pre-approved for a Belltown condo, townhouse, or single-family home, depending on your circumstances and specific needs. And Sammamish Mortgage can help. Contact our team of expert mortgage specialists to start the process!
Whether you’re buying a home or ready to refinance, our professionals can help.
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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.