Property listed by Jay Kipp | 407 408 5th Ave W, Kirkland, WA 98033
Realogics Sotheby’s International Realty presents the latest Market Trends From Around the Sound, the quarterly report diving into Q2 market data from 13 communities across the Puget Sound region.
After a long period of low inventory levels, the data reveals that although most markets analyzed in our reporting remained seller’s markets (meaning they have one to four months of inventory), there were major increases in the number of homes for sale across the 13 communities analyzed. This led to more supply for homebuyers searching for their ideal properties, everywhere from the Seattle condominium market to Island County to Cle Elum.
Explore the report for more insights around median sales prices, the number of homes sold, the average price per square foot of properties sold, and more.
Seattle | Single-Family Homes
The city has seen consistent price growth across the past three years’ second quarters, from $950,000 in Q2-2023 to $1,000,000 in Q2-2024 to $1,083,000 in Q2-2025 (an 8.3% year-over-year increase).
Eastside | Single-Family Homes
The biggest change between 2024 and 2025’s second quarters was in homes for sale, with a 90.53% increase to 1,267 homes, creating more opportunity for buyers searching for an Eastside property.
Mercer Island | Single-Family Homes
Typically, homes move more slowly on the island, with higher price tags leading to longer listing times. However, Q2-2025 represented a different picture. The average days on market was 12 days in Q2-2025, while it was 25 in Q2-2024 and 31 in Q2-2023.
Bainbridge Island | Single-Family Homes
Following a period of low levels of supply, the 39.24% year-over-year increase in the number of homes for sale—up from 79 in Q2-2024 to 110 in Q2-2025—was a welcome shift in market dynamics for those looking for their ideal Bainbridge Island home.
Seattle | Condominiums
Although the Seattle single-family home market’s median sales price ($1,083,000) was nearly double the median sales price of its condominium market ($579,000), the average price per square foot was nearly identical, at $610 for condominiums and $612 for single-family properties.
Kitsap County (Excluding Bainbridge Island) | Single-Family Homes
The median sales price in the county was up 4.18% from $550,000 in Q2-2024 to $573,000 in Q2-2025. The average price per square foot increased a similar amount, from $299 to $310 per square foot.
King County | Single-Family Homes
Compared to most of the other communities examined in our reporting, homes sold more quickly in King County, with an average days on market of 19 (slightly higher than Q2-2024’s average of 17 days).
Pierce County | Single-Family Homes
With minimal change between Q2-2024’s data and Q2-2025’s data, apart from the number of homes for sale (which increased by 28.34%), the market has remained steady from year to year.