Seattle Housing Market This Week: Prices Down 4%

The Seattle housing market is cooler than it was a year ago. In the four weeks from Oct. 12 to Nov. 8 this fall, the median Seattle-area home sold for $797,155, down 4.0 percent from $830,000 in the same four weeks of 2025. More homes are on the market, they are taking longer to sell, and more than half sold for less than their list price.

These figures come from Redfin's weekly housing data, which it updated on Nov. 10. Each weekly row covers a rolling four-week window, and Redfin's Seattle metro follows the federal metropolitan division, so it takes in more than the city of Seattle itself. We compare each number with the same window a year earlier, which takes the usual fall slowdown out of the picture.

The numbers

Measure	Oct. 12 to Nov. 8, 2026	Same weeks in 2025	Change
Median sale price	$797,155	$830,000	down 4.0%
Median price per square foot	$437.89	$467.95	down 6.4%
Homes sold	2,163	2,677	down 19.2%
Pending sales	1,785	2,592	down 31.1%
New listings	2,278	2,366	down 3.7%
Active listings	12,155	9,874	up 23.1%
Months of supply	3.8	2.3	up 1.5 months
Median days on market	27	22	up 5 days
Average sale to list price	98.2%	99.2%	down 1 point
Share sold above list price	18.2%	21.0%	down 2.8 points
Share sold below list price	55.1%	48.1%	up 7.0 points

What changed since last fall

More choice. There were 12,155 homes for sale at some point during the window, 2,281 more than a year earlier. New listings were slightly lower than last year, so the growth looks like homes staying on the market longer, not a wave of new sellers. The median home took 27 days to sell, five days longer than in 2025.

Fewer deals. Closed sales fell 19.2 percent. Pending sales, which count homes that went under contract during the window, fell further, by 31.1 percent. Pending sales close in the weeks that follow, so that drop points to fewer closings ahead as well.

Prices easing, not falling sharply. The median sale price is down $32,845 from a year ago. Price per square foot fell a little more, 6.4 percent, which suggests buyers are paying less for the same amount of space, not only buying smaller homes. Sellers are also asking less: the median new listing price was $746,757, down 6.7 percent.

What it means if you are buying

Buyers have more room to negotiate than they did a year ago. On average, homes sold for 98.2 percent of their final list price. On an $800,000 list price, that works out to about $14,500 below asking. More than half of the homes that sold (55.1 percent) went for less than their list price, up from 48.1 percent last fall, while fewer than one in five sold above it.

With 3.8 months of supply, it would take nearly four months to sell every home on the market at the current pace, up from 2.3 months a year ago. A higher number means more homes for each buyer, and this one has moved in buyers' favor.

What it means if you rent

This data covers homes that are sold, not rents, so it does not tell you where rents are heading. If you are weighing renting against buying, the useful takeaway is that buyers face less competition this fall than last, with more listings and fewer bidding wars.

How we made this

We streamed Redfin's weekly metro file, kept the rows for the Seattle metro area and compared the latest four-week window with the window ending Nov. 9, 2025. The percentages in the table are Redfin's year over year figures, and we checked each one against the raw counts. We will run these numbers again each week.