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

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




Talk to us

Please share your story tips by emailing editor@seattleweekly.com.

More in News & Comment

File photo
Snow Lake, located near Snoqualmie Pass in Mt. Baker-Snoqualmie National Forest.
Washington releases new forest plan

It outlines ways the state will protect and maintain forest health.

Puget Sound renters will need housing assistance
Puget Sound renters will need housing assistance

Nonprofits, activists are expecting greater need as workers are laid off.

Sage Viniconis is a career performing artist in King County who’s been out of work and seeking creative outlets during the COVID-19 pandemic. Courtesy photo/Sage Viniconis
Puget Sound artists adapt creativity, and business sense, to pandemic

Artists Sunday is an online directory that connects artists across the county, state and nation.

Chris Fagan trekking across Antarctica in 2014. Contributed by Chris Fagan
South Pole or Bust

The story of a North Bend couple who trekked across Antarctica.

King County Council has nine members who each represent a district. Courtesy of kingcounty.gov
King County Council passes $12.59 billion biennial budget

King County Council on Nov. 17 passed a $12.59 billion biennial budget… Continue reading

State Sen. Mark Mullet (D-Issaquah) authored the letter to Gov. Jay Inslee. Mullet represents the 5th Legislative District. File photo
Democratic lawmakers ask Inslee to lift ban on indoor dining

They want to try to scaling back on occupancy before forcing an end to inside service.

Tim Eyman get in some last minute campaigning for I-976 in downtown Bellevue on the afternoon of Nov. 5, 2019. File photo
Eyman fights allegation he repeatedly broke campaign laws

In a lawsuit, the state accuses the prolific initiative promoter of getting kickbacks.

Kabal Gill, owner of East India Grill in Federal Way, wears gloves to hand over take-out orders at his restaurant. File photo
State halts indoor service at bars, restaurants, home guests

Amid soaring new coronavirus cases and an overburdened health care system, the state’s clamping down.

Screenshot from Gov. Jay Inslee’s news conference Nov. 12 with his wife, Trudi.
Inslee to hold news conference to announce new restrictions

Among them, reportedly, will be a ban on indoor service at restaurants and retail limitations.

Jay Inslee (D), left, and Loren Culp (R). File photo
Gov. Inslee surges to big lead as he nears rare third term

Statewide office roundup: Schools chief Reykdal in close contest; Secretary of State Wyman fends off challenge.

Screenshot
Sex education bill Referendum 90 is passing

It will decide whether Senate Bill 5395 will be enacted into law.

Exterior building and signage view from 9th Avenue of Harborview Medical Center in Seattle, WA.
Voters approve $1.74 billion bond for Harborview Medical Center

King County voters are saying yes to upgrades at Harborview Medical Center.… Continue reading