Seattle housing: $889,516 median, 2,965 visible homes, and a 2027 fee rule

Seattle's June closings softened while the shopping shelf stayed tight. Redfin puts the city's median sale price at $889,516, down 2.3% from a year earlier, yet its competition score remains 84 out of 100 and homes sell in roughly 11 days. The live listings page showed 2,965 homes for sale on August 24. 12

Redfin's comparable three-month window gives Seattle a lower median than a year ago, along with fewer completed sales. The same page reports a 100.6% sale-to-list ratio, down 0.62 percentage points year over year. 1 Those figures describe homes that closed through June, rather than asking prices available during the current week.

Zillow supplies a second lens. Its ZHVI measures monthly changes in property-level Zestimates across a broad set of homes, rather than the mix of properties that happened to sell. The Seattle index stood at $851,471, down 1.8% over the year, while homes went pending in around 14 days. 3 The two price readings point in the same direction, with different methods and dates.

The current shopper-facing count is 2,965 homes. Redfin's page says the listings came through the MLS GRID as of Monday, August 24, 2026. 2 That count helps describe the choice set a buyer could see that day.

The count runs on a live page clock, while the price and sales figures run through June. A formal current months-of-supply figure remains unavailable from the public city pages used here. The Zillow page exposes the ZHVI and pending time, without an inventory table. 3 The useful conclusion is therefore narrower: Seattle has thousands of visible listings and roughly two weeks of market time, while the available pages do not support an official supply ratio.

Freddie Mac's Primary Mortgage Market Survey put the national average at 6.65% for a 30-year fixed mortgage and 5.95% for a 15-year fixed mortgage as of August 20. The 30-year rate fell from 6.67% the previous week and stood above the 6.58% average from a year earlier. 4

A simple payment illustration shows the scale of the change. A buyer putting 20% down on Redfin's $889,516 median price would finance about $711,613. Principal and interest over 30 years at 6.65% comes to about $4,568 a month. At last week's 6.67%, the same loan would be about $4,578, a difference of roughly $9 a month. The illustration covers principal and interest; property taxes, homeowners insurance, HOA dues, mortgage insurance, and closing costs add to the actual housing bill. 14

Seattle City Council passed Council Bill 121254 on August 11. Seattle's official Renting in Seattle page says the new rules require rental listings, advertisements, and applications to show monthly rent, mandatory and optional fees, utilities, discounts, and estimated average monthly costs when fees vary. The page also says the rules apply to rental agreements entered into on or after July 1, 2027, and require landlords to retain compliance records for three years. 5

Seattle's legislative record describes the bill as an ordinance covering rental-agreement regulation, fee disclosure, limits on certain fees, record retention, investigation authority, and enforcement. 6 The change reaches rental operating costs and advertising practices rather than the purchase price of a home or a property-tax rate. For owners who rent, the operative date and recordkeeping requirements matter more immediately than the bill's passage date.

Seattle's current read is a three-part split: June closed prices are down, the visible listing shelf holds nearly 3,000 homes, and typical transactions still move in about 11 days. Mortgage relief is real but small at the median price. The next useful checkpoints are a newer closed-sale window, a formal active-inventory release with months of supply, the next Freddie Mac rate update, and implementation details for the 2027 rental-fee rules.