Seattle & Eastside Market Report
February 2026 · 18cities · Single-family homes only
Key Takeaways
Spring arrived fast in February
DOM collapsed across the board compared to January — Seattle fell from 47 to 7 days, Bellevue from 28 to 9, Renton from 29 to 9, Sammamish from 69 to 16 — the fastest pace reset since last spring and a clear signal that buyer demand has fully reactivated.
Renton surged back above the 30-sale threshold with 39 SFH closes, 9-day DOM, and 38.5% of homes selling above list
the most competitive pace among all reliable-volume cities this month and up sharply from January's slow 29-day DOM.
Seattle SFH crossed back through $1M to $999,950 on 318 sales
the highest February volume in our tracking window — with 37.1% selling above list and only 1.4 months of supply despite 460 active listings; the sale-to-list ratio hit 101.7%, above asking for the first time since last spring.
Kirkland ZHVI dipped to $1,417,366 in February
a second consecutive monthly decline and the steepest YoY drop in our coverage at -4.0% — even as 48 SFH homes closed (up from 39 in January), showing that values are still resetting even as transaction volume recovers.
Rates touched 5.98% on February 26
dipping below 6% for the first time in our 12-month window — before rebounding to 6.22% in March. On a $750K loan, 5.98% is roughly $4,490/month, about $465 less than last spring's 6.89% peak.
Mortgage Rates
Freddie Mac PMMSRates are 0.43 points lower than a year ago. They peaked at 6.89% in May and bottomed at 5.98% in February. Buyers have modestly more purchasing power than last year.
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 | $2.40M | -0.9% |
| Bellevue | $1.71M | -2.2% |
| Sammamish | $1.66M | -3.6% |
| Redmond | $1.52M | -2.0% |
| Newcastle | $1.49M | +0.1% |
| Kirkland | $1.42M | -4.0% |
| Woodinville | $1.40M | -1.6% |
| Issaquah | $1.35M | -1.2% |
| Bothell | $1.10M | -3.3% |
| Kenmore | $1.09M | -3.3% |
| Lake Forest Park | $1.05M | -2.2% |
| Brier | $985K | -1.9% |
| Edmonds | $972K | -1.4% |
| Seattle | $927K | -2.1% |
| Shoreline | $834K | -3.3% |
| Lynnwood | $808K | -2.3% |
| Renton | $790K | -2.3% |
| Mountlake Terrace | $718K | -2.2% |
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
February 2026Actual 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 |
|---|---|---|---|---|
| Mercer Island* | $2.23M | -25.7% | 4 | 5 days — Fast |
| Lynnwood* | $865K | +4.2% | 13 | 6 days — Fast |
| Seattle | $1M | -9.1% | 318 | 7 days — Fast |
| Shoreline | $741K | -7.4% | 34 | 7 days — Fast |
| Bothell* | $1.08M | -36.3% | 25 | 8 days — Fast |
| Edmonds* | $1M | -3.5% | 19 | 8 days — Fast |
| Bellevue | $1.86M | -0.2% | 64 | 9 days — Fast |
| Brier* | $1.02M | +15.5% | 7 | 9 days — Fast |
| Renton | $765K | +5.1% | 39 | 9 days — Fast |
| Lake Forest Park* | $1.18M | +14.0% | 8 | 13 days — Moderate |
| Mountlake Terrace* | $776K | +5.4% | 9 | 14 days — Moderate |
| Sammamish | $1.66M | -7.3% | 30 | 16 days — Moderate |
| Kirkland | $1.45M | -16.2% | 48 | 23 days — Slow |
| Woodinville* | $1.84M | +19.4% | 6 | 27 days — Slow |
| Redmond* | $2.05M | +30.6% | 20 | 28 days — Slow |
| Newcastle* | $1.54M | -14.6% | 14 | 36 days — Very slow |
| Kenmore* | $995K | -27.4% | 13 | 46 days — Very slow |
| Issaquah* | $2.12M | +29.4% | 8 | 63 days — Very slow |
* 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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