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Seattle Median Home Prices
The data above tracks the past 10 years of Seattle Median Home Prices for Single Family Homes.
Why are Median Housing Prices Important?
Tracking Seattle Median Home Prices helps buyers and sellers make smarter decisions about when to enter the market. The median price represents the middle point where half of homes sold for more and half for less. This provides a realistic picture of what actual homes are selling for in a neighborhood.
Historical trends reveal predictable seasonal patterns. Median Home Prices typically hit their lowest point during the winter months when fewer buyers are searching. Median prices then climb to their peak in spring as competition intensifies. Understanding these patterns will help you plan to make the most out of your home purchase or sale.
Regardless of the time of year, there are always opportunities to make smart real estate decisions. By understanding where the market is, and where it is heading, you take your first step to maximizing your potential.
Median vs Averages
When measuring housing prices, we prefer the median over the average because it provides a more accurate picture of what typical homes actually cost. The median represents the middle price point, where half of homes sold for more and half for less. Using the median helps avoid distortion from outliers.
A single home selling for $5 million can dramatically inflate the average price in a neighborhood of $500,000 homes, but it barely affects the median. This makes the median a more reliable indicator for buyers and sellers trying to understand what they'll realistically pay or receive. This data is less skewed by luxury properties or foreclosure sales at the extremes.
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Kayvon Mohammadian
Broker | Licensed Agent
Windermere West Metro
