Interbay

Interbay is a narrow industrial and residential corridor between Queen Anne and Magnolia that has emerged as a surprisingly compelling housing market, with a median of $1,755,000 and $634/sqft reflecting strong demand for its coveted location flanked by two of Seattle's most desirable neighborhoods. A dramatic +40.4% YoY price surge signals intense buyer competition, likely driven by limited inventory and spillover demand from adjacent Queen Anne and Magnolia. The 46 DOM is modest given the price point, underscoring genuine market strength.

Interbay punches above its industrial image — the Interbay Golf Center, Whole Foods, and a growing stretch of restaurants and cafes along 15th Ave W give residents real everyday convenience. The Burke-Gilman Trail extension and the proximity to Myrtle Edwards Park and the waterfront make it a cyclist's and runner's haven. Buyers get a Queen Anne or Magnolia lifestyle at an address with a bit more grit and, historically, more affordability — though prices are rapidly catching up.

Appreciation-driven buyer seeking momentum — +40.4% YoY growth signals powerful demand dynamics; buyers who act now are betting on continued spillover from Queen Anne and Magnolia. Active lifestyle buyer who bikes or runs — Burke-Gilman Trail access, the waterfront, and proximity to Ballard Locks make Interbay exceptional for cyclists, runners, and outdoor enthusiasts. Buyer priced out of Queen Anne or Magnolia proper — Interbay has historically offered a discount to its more famous neighbors while delivering a nearly equivalent urban lifestyle and location.