Washington Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Washington real estate trends

Real estate trends in Washington | Sellers | Buyers | Investors | The best and worst of Washington | Washington resources

Washington real estate trends (October 2021)

How is the real estate market in Washington?
🏠 Average home value: $529,768
📈 2.48% home value increase month over month
💰 Median sale price: $581,000
⏳ 36 days on the market
🔑 Homes on the market: 9,271
📆 0.6 months of housing inventory
🏦 30-year mortgage rate: 2.96%
💵 Average income: 74222
State of the market: A
Washington home values are nearly twice the national average, and they’re rising fast (along with listing prices). With high demand and very little inventory, this market shows no signs of slowing down.
*Data last updated October 2021

Bordering Canada in the northwest corner of the United State, Washington is known for producing apples, grunge music, and Seattle's iconic role in movies like 10 Things I Hate About You.

The Evergreen State's biggest industries include aerospace, technology, and lumber. In Washington's western half, the winter rainy season is a perfect match for the state's abundant coffee. East of the Cascade Mountains, you'll find a more arid climate.

Beyond Seattle, Washington offers plenty of small, quirky towns ideal for families. Redmond and Bellevue have both earned recognition for their excellent public schools and abundant parks and restaurants.

If you're thinking of buying or selling in Washington, these Washington housing predictions and stats can help you make an informed decision.

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Selling a home in Washington

Washington real estate market forecast for sellers
⏰ Homes are selling 3 days faster than the annual average
💰 Homes are selling for $27,857 more than the annual average
💸 Average listing commission: 2.59%
💸 Average buyer's commission: 2.58%

How to sell a home in Washington

Cost to sell a home in Washington

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Buying a home in Washington

How much home you can buy with $300,000 in...
🏠 Seattle: 792 sq ft
🏡 Olympia: 1,158 sq ft
🏡 Spokane: 1,450 sq ft
🏠 Bremerton: 1,085 sq ft

Investing in Washington real estate

Best of Washington

Each month, we compare cities in Washington based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Washington
1. Shelton
2. Kennewick-Richland
3. Yakima
4. Moses Lake
5. Walla Walla

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Worst of Washington

Each month, we compare cities in Washington based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Washington
1. Oak Harbor
2. Mount Vernon-Anacortes
3. Bellingham
4. Seattle-Tacoma-Bellevue
5. Longview

Washington resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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