October's First-Time Homebuyer Report for Seattle

Seattle is a larger than average city in Washington that has grown at a 10-year growth rate of 9.5%. However, the population of Seattle ranks as the largest with 608,660 people. Its three largest zip codes are 98115, 98133, and 98103. Seattle is made up of homes that are considered older than most with a median of 51 years. The top schools in the city are Fishers Landing Elementary School, Washington Middle School, and Aviation High School.

Price Range

Seattle has some of the more expensive homes in the state with a median home value of $352,200 and a current average list price of $680,120. The Seattle market pulled back with a 4.6% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (881.8) with 947 homes sold.

Out of all the listings in Seattle, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$6M   $10M   $1.9M  

Typical Dwelling

A three-bedroom detached home valued around $724,366 is considered a typical dwelling in Seattle. If a buyer was looking for a similar home, they would need good credit and a $144,873 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,782 and the property tax rate is $10.66 per $1,000 of taxable assessed value.

Get started right now by checking out Seattle homes for sale or reviewing Seattle real estate trends.

Data reported through 10/13/2016


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