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The housing prices in Seattle have been stagnant over the past year, though they’re expected to inch up over the course of 2026, albeit very modestly. Having said that, buyers should still make a move soon.
Recent housing market trends and forecasts for Seattle, Washington suggest that housing prices would rise throughout 2026.
Related: Forecast: Washington Housing Market to See Slow Gains 2026
Home value estimates also show typical Seattle home values trending slightly lower year-over-year, suggesting modest weakening in value last year. Over the past 12 months, home prices in Seattle have decreased 2.1% and now sit at $832,857.
Inventory increased significantly in parts of the market, giving buyers more choices and putting downward pressure on prices for some property types. Affordability challenges and rising inventory slowed price acceleration compared with previous years of strong gains. Sellers increasingly offered concessions and pricing flexibility, another sign of cooling conditions.
Most housing analysts expect Seattle home prices to rise modestly in 2026. More specifically, forecasts project Seattle’s median home prices rising in the low single digits — roughly 2.8% to 4.0% in 2026. This pace reflects a more balanced market.
What’s behind this moderate growth?
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The supply situation in Seattle has been rather tight over the past few years along with the high level of demand in the area, which is what has largely contributed to the rapid price gains in the area.
Right now, there is just a 2.2-month supply of inventory available in Seattle, and just a 2.8-month supply in all of King County. That is extremely limited inventory and is driving home prices up as demand far outweighs supply.
Homes in Seattle are taking more time to sell. As of January 2026, the median number of days on the market for homes in Seattle was 42, according to Redfin, down 3 days from the same time last year. The housing market in Seattle is hot, especially as the tech sector continues to increasingly bolster the market and increase demand.
Listings are expected to continue rising slowly, giving buyers more choices than the tight markets of past years, but supply will likely remain below long-term “normal” levels.
Based on the above-mentioned trends, now may seem like a great time to buy in Seattle before prices really start to take off. And mortgage rates are expected to decline despite being rather high right now, making a mortgage much more affordable down the line.
Related: Seattle Home Buyer Guide
Disclaimer: This story contains real estate trends and housing predictions for Seattle, Washington, extending into 2026. These statements and projections were made by third parties not associated with our company. We have compiled them here as a service to our blog readers.
Will you be buying a home and applying for a mortgage in Seattle? We can help. Sammamish Mortgage has been serving buyers across the Pacific Northwest since 1992. We offer a wide variety of mortgage programs and products with flexible qualification criteria in WA, OR, CO, ID, and CA. Please contact us today with any financing-related questions you have or to get pre-approved for a mortgage.
Whether you’re buying a home or ready to refinance, our professionals can help.
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