A home in Seattle metro area costs $595,000 less than in Silicon Valley

If you’re wondering why Silicon Valley tech workers are flocking to Seattle – and why Valley companies are opening and expanding their offices here – home prices are a good place to look.

The median home price in the Seattle metro area, which includes Tacoma and Bellevue, rose 7.8 percent compared to the previous quarter to $385,000 according to new data this week released from the National Association of Realtors. And while the implications of a jump that large should not be ignored, when you compare Seattle to other fast-growing regions, it looks downright affordable.

The San Jose metro area topped the list as the most expensive market, with a median home price of $980,000. San Francisco wasn’t far behind, with

Bottom of Form

The Seattle housing market is hot right now. The supply of available homes has hit record lows and as a result, home prices are increasing dramatically. Buyers routinely enter into bidding wars and homes often sell for significantly more than the asking price.

That’s worth it, though, if you’re a tech worker looking for an affordable home in a city full of tech jobs.

The Seattle metro area’s median home price was just a little more than the median home price for the entire Western part of the country, which was $325,200. The national median home price was $229,400, which is up more than 8 percent.

Emily Parkhurst, Puget Sound Business Journal

Leave a Reply

Your email address will not be published. Required fields are marked *


Obtain a quote

Discover your options by requesting a free note analysis

The only way to decide what is best for your situation is to know the options available.

When you request a free note analysis it reveals the current market value of your payments – similar to what a real estate appraisal provides for real property. Sometimes referred to as a “note appraisal” or “request for quote,” it lets you know how much your future payments are worth in cash dollars today!