The end of our spring market quieted down significantly as warm weather, graduations, and vacations distracted buyers and kicked off our typical summer slowdown. Despite this, Seattle posted modest year-over-year growth in both sales activity and median sales prices. The Eastside saw slight dips in sales prices and activity compared to last spring, but choice homes still sold quickly and most closed at or above their listed prices. Buyers found more room to negotiate, particularly on properties that needed work or otherwise didn’t generate immediate interest.
Our takeaways for Sellers: pricing strategy and early market momentum matter—homes that sell quickly are fetching the highest prices. Preparation and accurate positioning are key to success. For Buyers: There’s more inventory than last year, but the best homes are still moving fast and often over asking. Be ready to act decisively, especially in high-demand areas.
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Seattle | Eastside | Mercer Island | Condos | Waterfront
SEATTLE
Seattle was a medal winner in the Q2 relay! Median sales price in Seattle hit $1.02M, up from $968K in Q2 2024—a 5% increase year-over-year, signaling a healthy and steadily appreciating market. Despite increased inventory, sales activity rose 3% YoY with 2,019 homes sold, reflecting stable demand. Homes that sold within the first 10 days received 105% of asking price, while those on market more than 30 days averaged just 97%, so speed continues to command premium pricing.
Momentum continues to be visible across several neighborhoods. Queen Anne & Magnolia led the city with a 14% price increase, pushing the median to $1.5m—a strong signal of those wanting quiet luxury near the downtown core. Ballard–Green Lake and North Seattle also saw notable gains, up 10% and 9% respectively. Central Seattle recorded a 6% increase in price per square foot and the highest number of units sold among central neighborhoods, showing a rebound in core urban demand. Lake Forest Park was the only area with a significant decline in median price (-9%) suggesting buyer opportunity in the near-north fringe.
Much like the Eastside, inventory jumped to 3,500 new listings in Q2, a 16% increase over Q2 2024, giving buyers more choices and slightly more negotiating room, especially for homes that linger on market.
The Seattle market in Q2 2025 showed measured growth, more listing activity, and resilient demand. Whether you’re buying or selling, strategy, timing, and clarity on your market segment are what will make the difference.
Click here for the full report and neighborhood-by-neighborhood statistics!
EASTSIDE
There was a listing surge this quarter and that was most significant on the Eastside! 3,194 homes were available—a substantial jump from just 2,509 in Q2 2024. This equates to a 27% increase in supply year-over-year. For buyers, there was more to choose from this quarter coupled with buyers being more selective and price sensitive. While competition is still strong, longer market times and slight price softening in some areas mean buyers have more negotiating power—especially in markets like Redmond and Sammamish.
But don’t rule out the homes priced and prepped well! Sales velocity remained strong, with 67% of homes selling at or above list price, and most (66%) selling within the first 10 days. 39% of homes even sold over asking price. The median sale price across the Eastside was $1.65M, slightly down from $1.67M last year (–1%), showing a stable but price-sensitive market. For those homes with a longer market time (over 30 days) on average, sellers took a 3% negotiation.
Areas like Sammamish (–7%) and Redmond (–13%) experienced the most significant price drops—indicating opportunities for buyers who are priced out of West Bellevue or Kirkland. If we’re talking community standouts, West Bellevue leads the pack in pricing, with a median sale price of $3.75M, up 5% year-over-year, and the highest price per square foot at $1,151. Kirkland saw the largest year-over-year price increase, up 8%, pushing the median to $2.19m. Redmond was the only major submarket to experience a notable increase in number of homes sold (+15%), despite a 13% price drop, suggesting high buyer demand for more affordable options.
Q2 2025 brought more listings and more choices, but the market remains fast-moving and price sensitive. Our takeaways for Sellers: pricing strategy and early market momentum matter—homes that sell quickly are fetching the highest prices. Preparation and accurate positioning are key to success. For Buyers: There’s more inventory than last year, but the best homes are still moving fast. If the home is listed, the seller is ready to make a deal. Whether you’re buying or selling, strategy, timing, and clarity on your market segment are what will make the difference.
Click here for the full report and neighborhood-by-neighborhood statistics!
MERCER ISLAND
Mercer Island’s Q2 2025 market remains robust, especially for well-positioned single-family homes. As predicted, those homes that were prepped well and priced strategically found serious buyers quickly—many selling within the first 30 days. 64% of homes sold at or above their list price this quarter, a strong signal that sharp pricing and smart timing paid off.
What’s less visible in the headline numbers is that 38 of the homes listed in Q2 are still active today. This speaks to the importance of days on market as a key driver: homes that sold within the first 10 days (71% of sales) received 102% of asking price, while those on the market longer than 30 days fetched just 96%. A 4% negotiation window suggests buyers are discerning, and sellers may be responding to increased competition while planning for a typical summer slowdown.
With 72 residential sales, Q2 showed a healthy level of activity, but overall urgency softened, leading to downward pressure on pricing. The median sales price slipped to $2,530,000 from $2,937,000 in Q1, showing that the early-year momentum didn’t carry through Spring. Still, when compared to Q2 2024’s $2.5m, pricing has remained remarkably resilient.
Neighborhood standouts: the Westside led the market with strong price per square foot and intense buyer interest – 5 of the 6 homes sold within the first 10 days. The North End saw the highest sales volume with 14 homes sold, proving to be a consistent favorite. The South End offered 7 sales at a reasonable price per square foot of $722 vs. the North End’s $885 per foot.
While the data shows a seller-leaning market, buyer demand is unpredictable. With an uncertain Fall market ahead, sellers should prepare for longer market times, and bring patience along with their listing prep. Buyers, on the other hand, should know that opportunities exist across the island, especially in the condo sector, where activity is softer and pricing may be more approachable for those looking to establish a foothold on Mercer Island.
Click here for the full report and neighborhood-by-neighborhood statistics!
CONDOS – SEATTLE & EASTSIDE
Condos remained an accessible entry point for buyers across our region, with Q2 marking a strong showing. In Seattle, the most robust demand was found in more affordable neighborhoods like South and North Seattle—North Seattle alone saw a 24% jump in median price. Meanwhile, the luxury condo segment in Downtown Seattle moved more slowly, with average price per square foot landing at $794.
On the Eastside, the condo market felt uneven but held its value overall. While pricing trends varied by submarket, Eastside condos continued to outperform Seattle in overall price strength. Woodinville and Redmond stood out with impressive gains, while Mercer Island saw a softer quarter with just four sales and a median price dipping to $618K.
Sales activity rose 7% on the Eastside and 5% in Seattle compared to last year. Homes that sold within the first 10 days garnered the most attention, suggesting well-priced listings are still commanding strong interest. In Seattle, 53% of condos sold at or above list price; on the Eastside, that number climbed to 58%—a clear sign that buyers are negotiating in a competitive environment and pricing remains fluid.
With the single-family market still tight, condos—particularly those priced under $700K—continue to offer buyers a compelling path to homeownership in desirable neighborhoods.
Check out area-by-area details in the full condo report.
WATERFRONT
Lake Sammamish and Eastside waterfront saw a busy Q2 with 13 and 9 sales respectively. After a big Q1, Seattle waterfront sales slowed in Q2 with just 4 sales (as opposed to 10 last quarter). Mirroring the overall market, waterfront saw some softening on price—the vast majority of homes sold at or below their list prices with just a few choice properties attracting bidding wars.
Yarrow Point garnered the largest sale price of $13 million for an immense Cape Cod inspired estate encompassing over half an acre, 7,465 sq. ft. of interior living spaces, and 82 feet of prime low- to no-bank waterfront. Lake Sammamish offered the best bargain—an original 1975 lake house on 1/3 acre with 50 feet of waterfront that was snagged for $2.6 million.
This brief overview of the entire Seattle-Eastside private waterfront market, including Mercer Island and Lake Sammamish, illustrates the trends occurring in our region over time. This data is interesting and insightful but cannot replace an in-depth waterfront analysis with your trusted professional.
View the full waterfront report
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© Copyright 2025, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service and Trendgraphix, and deemed accurate but not guaranteed. Seattle cover photo courtesy of Codi Nelson, by HD Estates Photography. Eastside cover photo courtesy of Fred Fox & Julie Wilson; by Bobby Erdt, Clarity Northwest Photography. Mercer Island cover photo courtesy of Janet Bell & Julie Wilson; by Bobby Erdt, Clarity Northwest Photography. Condo cover photo courtesy of Luke Bartlett, by Kealin Branson, Clarity Northwest Photography. Waterfront cover photo courtesy of Nancy LaVallee, by Amaryllis Lockhart, Clarity Northwest Photography.
