I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Washington
💡 Key Washington housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $588,856[1] | #4 of 50 states | 60.6% higher |
Median Listing Price | $644,450[2] | #6 of 50 states | 46.4% higher |
Median Sale Price | $676,600[3] | #3 of 50 states | 61.7% higher |
30 Year Mortgage Rate | 6.92%[4] | #10 of 50 states | 0.8% lower |
Median Days on Market | 52[5] | #18 of 50 states | 7.5% shorter |
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🗺️ Buying a house in the Washington real estate market
Washington has an affordability score of 8.8, meaning it takes 8.8 years of the median household income ($77,006) to afford Washington's median home sale price ($676,600). Because of this, we rank Washington as the 5th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $676,600[6] | #3 of 50 states | 61.7% higher |
30 Year Mortgage Rate | 6.92%[7] | #10 of 50 states | 0.8% lower |
Median Household Income | $77,006[8] | #9 of 50 states | 19.3% higher |
Affordability Ratio | 8.8 | #46 of 50 states | 37.4% higher |
Buyers Agent Commission | 2.56%[9] | #24 of 50 states | 0.9% higher |
Resources for Washington home buyers
Preparing to buy in Washington
Washington home buying costs
🗺️ Selling a house in the Washington real estate market
According to our detailed survey of Washington real estate agents, listing agents (those representing the seller) charge an average commission in Washington of 2.62%, which is the 12th lowest in the United States. Buyers' agents charge an average commission of 2.56%, which is the 24th lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $644,450[10] | #6 of 50 states | 46.4% higher |
Median Sale Price | $676,600[11] | #3 of 50 states | 61.7% higher |
Median Days on Market | 52[12] | #18 of 50 states | 7.5% shorter |
Buyer's Agent Commission | 2.56%[13] | #24 of 50 states | 0.9% higher |
Listing Agent Commission | 2.62%[14] | #12 of 50 states | 3.8% lower |
Resources for Washington home sellers
Preparing to sell in Washington
- 8 Steps to Selling a House in Washington
- Average Time to Sell a House in Washington
- When Is the Best Time to Sell a Home in Seattle?
- Top Real Estate Agents in Washington
Washington home selling costs and requirements
Moving to Washington
According to our recent moving trends survey[15], Washington is the 8th most desirable state to move to, with 14% of Americans indicating that they would choose to move there if money were no object. Likewise, 14% of survey respondents indicated that they would move to Seattle among a choice of America's largest cities. Among medium-sized cities, 9% indicated that they would move to Spokane.
Here's how Washington cities rank in a number of our research studies.
Study | Best Washington city | Rank |
Best Pizza Cities[16] | Seattle | 23rd best |
Best Coffee Cities[17] | Seattle | 10th best |
Best LGBTQ Cities[18] | Seattle | 18th best |
Best Bike Cities[19] | Seattle | 9th best |
Best Commuter Cities[20] | Seattle | 31st best |