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Are you planning to buy a home in 2026? Have you narrowed your search down to Kirkland, Washington? If so, you’ll want to get familiar with the local housing market to help ensure that you make a sound purchasing decision, and this article will fill you in on what the market is like in Kirkland in 2026.
In many ways, the real estate market in Kirkland mirrors Seattle, its neighbor to the west. Both areas have a major shortage of housing supply, relative to demand. This makes things very competitive for home buyers who are seeking a property to buy.
Additionally, price trends in both areas have been similar over the last 12 months. The median home value in both cities dipped slightly over the past year. More specifically, home prices decreased 2.1% and 3.3% in Seattle and Kirkland, respectively, according to real estate reports.
The third thing these markets have in common is quick sales. Whether you plan to buy a home in Kirkland or Seattle, be prepared to make a strong offer in a timely fashion. Properties listed for sale tend to generate offers in a matter of days.
According to the real estate information company Zillow, the median home value for Kirkland, Washington is around $1,220,447, as of March 2026. Prices in Kirkland have dipped over the past 12 months, though they are expected to rise over the course of 2026, albeit at a very moderate pace
This is a trend being seen in many U.S. cities right now.
So that’s an important thing you should know about buying a home in Kirkland. Buyers today are encountering high house values as a result of steady appreciation over the last few years. And while no one can predict future housing trends with complete accuracy, the consensus outlook is that home prices across the Seattle metro area will be trending north.
There are plenty of folks in the market to buy a home in Kirkland, but not enough inventory to go around. This has been the big real estate headline for the last couple of years, in housing markets across the Seattle area. In fact, Seattle and Kirkland are two of the tightest real estate markets in the country right now when it comes to supply.
As of March 2026, Kirkland has just barely over a one-month supply of homes for sale. That’s well below what is considered to be a balanced market, and it indicates a strong seller’s market. It also accounts for the quick sales mentioned earlier.
Given this, conditions are pretty tight within the local real estate market. So buyers will want to give themselves plenty of lead time when shopping for a home in the area. It also helps to be flexible and open-minded, in terms of the property features you want.
Right now, mortgage rates are somewhere around 6.09%. While higher than their low a few years ago, they are dropping. Lower mortgage rates make home loans much more affordable, and locking a low rate today can afford buyers with plenty of savings.
Let’s illustrate how much less you might be paying. Given today’s average home price in Kirkland of $1,220,447 and a 20% down payment, here’s how your mortgage payments compare for today’s rate and the rate you would have paid just a few years ago:
As you can see, while there are other factors that impact the cost of a mortgage, the rate you pay certainly plays a key role.
Pro Tip: We calculated these figures quickly using our online mortgage calculator.
According to the Mortgage Bankers Association (MBA), mortgage rates are expected to average around 6% or even lower by the end of 2026. And while that may be slightly high, rates have been on the decline for the past year and are expected to continue this trend throughout 2026. That’s great news for buyers looking to buy in Kirkland in 2026, as it can make home buying more attainable.
Related: Buying in Lynnwood, Washington
If you’re in need of a home loan to finance a home purchase in Kirkland, WA, then we’d love to help. Sammamish Mortgage is a local, family-owned company based in Bellevue, WA. We offer a variety of mortgage programs for borrowers in Washington, Oregon, Idaho, California, and Colorado. Please contact us if you need a mortgage loan to buy a home in Kirkland or to get pre-approved, or visit our website to get an instant rate quote.
Whether you’re buying a home or ready to refinance, our professionals can help.
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