Home Sales in Northeast Seattle: 1st Quarter 2024
The first quarter of 2024 witnessed a dynamic real estate market in Northeast Seattle, marked by robust home sales and diverse property styles. The data collected for this period provides valuable insights into the pricing trends and preferences among homebuyers in this vibrant community.
Northeast Seattle, known for its blend of urban convenience and suburban tranquility, attracted a wide array of buyers, from young professionals to growing families. The average selling prices varied significantly based on the style and size of the homes, reflecting the diverse housing stock available in the area.
Among the different home styles, traditional two-story houses commanded the highest average price per square footage at approximately $671. This preference for two-story homes can be attributed to their spacious layouts and family-friendly designs. One-story homes also remained popular, with an average price per square foot of $645, appealing to buyers seeking accessibility and ease of maintenance.
Traditional two-story houses commanded the highest average price per square foot
Other styles, such as split entries and townhouses, offered more affordable options with average prices per square foot around $525 and $592, respectively. Tri-level homes and multi-level residences fell in the mid-range, with average prices per square foot around $588 and $572, appealing to buyers desiring more architectural diversity and space utilization.
It’s important to note that the price per square footage serves as a foundational metric for assessing home value but should not be the sole criterion for making purchasing decisions. While it provides a useful benchmark, various factors influence the final selling price of a home. These include location, condition, age, and specific features such as updated kitchens, outdoor spaces, and energy-efficient systems. Additionally, market conditions, such as supply and demand dynamics, can significantly impact home prices.
Therefore, potential buyers should consider the price per square foot as a starting point for evaluating properties, complemented by a comprehensive assessment of individual home attributes and market trends. By doing so, buyers can make informed decisions that align with their preferences and financial goals in the competitive Northeast Seattle real estate market.
Average Selling Price Per Square Footage By Style (Rounded)
- 10 – 1 Story: $645 per square foot
- 11 – 1 1/2 Story: $546 per square foot
- 12 – 2 Story: $671 per square foot
- 13 – Tri-Level: $588 per square foot
- 14 – Split Entry: $525 per square foot
- 15 – Multi Level: $572 per square foot
- 16 – 1 Story w/Basement: $591 per square foot
- 17 – 1 1/2 Story w/Basement: $648 per square foot
- 18 – 2 Stories w/Basement: $627 per square foot
- 32 – Townhouse: $592 per square foot
