The Best Time to Buy a House in Seattle

By 

Clever Real Estate

Updated 

December 23rd, 2020

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Did you recently get a job in Seattle, but you know nothing about the area? Learn when the best time to buy a home in Seattle. Learn how a buyer’s agent will look after your best interests when purchasing a home.

Buying a house is a stressful and emotional process. You'll likely have to spend weeks touring properties, fill out hundreds of forms, and invest a large chunk of your savings to secure the right house.

One way to make buying a house easier is starting the process at the right time. In Seattle, housing inventory, mortgage rates, and market trends vary from month to month.

For example, this year listing prices for homes in Washington were lowest in January. On average, homes were $38,972 less expensive. While in November — the month with the highest prices — the listing prices were $59,275 more than the annual average.

In truth, the best time to buy a house really depends on your priorities and situation. Read on to find out which time of year will give you the most options and the biggest savings when buying a house in Seattle.

Best Month For


Listing price
January
5.7% lower than average
Housing inventory
May
12.0% more homes to choose from
Mortgage rates
December
2.98% interest for 30-year mortgage
Realtor.com data (October 2020)
Bankrate data (December 2020)

If you're interested in buying a home, the first step in the home buying journey is getting preapproved by a licensed lender. Even if you’re already pre-approved, shopping around for lower rates can pay dividends over the life of the loan.

You can fill out the form below to be instantly matched with a licensed lender who knows the area and can guide you through the process.

The Best Time of Year to Buy in Seattle

Even though Seattle residents enjoy relatively mild winters, like the rest of the country, most of the houses go up for sale in April, June, and July. During this time, there are plenty of homes on the market, but since it is a popular time to buy a house, there is plenty of competition among buyers.

The best time to buy a home is when there are houses to choose from, but there aren’t many buyers who will drive up the prices on the homes.

When is the magical time for home buyers in Seattle? Buyers tend to receive the most discounts on real estate during July, August, and September. Homeowners who are late to get their homes on the market may feel rushed to get their homes sold before the next school year begins. You can capitalize on this panic and may be able to enjoy a discount on the property. And we know how much you love a good deal!

So if you have some flexibility in your schedule, and you don’t mind moving during the hottest part of the summer, you will probably be able to get a great deal on the house of your dreams in July, August or September. It’s Seattle. How hot does it get anyway?

The Best Places to Buy a Home in Seattle

You know you want to move to Seattle, but you aren’t sure which neighborhood or suburb would be the best place for you to live. Here are five popular areas of Seattle. It is also a good idea to spend some time in the city before you make such an important decision. If you don’t have the luxury of time, ask a local real estate agent for advice.

Overlake

Even though Overlake is considered a neighborhood in Redmond, it is close enough to Seattle to make it on this list. This safe neighborhood has excellent public schools. Most of the residents own their own homes, and there are a lot of employers in the area.

Southeast Redmond

This suburban spot has a highly educated population. Over 30% of the inhabitants have a Master’s Degree or higher. The homes tend to be on large-sized lots, and people are happy with the public schools.

Sammamish Valley

This neighborhood near Redmond has many restaurants, coffee bars, and parks. It is often listed as one of the best places to live in the State of Washington. Most people in Sammamish Valley rent their homes.

North Redmond

One of the perks of living in the North Redmond area is the highly rated public schools. This neighborhood has over 3,500 residents, and 96% of its residents own their own homes. It is in King County.

Westlake

If suburban life is not for you, and you prefer to live where the action is, you may want to check out the Westlake neighborhood of Seattle. There are plenty of entertainment and dining options in this neighborhood, and most of the inhabitants rent their homes.

4 Ways to Get a Great Deal On a Home in Seattle

1. Find a Great Seattle Real Estate Agent

You may be an expert in many things, but chances are you don’t know much about the real estate market in Seattle. Find someone who does know the area and will work for you as your buyer’s agent. Find someone with premier negotiation skills who will look out for your best interests.

2. Assess Your Needs and Lay Out Your Goals

Your buyer’s agent will assess your needs and ask you the right questions to help you narrow down where you would like to live in the Seattle area. He or she may suggest certain areas based on your financial situation.

Do you want to live close to downtown? Do you want to live in a place with excellent public schools? Do you want to live in a quiet community that is away from the hubbub of the city? Your buyer’s agent will help you find the perfect location.

3. Find a Lender and Secure Financing

Unless you plan to buy your home with cash, you'll need to apply for a mortgage. For most home buyers in Seattle, interest rates are among the biggest factors when choosing a lender. Doing a little upfront research and comparing options to find the best rates could save you tens of thousands of dollars over the life of your loan.

For example, in Washington a typical house is worth $451,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $1,609. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $1,521.

Getting a mortgage is a big decision – and it pays to shop around! Keep shopping until you find a lender with competitive rates who also understands your goals. Don’t get pressured into taking on a bigger loan than you’re comfortable with – work with a lender who explains what you’re really signing up for.

It’s easy to start your home buying journey – answer a few questions to get instantly matched with a lender who works in your area.

4. Negotiate for the Best Possible Price

Once you’ve chosen your dream property, your agent will help you make and submit an offer. They will then negotiate with the owner again following the home inspection to ensure you’re getting the best deal possible.

Are you ready to take the first step to move to Seattle? Fill out this online form and a Clever representative will be in touch to answer any questions you may have and connect you with a local Partner Agent for a no-obligation consultation.

The west coast is waiting for you! Take that first step and find an expert in the industry to help you with your purchase.

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