A house in Wallingford you probably can’t afford. Photo via Wikipedia

You Can’t Afford It: 40 Percent of All Homes for Sale in Seattle Are Listed at More Than $1 Million

But, hey, at least it’s not Mercer Island.

Confirmed: You can’t afford a house in Seattle.

The real estate website Estately has released a report showing that nearly 40 percent of all houses on the market in Seattle are listed at more that $1 million. What’s more, by this metric, Seattle ranks only 10th among King County cities.

If you’re selling a house in Mercer Island, it is quite likely that it costs at least $1 million— as in 95 percent likely. Bellevue is second with with 81 percent and Sammamish third with 66.7.

The data is drawn from February listings, meaning it’s a snapshot in time. According to the data, no house in SeaTac, Maple Valley, and Kenmore were listed at more than $1 million.

If it makes you feel better, buying a house in King County is pricey but still not as bad as in California.

According to a 2016 Coldwell Banker Home Listing Report, the Golden State monopolizes the top-10 of most expensive real state markets in the U.S. Bellevue, with an average of roughly $1.08 million, comes as No. 20 and Seattle is No. 94 with a $.73-million average.

 photo febseattlestats_zpsxvxu9n26.png

More in News & Comment

South King Fire helps local animal rescue with puppy transport

Seattle-based nonprofit Resilient Hearts Animal Sanctuary helps rescue and re-home animals from high risk situations and fosters loving relationships along the way.

If passed, Senate Bill 6254 would limit the nicotine concentration of vape products, ban certain flavoring chemicals and require vape manufacturers, distributors and retailers to obtain licenses from the Washington State Liquor and Cannabis Board. File photo
Lawmakers propose sweeping regulations for vaping industry

Bill supporters cite concerns over health issues and teen use.

Former Todd Beamer High School nurse charged with child rape, sexual misconduct of 3 students

51-year-old Mark David Glenn, of Auburn, posted bail and was released from jail.

Honks, waves, flags and flowers for Everett’s tattooed patriot

Fans have been honoring Samiu Bloomfield, who died Sunday, at his favorite corner on Broadway.

Twin sisters do makeover magic to local homes in HGTV series

New “Unsellable Houses” focuses on transforming modest Snohomish County homes into hot properties.

A proposal by Senate Democrats would require concealed pistol license applicants in Washington state to complete a safety course. File photo
Democrats seek firearm training requirement for concealed carriers

Republican senator calls proposal ‘unconstitutional.’

Snohomish County man is first U.S. case of new coronavirus

A man in his 30s was hospitalized in Everett after contracting the virus during a trip to China.

Matt Marshall, leader of the Washington Three Percenters gun rights group, addresses a crowd rallying for Second Amendment rights Jan. 17 at the state Capitol in Olympia. Marshall condemned Republican leadership in the House of Representatives, which expelled Rep. Matt Shea from the Republican Caucus. Marshall announced his candidacy for the 2nd District seat held by House Minority Leader J.T. Wilcox. Photo by Cameron Sheppard, WNPA News Service
Gun rights advocates rally at Capitol

Criticism levied at Matt Shea investigation, Republican leadership.

Washington State Attorney General Bob Ferguson (center) announced a lawsuit against Johnson & Johnson in a press conference Jan. 2. Debbie Warfield of Everett (left) lost her son to a heroin overdose in 2012. Skagit County Commissioner Lisa Janicki (right) lost her son to an overdose of OxyContin in 2017. They are joined by Rep. Lauren Davis of Shoreline (second from right), founder of the Washington Recovery Alliance. (TVW screenshot)
AG Bob Ferguson talks lawsuits, gun control

Washington state Attorney General stopped by Sound Publishing’s Kirkland office.

Most Read