Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of the market at a given time. Also, just because a home makes it onto the “cheapest” list, that does not indicate that it is a good value.
Here are this month’s three cheapest single-family homes in the city limits of Seattle (according to Redfin):
| Address | Price | Beds | Baths | SqFt | Lot Size | Neighborhood | $ / SqFt | Notes |
|---|---|---|---|---|---|---|---|---|
| 5970 26th Ave SW | $114,900 | 1 | 1 | 540 | 7,388 sqft | Delridge | $213 | bank owned |
| 9420 15th Ave SW | $136,900 | 2 | 1 | 1,030 | 4,575 sqft | Highland Park | $133 | bank owned |
| 5510 S Leo St | $140,000 | 2 | 1 | 580 | 4,845 sqft | Rainier View | $241 | – |
26th Ave and 15th Ave from last month carried over into this month. The third home on last month’s list is currently pending.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 79
Average number of beds: 2.2
Average number of baths: 1.2
Average square footage: 1,045
Average days on market: 91
Here are cheapest homes in Seattle that actually sold in the last month, regardless of condition (since most off-market homes don’t have much info available on their condition).
| Address | Price | Beds | Baths | SqFt | Lot Size | Neighborhood | $ / SqFt | Sold On |
|---|---|---|---|---|---|---|---|---|
| 2832 NW 63rd St | $75,000 | 3 | 2 | 1,100 | 5,000 sqft | Ballard | $68 | 07/22/2010 |
| 7433 48th Ave S | $90,000 | 2 | 2 | 1,160 | 5,456 sqft | Brighton | $76 | 07/14/2010 |
| 938 24th Ave S | $126,000 | 3 | 1 | 1,130 | 4,000 sqft | Columbia City | $112 | 07/19/2010 |