Average sale price of a home in Northeast Seattle was $1.16M in March 2023
If you are looking for a home in Seattle, you might have noticed that the Northeast Seattle real estate market is very competitive and has seen steady price growth over the past year. But what makes this area so attractive to buyers and sellers? Here are some possible reasons:
Location: Northeast Seattle is close to many amenities and attractions, such as the University of Washington, University Village, Magnuson Park, Lake Washington, and the Burke-Gilman Trail. It also has easy access to downtown Seattle, Bellevue, and other employment centers via public transportation or highways.
Neighborhoods: Northeast Seattle has a variety of neighborhoods to suit different lifestyles and preferences. Whether you are looking for a historic Craftsman bungalow in Wedgwood, a modern loft-style condo in Magnuson Point, or a spacious colonial with views in Laurelhurst, you can find it here.
Demand: Northeast Seattle has a high demand for housing due to its desirable location and neighborhoods. According to Redfin, homes in Northeast Seattle receive 2 offers on average and sell in around 14 days. The average sale price of a home in Northeast Seattle was $1.16M last month, up 10.7% since last year. The average sale price per square foot in Northeast Seattle is $519, down 6.7% since last year.
These factors make Northeast Seattle a resilient real estate market that can withstand fluctuations and challenges. If you are interested in buying or selling a home in Northeast Seattle, contact me today for a free consultation and market analysis.
