King County WA Real Estate Market Report for June 2025

Welcome to your King County WA Real Estate Market Report for June 2025, diving into the latest sales figures for May 2025!

What do these numbers mean for you? Let’s break it down together.

Key Highlights from May 2025:

• Median Sales Price: The median sales price for homes in King County was $995,000 last month. This is down from $1,040,000 in April.

• What $995,000 Buys You: We found a two-story, approximately 2,000 sq ft house built in 2005 in the Kennedy neighborhood of Renton that sold for exactly $995,000 last month.

• Average Dollar Per Square Foot: The average price per square foot was $564, a decrease from $575 in April.

• Pending Sales: The number of pending sales saw an increase, reaching 1,977 last month, up from 1,702 in April.

• Sold Price to List Price Ratio: On average, homes are selling very close to their asking price, with a sold price to list price ratio of 100%.

• Average Days on Market: Homes in King County are selling quickly, with an average of 18 days on market.

• Absorption Rate: The absorption rate stands at 2.3 months, meaning that based on current sales rates, it would take about two and a half months to sell all the homes currently for sale in King County.

Whether you're looking to buy, sell, or just stay informed about the King County real estate landscape, this update provides valuable insights into current market trends.

If you have questions or comments about this information, or about the real estate market in general, please don't hesitate to reach out! I would love to hear from you.

Your King County Real Estate Expert: Chris Byler

Phone: 206-601-8945

Email: chrisbyler@windermere.com