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Market Snapshot
Things to Do in Seattle, WA
The Seattle-Bellevue area of Washington is a diverse and fun-loving region known for its vibrancy, friendly atmosphere, environmental sustainability, and endless entertainment opportunities. With the perfect blend of urban life and natural beauty, the Seattle-Bellevue region is one of the fastest-growing areas in the Pacific Northwest. Look for funky restaurants, great coffee shops, trendy boutiques, and major retailers. Some of the most notable points of interest include the Space Needle, the Museum of Pop Culture, Pikes Place Market, and Chihuly Garden & Glass. You'll also discover plenty of opportunities to hike under the pines in this stunning Pacific northwest region.
Industries in the Seattle Area
The Seattle-Bellevue region features a thriving and dynamic economy boosted by the technology, aerospace, and education industries. Throughout the Seattle-Bellevue region, a strong job market makes the area a favorite among young professionals looking to start their careers.
You'll find lots of new homes for sale in the Seattle-Bellevue region, particularly in the Central District of Seattle and in South Seattle. You can also find homes for sale in the many new housing developments in Black Diamond, south of Seattle.
Seattle Housing Market Conditions
This market is seeing housing statistics similar to 2018 numbers. Bouncing back after the pandemic, the metro area has seen some positive movement on the home sales index. Higher mortgage rates still cause hesitancy for potential buyers. Multifamily permits are up and single family permits are projected to grow positively in 2024. With great job growth and a low resale inventory, the market is poised for new home sales. Year over year job growth puts this area above the rest of the state.
The metro area is still priced for buyers to have some concerns with affordability. This new home affordability issue has affected the number of new communities coming to the area. Worries for builders include buyers not being able to qualify with increased mortgage rates.
There is expectation for Seattle to continue to do well post-pandemic. Buyers can take advantage of a number of available new homes for sale in the Seattle area.
School Districts in the Seattle Area
There’s no need to worry about changing schools for your family. With outstanding schools to choose from your children will be happy and making new friends. Bellevue School District, Mercer Island School District, Bainbridge Island School District, and the Seattle School District are known for exceptional teachers and staff providing enriching learning experiences focused on student learning.
Want to Learn More About Seattle?
Here are resources that can help you find the perfect new home.
- Seattle Relocation Guide
- The Most Popular Suburbs in the Seattle Area
- The Best Cities for Retirees in Washington State
Market Overview: New Homes in Seattle, WA
Here is a quick overview of new housing developments in the Seattle area and the new construction market for new build homes in Seattle:
| Market Name | Seattle |
| State Name | Washington |
| Subdivisions | 203 |
| Homes Under Construction | 196 |
| Quick Move-in Homes | 242 |
| Floor Plans | 844 |
| Starting Price | $415,990 |
| Average Price | $725,348 |
| Price Per SqFt | $330 |
| Home Builders | 110 |
| Leading Builders |
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