Washington Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Seattle's housing market has moderated from its extreme seller's market conditions but remains expensive, with median prices well above $700,000 in the city proper. The Eastside (Bellevue, Kirkland, Redmond) has become even more expensive, driven by Microsoft, Meta, and Google campuses. Tacoma has emerged as the primary affordability alternative within commuting distance of Seattle. Spokane experienced a dramatic price surge during the pandemic as remote workers discovered its affordability and outdoor recreation access. The Tri-Cities (Richland, Kennewick, Pasco) continue to grow steadily, driven by the Hanford site, agriculture, and wine industry.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Washington?

The Washington housing market is showing balanced conditions.

home values have been essentially flat (-0.6%) over the past year. there are currently 781 homes on the market.

Median Home Value

$592,562

Zillow Home Value Index

Year-over-Year

-0.6%

Home value change

5-Year Change

+25.6%

Since 2021

Median Rent

$1,652/mo

Zillow Observed Rent Index

Active Listings

781

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Washington vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Washington: $1,652/mo (+2% YoY)

Rent vs. Buy Analysis

With a median home value of $592,562 and average rent of $1,652/mo, the price-to-rent ratio in Washington is 29.9. A ratio above 21 suggests renting may be more cost-effective.

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