Across 24 measured ZIP markets in King County, the median ZIP home value is $790,152 and the median ZIP rent is $2,290. 25.0% of measured ZIP markets show softer conditions. 20.8% of measured ZIP markets show rising price-cut pressure.
Key stats
- 25.0% of measured ZIP markets show softer conditions.
- 20.8% of measured ZIP markets show rising price-cut pressure.
- The middle ZIP home value is +23.9% versus the tracked-market benchmark.
- Month over month, the median ZIP market moved 0.0% on inventory and +3.4% on buyer competition.
- The middle ZIP rent is -6.1% versus the tracked-market benchmark.
- Measured ZIP markets
- 24
- Median ZIP home value
- $790,152
- Median ZIP rent
- $2,290
- Median buyer competition
- 62
Price and rent across local markets
The middle ZIP home value is +23.9% versus the tracked-market benchmark. The middle ZIP rent is -6.1% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $694,699 to $967,442. The middle half of tracked ZIP rents runs from $2,045 to $2,422. Buyer competition across local ZIP markets runs from 51 at the 25th percentile to 66 at the 75th.
How broadly conditions are changing
25.0% of measured ZIP markets show softer conditions. 20.8% of measured ZIP markets show rising price-cut pressure. 0.0% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved 0.0% on inventory and +3.4% on buyer competition. 0.0% of measured ZIP markets show accelerating new-listing supply. 0.0% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is +4.1% versus the tracked-market benchmark.
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Sources and method
- HomeMarketCap.com data sources: local housing-market datasets
- HomeMarketCap.com methodology: regional aggregation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.