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Seattle Condo Market Real Estate Stats

Updated October 2023

September numbers for the downtown Seattle condo market have been released. The headline is that the median price is down to $592,500. The thing to remember right now is that there are only so many sales of downtown condos, so the median price is pretty volatile!

Area: Downtown, Belltown, Denny Triangle, Pioneer Square, International District (excluding new construction)

Downtown Seattle Condo Median Sales Price

What was the median condo sales price in Downtown Seattle?

Seattle’s median condo sales price in September was $592,500, down from August’s $610,000, almost 3% lower month-over-month. This is a 2% increase year-over-year. In September of 2022, the median price was $580,500.

Downtown Seattle Condo Median Sales Price per Square Foot

Downtown Seattle Condo New Listings

How many new condo listings did we see in September in Downtown Seattle?

We saw 56 new condo listings in September in Downtown Seattle. This is up a few from August’s 53. September saw close to a 6% increase month-over-month, not the jump we saw last year coming out of the “Summer Slowdown.” August 2022 had 52 new listings, and September 2022 had 65, a 25% increase.

Number of Downtown Seattle Condos For Sale

How many condos were for sale in Downtown Seattle at the end of September?

There were 147 condos for sale on the last day of September, up from 143 at the end of August. At the end of September 2022, there were 147 condos for sale, with no change in condos for sale year-over-year.

Downtown Seattle Condo Pending Sales Numbers

How many condos went under contract or pending in Seattle in September?

30 condos went pending in downtown Seattle in September, the same as in August. In September 2022, 23 condos went pending.

Downtown Seattle Condo Closed Sales

How many condos closed in downtown Seattle in September?

28 condos closed in Downtown Seattle in September, down from 32 in August. Last year, 36 condos closed in September.

Downtown Seattle Condo Median Days on Market

The median days on market for a condo decreased in Downtown Seattle, down to 27 days in September.

Downtown Seattle Condo Median Percent of Last List Price

The median percent of the last list price 98.4%.

Seattle Condo Months of Supply Inventory (Pending)

Months of supply, a measure of how long it would take to sell all the homes for sale if no new homes hit the market, remained the same as August at 5.7. A balanced market is considered to be 3 months.

Seattle Condo Months of Supply Inventory (Closed)