Seattle Housing Market & Real Estate Update (Feb. 26, 2026)
Seattle, WA – February 26, 2026 – Seattle’s market stayed competitive but slower: flat-ish prices, longer days on market, steady listings, and rates near 6%.
Seattle’s housing market continued to feel competitive, but noticeably slower. Recent city-level dashboards pointed to pricing that looked roughly flat year over year, homes taking longer to sell, and inventory that remained meaningful heading toward spring.
Top takeaways
- Pricing looked flat-ish year over year: Redfin’s January 2026 median sale price was $795K.
- Homes took longer to move: Redfin showed a 62-day median days on market in January (up 16 days year over year).
- Inventory stayed meaningful: Zillow reported 1,640 homes for sale and 356 new listings as of January 31, 2026.
- Mortgage rates remained a headwind: Freddie Mac’s 30-year fixed average was 6.11% on Feb. 5, 2026.
Market snapshot
Redfin reported 391 homes sold in January 2026, a 8.2% year-over-year decline. On the valuation side, Zillow’s typical home value for Seattle was $837,193, down 2.1% over the past year (data through Jan. 31, 2026).
What to watch next
With spring approaching, watch whether the flow of new listings turns into more accepted offers, or whether buyers stay rate-sensitive and push harder on price and concessions. The combination of longer time on market and mortgage rates around the low-6% range will likely stay central to negotiations.
What are you seeing right now: more price cuts, more bidding, or more “wait and see” from buyers?