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.

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