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Over the past 12 months, Seattle, Tacoma, Bellevue, and Everett real estate markets have been relatively cool. But what are they expected to be like in 2026?
Seattle has traditionally been seeing double-digit gains over recent years leading up to extremely high real estate prices compared to other markets in Washington state and other parts of the country. But the past year has been a bit slower, which experts believe will continue into 2026.
A new round of real estate market forecasts points to an ongoing cooling trend for Seattle, Bellevue, Everett, and Tacoma in 2026, according to the housing research team at Zillow. The same is true for the overall market across Washington State.
Over the past 12 months, home prices have increased in some centers, but dipped in many others. What does this mean for buyers? Could it be a great time to buy before more gains are seen in 2026? Buying before prices increase even further can help buyers save quite a bit.
Related: Tacoma Gets Highest Home-Price Outlook Among Seattle-Area Cities
Below, you’ll find the current median home value for each city as of early 2026, along with price changes that occurred over the last year. Home price trends for the nation as a whole are shown for comparison purposes (as per Zillow).
| Bellevue | $1,445,834 | -1.1% change |
| Everett | $640,008 | -0.4% change |
| Seattle | $832,857 | -2.1% change |
| Tacoma | $478,988 | -1.1% change |
| U.S. average | $357,275 | +0.1% change |
As you can see, the real estate market in the nation as a whole is relatively stagnant. However, experts anticipate some price gains, though very small throughout 2026.
Related: Buying in Washington vs. Oregon
Lack of inventory is one reason why Tacoma and Everett housing markets are forecast to keep up with or even outpace the nation in 2026. Strong demand from buyers, coupled with limited supply are currently an issue and will continue to be going into 2026.
They can have upward pressure on home values across certain centers in the region.
According to recent data, King County, Washington currently has a 3-month supply of single-family homes and condos for sale. Industry analysts say that four to six months of supply is indicative of a balanced or “normal” real estate market. By this measurement, the housing markets in Bellevue, Everett, Seattle, and Tacoma still favor sellers over buyers. And those conditions will likely persist as we move into 2026.
Pro Tip: Use our mortgage calculator to estimate loan costs.
Disclaimer: This article includes housing market and home-price forecasts for the cities of Bellevue, Everett, Seattle, and Tacoma, Washington. These projections were provided by third parties not associated with our company. We have presented them here as an educational service to our blog readers.
Sammamish Mortgage is a local, family-owned company based in Bellevue, WA. We serve borrowers in Washington, Idaho, Colorado, Oregon, and California. We have been offering a wide variety of mortgage programs and products with flexible qualification criteria since 1992. Please contact us if you have mortgage-related questions, to get pre-approved, or to get an instant rate quote.
Whether you’re buying a home or ready to refinance, our professionals can help.
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