Washington State Housing Market Report
Updated March 29, 2026 • Data from NWMLS
As of March 2026, the median home price in Washington State is $639,383, up 0.6% year-over-year.
- The median home sale price in Washington State is $639,383 as of March 2026.
- Home prices are up 0.6% compared to the same period last year.
- There are 9,879 active listings on the market.
- With 2.1 months of inventory, this is a seller’s market.
- Homes are selling in an average of 33 days.
- The average sale-to-list price ratio is 99.5%.
What This Means
Washington State is currently a seller’s market with limited inventory driving competition among buyers. There are 9,879 active listings representing 2.1 months of inventory. Median sold prices are up 0.6% year-over-year, continuing an upward trend. Homes are spending an average of 33 days on market before selling. Sellers are receiving 99.5% of asking price on average.
Looking Ahead
Based on historical trends. Not a guarantee of future performance.
Based on 5 years of seasonal sales patterns and the past 12 months of market data, home prices in Washington State could rise heading into June, as spring and summer typically bring more buyer competition and higher sale prices.
Should You Buy or Sell Right Now?
For Buyers
It’s competitive out there. With only 2.1 months of inventory, be prepared to act quickly and make strong offers. Getting pre-approved is essential.
Outlook: Prices are trending upward — buying sooner may save you money compared to waiting.
For Sellers
This is a strong seller’s market. Low inventory means your home is likely to attract multiple offers. Price competitively and you could sell above asking.
Current sale-to-list ratio: 99.5% — homes are selling at essentially asking price.
Want personalized advice for your situation? Talk to a Beyond Real Estate agent for a free consultation.
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Frequently Asked Questions
The current median home sale price in Washington State is $639,383 as of March 2026, based on closed residential transactions reported through NWMLS. See the Data Methodology section below for how this figure is calculated.
Homes in Washington State are currently selling in an average of 33 days from listing to closing. This includes all time the property was listed across any relisting periods (cumulative days on market). Seasonality matters — homes listed in spring and summer typically sell faster than those listed in fall and winter.
There are currently 9,879 active residential listings in Washington State, representing 2.1 months of inventory. This figure includes single-family homes, condos, and townhouses listed through NWMLS and updates every 15 minutes.
Home prices in Washington State have increased 0.6% compared to the same month last year. The median sale price went from $635,450 to $639,383. Year-over-year changes reflect broader economic trends including mortgage rates, local job growth, and housing supply. View the trend charts above for a longer-term perspective.
In Washington State, homes are selling very close to asking price (sale-to-list ratio: 99.5%). Offers near the full list price are typical. You may have slight room for negotiation, but lowball offers are unlikely to succeed in this market. A local real estate agent can help you determine the right offer price based on comparable recent sales. Get a free consultation.
Beyond Real Estate is a licensed Washington brokerage serving Washington State with full NWMLS access. Unlike most brokerages, we don’t require NAR membership, which saves our agents hundreds annually in association dues — savings that translate to better service for clients. Contact us for a free, no-obligation consultation about buying or selling in Washington State.
Data Methodology
Data Source
All statistics on this page are calculated from verified Northwest Multiple Listing Service (NWMLS) records accessed via the MLS Grid API. NWMLS is the largest MLS in the Pacific Northwest, covering all residential real estate transactions reported by member brokerages across Washington state.
What Is Median Home Price?
The median home price is the middle sale price when all residential sales in a given period are sorted from lowest to highest. Half of homes sold for more than the median, and half sold for less. Unlike the average (mean), the median is not skewed by a small number of very high or very low sales, making it the industry-standard measure used by the National Association of Realtors (NAR), Redfin, and Zillow.
Property Types Included
Our market statistics include residential properties only: single-family homes, condominiums, townhouses, and manufactured homes on permanent foundations. The following property types are excluded from all price calculations: vacant land, commercial properties, multi-family income properties (duplexes, triplexes, apartment buildings), farms, business opportunities, and rental leases.
How Metrics Are Calculated
| Metric | Definition |
|---|---|
| Median Sale Price | The middle value of all closed residential sale prices in the reported period. Based on actual closed sale prices, not list prices. |
| Median Active Price | The middle value of all currently listed residential asking prices. |
| Active Listings | The number of residential properties currently listed for sale with active status in NWMLS. |
| Avg. Days on Market | The average cumulative days on market (CDOM) for sold listings, measuring from original list date through all listing periods. |
| Sale-to-List Ratio | The average ratio of final sale price to original list price, expressed as a percentage. A ratio above 100% indicates homes are selling above asking price. |
| Months of Inventory | Active listings divided by the average monthly sales pace. Indicates how long it would take to sell all current inventory at the current rate of sales. |
Market Condition Classifications
| Condition | Months of Inventory | What It Means |
|---|---|---|
| Seller’s Market | Less than 3 months | Low inventory favors sellers. Homes sell quickly, often with multiple offers. |
| Balanced Market | 3 to 6 months | Neither buyers nor sellers have a distinct advantage. |
| Buyer’s Market | More than 6 months | High inventory gives buyers more choices and negotiating power. |
Geographic Coverage
City-level statistics use the NWMLS city designation, which corresponds to the USPS mailing address. This may include properties in unincorporated areas that share a city mailing address. County and state statistics aggregate all residential transactions within the respective geographic boundaries as reported by NWMLS.
Update Frequency
Listing data is synced from NWMLS every 15 minutes. Market report statistics are recalculated daily from the most recent closed sale records and active listing data.
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Learn MoreDisclaimer
The information contained in this market report is for general informational purposes only and should not be construed as financial, investment, legal, or tax advice. All data is sourced from the Northwest Multiple Listing Service (NWMLS) via MLS Grid and is deemed reliable but not guaranteed. Information may be subject to errors, omissions, changes in price, prior sale, or withdrawal without notice.
Past market performance is not indicative of future results. Real estate markets are inherently unpredictable and influenced by numerous factors including economic conditions, interest rates, government policies, and local market dynamics. Any projections, forecasts, or trend analyses presented are based on historical data and should not be relied upon as predictions of future market performance.
Before making any real estate decisions, consult with a licensed real estate professional, financial advisor, or other qualified professional who can evaluate your specific circumstances. Beyond Real Estate, LLC makes no representations or warranties regarding the accuracy, completeness, or timeliness of the information provided.
© 2026 Beyond Real Estate, LLC. Data © 2026 NWMLS. All rights reserved.