Seattle Housing Market Update: June 2026

How the Seattle housing market in June 2026 treated you depended entirely on where you stood. Citywide, the median house price (the middle sale: half sold for more, half for less) slipped 6% from a year ago. Meanwhile, Southeast Seattle houses closed at a median of $989,500, up 11% over the same stretch. In other words, the split between close-in neighborhoods and the broader market, already visible in May, widened into a gap.

Southeast Seattle: Up 11% While Everything Around It Cooled

Southeast Seattle (Mt. Baker, Columbia City, Beacon Hill, Seward Park, Hillman City and Rainier Beach) posted a June median of $989,500 for houses, up 11% from $890,000 last June. Moreover, it did that without a surge in buying: closed sales rose just 2% (46 homes), and the number of homes going under contract matched last year exactly at 56. The difference is supply. While the count of homes for sale across King County grew 16%, Southeast Seattle ended June with 141 listings on the market, precisely the same as a year ago. At the current sales pace, that works out to about two and a half months of inventory, which still tilts toward sellers.

Speed still decides outcomes here. Nearly six in ten June sales (59%) found their buyer in under 15 days, at a median of 101.9% of the original asking price. Homes that sold above asking (30% of sales) averaged only 6 days on market. By contrast, homes that needed a price cut first averaged 67 days. So the first two weeks on market still determine whether a seller captures a premium or hands over leverage.

For buyers, waiting got more expensive here. Even with mortgage rates down to 6.5% from 6.8% a year ago, the monthly payment on the median Southeast Seattle house runs $434 higher than last June, roughly $5,200 a year, because prices rose faster than rates fell. Also worth knowing: about 1 in 5 local sales that reached contract over the past year fell through before closing, so solid financing and clean terms matter as much as the offer price.

Condos are a different story, and a much smaller one. Only six condos closed in Southeast Seattle in June, so the eye-popping 44% jump in the median price to $772,475 is statistical noise, not a trend. Instead, the real signal sits in the supply: condo listings rose from 18 to 31 (up 72%), and five of the six June sales needed a price cut first, averaging 93 days on market. In short, condo sellers here need patience and sharp pricing, while condo buyers finally have both choices and leverage.

I do a lot of open houses in Southeast Seattle, and the data above reflects what I’m seeing in the field. Condo and townhome traffic is quiet, and single-family homes are a mixed bag. As always though, a well-presented, appropriately priced single-family home still draws a lot of eyes.

Seattle Citywide: A Softer June, Read Carefully

Across all Seattle neighborhoods, the median house closed at $1,010,000 in June, down 6% from a year ago. Before that becomes a scary headline, though, context helps: June 2025 was the all-time June peak at $1,079,950, and this June still came in above every prior June except last year. Even so, the direction is real. Closed sales fell 7%, the number of homes going under contract dropped 11%, and supply edged up to 2.3 months of inventory, neutral territory where neither side holds a clear advantage.

Well-prepared homes still move fast. In fact, 65% of June sales found a buyer in under 15 days at essentially full asking price, and 30% of all sales went above asking. However, that 30% is the lowest June reading in at least four years, down from 39% last June. Just over 1 in 4 listings needed a price cut before selling, and homes that sat past 90 days settled for 92% of their original price. Roughly 1 in 6 accepted offers citywide also fails to close, so getting to the finish line takes active management, not just a signature.

Where the softening lands matters too. Sales in the $1M to $1.5M range fell 17% from last year, while the $750K to $999K band, which covers most Southeast Seattle houses, actually rose 7%. That goes a long way toward explaining why this corner of the city keeps outperforming. One seasonal note as well: June has historically been the yearly price peak, with prices typically plateauing from July through fall.

Seattle condos, meanwhile, have moved deeper into buyer’s-market territory (anything much past four months of supply favors buyers, and the city now sits at 5.8). Closings fell 13% and the median slipped 5% to $557,475. Notably, 43% of June condo sales needed a price cut before selling, and those units averaged 102 days on market. As a result, the math improved for buyers: the payment on a median Seattle condo is now about $3,520 a month, roughly $328 less than last June.

King County: More Choices, Softer Prices

Zoom out to the whole county and the cooling is broader. The countywide house median came in at $986,250, down 5%, while the number of homes for sale jumped 16% and supply expanded to 2.6 months. Closed sales slipped only 3%, so buyers are still out there transacting; they simply have far more to choose from. Accordingly, just 26% of county sales closed above asking, and 31% needed a price cut first.

Affordability is the quiet story. Because prices eased while rates fell, the payment on the median county house dropped $527 a month from last June, an 8% improvement. Citywide, the swing is even bigger: a buyer of the median Seattle house is paying $678 a month less than a year ago, about $8,100 a year. County condos push it further still: the median fell 11% to $514,000, and the typical payment is down $517 a month, or 14%. For anyone priced out in 2024 or 2025, the entry math consequently looks better than it has in years.

Put the three geographies side by side and the pattern is unmistakable: the further you get from close-in Seattle neighborhoods, the softer the market. Southeast Seattle is currently the tightest patch in the county, with about two and a half months of supply and no inventory growth, while the county loosens around it.

June 2026 at a Glance

 
*Based on only six closings; small-sample caution applies. Source: NWMLS via Windermere, June 2026 reports.

What This Means for You

• If you’re selling a house in Southeast Seattle: you’re holding the strongest hand in the county, but only if you price to the market on day one. The data is blunt: homes priced right sell within 15 days above asking, while homes that miss average 67 days and a price cut.
• If you’re buying a house: outside Southeast Seattle, you have more leverage than the spring headlines suggested. County inventory is up 16%, so anything sitting past 30 days is a genuine negotiation opportunity. Meanwhile, rates at 6.5% versus 6.8% last year help every payment.
• If you’re condo shopping: this is the best selection in years, in both the city and the county. Because 4 in 10 condo sales needed a price cut before selling, credits, contingencies, and price are all fair asks.
• If you’re a first-time buyer: condo payments have fallen by hundreds of dollars a month in some segments. My first-time buyer guide covers Washington’s down payment programs and how to put this market to work.

The Bottom Line

June 2026 sharpened the divide. Southeast Seattle houses are appreciating at double digits on flat inventory, citywide houses are coming down off last June’s record, and condos across the region now favor buyers outright. Therefore, the right move depends on your block and your property type, not the regional headline. For last month’s picture, see the May update.

Wondering what this market means for your home’s value? I’ll run a free, no-obligation valuation using live neighborhood data, not a Zestimate. Request it here. Or, if you’re buying, reach out and I’ll set up alerts for the neighborhoods and price bands where the data favors you.

Statistics derived from Northwest Multiple Listing Service data via Windermere Real Estate, June 2026. NWMLS data is believed accurate but not guaranteed. This article is general information, not financial advice.