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 |
|---|---|---|---|---|---|---|---|---|
| 11762 Beacon Ave S | $119,900 | 3 | 1.5 | 1,500 | 4,500 sqft | Rainier Valley | $80 | bank owned |
| 8816 12th Ave S | $127,000 | 2 | 1.5 | 940 | 4,500 sqft | South Park | $135 | bank owned |
| 7941 15th Ave SW | $130,000 | 2 | 1 | 1,240 | 4,000 sqft | Highland Park | $105 | bank owned |
Numbers one and two above are carry-overs from last month, but with new, even-lower prices. The third home that made the cut last month is still on the market, but since they haven’t dropped their price, they dropped off the list.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 113
Average number of beds: 2.5
Average number of baths: 1.3
Average square footage: 1,143
Average days on market: 89
Even while the overall inventory of homes on the market decreases, the number of homes below the $200,000 mark continues to grow—up 18% since last month. The average square footage of the cheapest homes grew again as well.
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 |
|---|---|---|---|---|---|---|---|---|
| 5147 S Creston St | $53,035 | 2 | 1 | 910 | 7,449 sqft | Rainier Valley | $58 | 11/10/2010 |
| 8454 9th Ave SW | $120,000 | 3 | 1 | 1,950 | 4,880 sqft | Highland Park | $62 | 11/17/2010 |
| 1918 S Waite St | $150,279 | 2 | 1 | 700 | 4,000 sqft | Greater Duwamish | $215 | 11/22/2010 |