Market Trends From Around The Sound: Q3-2025
Realogics Sotheby’s International Realty presents Market Trends From Around the Sound, the latest quarterly report examining all of the most relevant data from 13 of the Puget Sound region’s communities. Through year-over-year analysis of Q3, the report analyzes everything from median sales prices to the number of sales. The data paints a picture of where the market trends landed and how they differed from the same time last year.
Most communities saw a significant increase in the number of homes listed for sale, signifying a boost in seller activity. However, despite the rise in listings, all except two markets analyzed remained seller’s markets. Homes generally were on the market for a longer period of time compared to Q3-2024, indicating that buyers did not feel pressured to make quick decisions while searching for their ideal property.
As the market continues to evolve, the best way to stay prepared and find success is to understand the trends. RSIR’s Global Real Estate Advisors are prepared with the market knowledge and strategies to navigate you through the shifting market conditions. Reach out to our team today to begin planning your next move.
Seattle | Single-Family Homes
For homebuyers searching for their ideal in-city residence, Seattle’s market awaits, and with even more homes for sale in Q3-2025 than there were in Q3-2024, the market was ideal for those who have been waiting for a boost in inventory.
Bainbridge Island | Single-Family Homes
During Q3-2025, buyers appeared even more motivated than the previous year to purchase single-family homes on the island, as evidenced by the 4.59% year-over-year increase in homes sold.
Eastside | Single-Family Homes
As we examine the Eastside year-over-year changes, one of the most notable differences between Q3-2024 and Q3-2025 can be found in the number of homes for sale, which was up by 63.57% year-over-year from 711 to 1,163 homes.
Mercer Island | Single-Family Homes
With the highest median sales price ($2,413,000) of any of the communities analyzed in our reporting, Mercer Island’s luxury properties create a unique market, one with less inventory, higher sales prices, and less activity than more affordable areas.
Gig Harbor | Single-Family Homes
The Gig Harbor real estate market has seen price growth over the past three years’ third quarters, with the median sales price increasing by 13.33% between Q3-2023 and Q3-2024 and 2.47% between Q3-2024 and Q3-2025.
King County | Single-Family Homes
There was more inventory to choose from in the county during Q3-2025, with a 26.49% year-over-year increase in homes for sale and 2.5 months of supply to explore.
Seattle | Condominiums
The market’s popularity continued in Q3-2025, with a 9.63% year-over-year increase in homes sold. The number of homes for sale was also up year-over-year, increasing 14.16%.
Eastside | Condominiums
The biggest difference between the data’s third quarters was seen in the number of homes for sale, increasing 38.13% year-over-year from 396 homes to 547 homes.
Kitsap County (Excluding Bainbridge Island) | Single-Family Homes
In our examination of Kitsap County (which is analyzed separately in our reporting due to the market’s unique nature compared to the rest of the county), we observed generally more seller activity and less buyer activity.
Island County | Single-Family Homes
The idyllic Island County saw an increase in prices, inventory, and activity during Q3, creating a landscape where both buyers and sellers found success on their real estate journeys. The most significant difference between Q3-2024 and Q3-2025 data was found in the number of homes for sale.
Pierce County | Single-Family Homes
With the second-lowest median sales price of the single-family communities analyzed in our reporting (following Kitsap County with Bainbridge Island excluded), Pierce County opens the door to more buyers.
Snohomish County | Single-Family Homes
Although inventory was up and pricing remained stable (with less than 1% year-over-year change), buyers were still cautious to make their moves, as evidenced by the 7.7% decrease in the number of homes sold and the 32-day average that homes spent on the market.
Cle Elum | Single-Family Homes
Although sellers had to practice patience when listing their homes, they were rewarded with price appreciation. The median sales price increased 10.57% year-over-year from $816,000 to $738,000.
