Washington Real Estate Market: Forecasts + Trends

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By Clever Real Estate Updated February 20, 2023

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Washington real estate trends

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

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.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get cash back after closing. Find out how much you can save with Clever today!

Selling a home in Washington

Washington real estate market forecast for sellers
⏰ Homes are selling 9 days faster than the annual average 💰 Homes are selling for $7,058 less than the annual average
💸 Average listing commission: 2.75% 💸 Average buyer's commission: 2.51%
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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: 677 sq ft 🏡 Olympia: sq ft
🏡 Spokane: 1,250 sq ft 🏠 Bremerton: sq ft
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Investing in Washington real estate

Best of Washington

💡 Did you know…

Seattle, Washington was ranked among the top ten best music cities in the U.S. in 2022?

Research from the Clever Data Center revealed that Seattle is the number one city for punk music and the third best city in the U.S. for musicians overall. Seattle is home to approximately 89% more career musicians than the average metro area!

» Taking notes? 🎵 Learn more about the rankings here: The Best Music Cities in the U.S.

The Clever Data Center found that Seattle, Washington has approximately 27 coffee shops per capita?

Seattle has been setting trends in the coffee scene for decades now. It's known as the national capital for specialty coffee drinks, and it's where Starbucks first put down roots in the 1970s.

» Thirsty for more info? ☕ Read our full study here: The Best Coffee Cities in America

Each month, we compare locations in Washington based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Washington
1. King County
2. San Juan County
3. Chelan County
4. Skamania County
5. Snohomish County
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Ready to buy a home in Washington? Eligible buyers get cash back with Clever!

Worst of Washington

Each month, we compare locations in Washington based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Washington
1. Ferry County
2. Grays Harbor County
3. Mason County
4. Pacific County
5. Lewis County
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Washington resources

👋 Next Steps: Talk to an expert

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Frequently asked questions about Washington real estate

Is it a buyer's or seller's market in Washington?

It is currently a seller’s market in Washington. Demand is very high, and inventory is limited — both of which are causing listing prices to shoot up. However, each city and town is different, which is why it’s important to check in with a real estate agent to find out about your local trends.

Is Washington a good state to invest in real estate?

Yes, it is good to invest in Washington real estate, particularly in a big city like Seattle, where housing is always in demand. But if you want to make the most out of your investment, you will need to know which neighborhoods to buy in and have a property management plan in place. Find out more in our guide to real estate investing.

Is it a good time to buy a house in Washington?

It might not be a good time to buy a house in Washington at the moment, as listing prices are higher than normal. However, mortgage rates in the state are low, meaning that you could still save money over time if you get a locked-in low rate. To have an easier time, work with one of the top real estate agents in Washington.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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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