Seattle & Eastside Market Report
July 2025 · 18cities · Single-family homes only
Key Takeaways
Kirkland's days on market jumped from 10 to 17 between June and July
the sharpest single-month deceleration among reliable Eastside cities — while volume fell 28% year-over-year, signaling a meaningful shift toward buyers.
Bellevue's Redfin median dropped from $2.1M in June to $1.85M in July, though ZHVI (the smoother price signal) shows a more modest -0.8% MoM dip to $1.71M
still up 3.4% year-over-year and suggesting the Redfin swing reflects mix shift more than a true price collapse.
Mercer Island crossed the 30-sale threshold in July (31 sales) to become the priciest reliable market at $2,575,000 median with 9.7% above-list sales
luxury buyers are still transacting, just selectively.
Edmonds posted the tightest supply on the corridor at 1.2 months with 39 sales
demand held firm even as Seattle and Eastside markets softened, making it the standout pace leader this month.
ZHVI is now declining month-over-month in every covered market after peaking in late winter
Bellevue ZHVI has dropped from $1.75M in February to $1.71M in July, reflecting the seasonal and rate-driven correction that kicked in at spring's end.
Mortgage Rates
Freddie Mac PMMSRates are 0.25 points higher than a year ago. They peaked at 7.04% in January and bottomed at 6.08% in September. Purchasing power has tightened compared to a year ago.
Home Values
Zillow ZHVIZillow Home Value Index (ZHVI) estimates the value of a typical single-family home in each city — whether or not it sold. Based on the middle tier (33rd–67th percentile), excluding starter homes and luxury. Smoothed and updated monthly, not distorted by low sales volume.
| City | Typical Home Value | YoY |
|---|---|---|
| Mercer Island | $2.38M | +1.3% |
| Bellevue | $1.71M | +3.4% |
| Sammamish | $1.68M | +2.3% |
| Redmond | $1.52M | +2.4% |
| Newcastle | $1.47M | +2.4% |
| Kirkland | $1.43M | +2.1% |
| Woodinville | $1.41M | +2.0% |
| Issaquah | $1.34M | +1.2% |
| Bothell | $1.11M | +1.7% |
| Kenmore | $1.10M | +1.9% |
| Lake Forest Park | $1.04M | -0.1% |
| Brier | $980K | +1.6% |
| Edmonds | $961K | +0.6% |
| Seattle | $917K | -1.1% |
| Shoreline | $829K | -1.1% |
| Lynnwood | $801K | 0% |
| Renton | $784K | -1.1% |
| Mountlake Terrace | $710K | -0.6% |
12-Month Trends by Tier
Indexed to 100 at start — above 100 gained value, below 100 lost. Hover to highlight.
Premium
$1.5M+Mid-Range
$1M–1.5MAffordable
Under $1MMarket Activity
July 2025Actual single-family home sales from Redfin Data Center. Cities with fewer than 30 sales are flagged — their medians can swing wildly.
| City | Median | YoY | Sold | DOM |
|---|---|---|---|---|
| Lake Forest Park* | $1.04M | +2.2% | 15 | 5 days — Fast |
| Lynnwood* | $833K | -5.4% | 18 | 5 days — Fast |
| Mountlake Terrace* | $677K | -6.7% | 14 | 5 days — Fast |
| Brier* | $1.11M | -0.4% | 9 | 6 days — Fast |
| Edmonds | $1.03M | -18.7% | 39 | 8 days — Fast |
| Renton | $793K | +6.4% | 65 | 8 days — Fast |
| Kenmore* | $1.28M | +0.7% | 16 | 9 days — Fast |
| Seattle | $1.09M | +4.6% | 481 | 9 days — Fast |
| Bellevue | $1.85M | +2.2% | 113 | 10 days — Fast |
| Shoreline | $835K | -0.6% | 36 | 10 days — Fast |
| Newcastle* | $1.85M | +4.3% | 13 | 12 days — Fast |
| Redmond | $1.55M | -7.8% | 47 | 14 days — Moderate |
| Issaquah* | $1.50M | -13.7% | 25 | 14 days — Moderate |
| Sammamish | $1.65M | -11.5% | 66 | 17 days — Moderate |
| Kirkland | $1.63M | -1.3% | 79 | 17 days — Moderate |
| Woodinville* | $1.20M | -15.9% | 15 | 17 days — Moderate |
| Mercer Island | $2.58M | +9.6% | 31 | 18 days — Moderate |
| Bothell* | $1.16M | +1.1% | 28 | 18 days — Moderate |
* Fewer than 30 SFH sales — median unreliable (row muted). YoY = year-over-year median price. MoS = months of supply. Click headers to sort.
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