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The Seattle housing market has cooled over the past year, though the market continues to be somewhat competitive. Home values have dipped year-over-year, though are expected to rise in 2026. The question is, is now a good time to enter the home market in Seattle?
What is the local real estate market like right now in Seattle, Washington? And what does the future hold?
These are some of the most frequently asked questions among future home buyers in Seattle. The answer to these questions and others like them will dictate whether or not now is a good time to buy a home in this popular WA city.
When deciding if now is a good time to buy a house, you must consider both personal and market-related factors.
If you answered yes to these questions, then now might be a good time for you to buy a house in Seattle.
It’s also important to understand the local real estate market as it relates to buying a home. So, let’s talk about current housing market conditions in Seattle, Washington.
Is now a good time to buy a house in Seattle? In recent years, the Seattle market has typically been a seller’s market. Home buyers who plan to enter the market in 2026 should be prepared for a lot of competition, depending on what home they wish to purchase.
The inventory situation is tight as we approach the new year. Demand is quite high in the area, especially as inventory continues to be very low. There simply aren’t enough homes to meet the demand of buyers.
Pro Tip: Use our online mortgage calculator to estimate your loan costs.
For obvious reasons, it’s easier to talk about current real estate conditions than future ones. No one can predict the future of home prices or mortgage rates with complete accuracy.
With that being said, there is a strong likelihood that homes in Seattle will increase over the next 12-month period if the current trend continues. According to Zillow, home prices in Seattle dipped 2.1% over the past year, though they are expected to increase throughout 2026 at a modest pace.
As of this writing, the average price for a home in Seattle is $832,857.
Mortgage rates have been on a steady decline over the past year, making homebuying more affordable for many would-be buyers. The rate for a 30-year fixed-rate mortgage is currently 6.15%, according to Freddie Mac.
Experts anticipate that rates will continue dipping throughout the year, ending 2026 at 6% or even lower.
Don’t hesitate to reach out to Sammamish Mortgage. We’d be happy to answer any questions you may have regarding the Seattle home market. We can help you understand the mortgage loan process and even help you get pre-approved. Sammamish Mortgage has been helping mortgage seekers since 1992. We proudly serve the entire Pacific NW region, including WA, OR, ID, CO, and CA, and offer many mortgage programs to choose from. Contact us today for more info, 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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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.
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