Across 24 measured ZIP markets in Washington, the median ZIP home value is $810,550 and the median ZIP rent is $2,279. 66.7% of measured ZIP markets show softer conditions. 54.2% of measured ZIP markets show rising price-cut pressure.
Key stats
- 66.7% of measured ZIP markets show softer conditions.
- 54.2% of measured ZIP markets show rising price-cut pressure.
- The middle ZIP home value is +24.3% versus the tracked-market benchmark.
- Month over month, the median ZIP market moved +2.8% on inventory and -7.8% on buyer competition.
- The middle ZIP rent is -6.3% versus the tracked-market benchmark.
- Measured ZIP markets
- 24
- Median ZIP home value
- $810,550
- Median ZIP rent
- $2,279
- Median buyer competition
- 55
Price and rent across local markets
The middle ZIP home value is +24.3% versus the tracked-market benchmark. The middle ZIP rent is -6.3% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $712,143 to $989,807. The middle half of tracked ZIP rents runs from $2,076 to $2,408. Buyer competition across local ZIP markets runs from 48 at the 25th percentile to 63 at the 75th.
How broadly conditions are changing
66.7% of measured ZIP markets show softer conditions. 54.2% of measured ZIP markets show rising price-cut pressure. 4.2% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved +2.8% on inventory and -7.8% on buyer competition. 0.0% of measured ZIP markets show accelerating new-listing supply. 16.7% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is +35.6% versus the tracked-market benchmark.
Continue your market research
- King County County marketContinue from the regional view to a more specific local market.
Sources and method
- HomeMarketCap.com data sources: local housing-market datasets
- HomeMarketCap.com methodology: regional aggregation rules