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 |
|---|---|---|---|---|---|---|---|---|
| 4716 26th Ave SW | $94,900 | 2 | 1 | 1,030 | 4,800 sqft | Delridge | $92 | bank owned |
| 5042 31st Ave S | $95,000 | 2 | 1 | 880 | 7,176 sqft | Beacon Hill | $108 | bank owned |
| 4515 S Findlay St | $99,900 | 2 | 1 | 750 | 2,964 sqft | Columbia City | $133 | – |
All three of last month‘s homes are currently pending.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 87
Average number of beds: 2.5
Average number of baths: 1.3
Average square footage: 1,236
Average days on market: 78
Slight increase in inventory, decrease in beds and square footage, and increase in days on market. Baths held steady.
Here are our monthly “cheapest homes” charts:
Here are cheapest homes in Seattle that actually sold in the last month in arms-length transactions, 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 |
|---|---|---|---|---|---|---|---|---|
| 1818 N 137th St | $85,800 | 2 | 1.0 | 840 | 5,720 sqft | Haller Lake | $102 | 11/14/2011 |
| 522 S Concord St | $90,500 | 1 | 1 | 420 | 6,000 sqft | South Park | $215 | 11/08/2011 |
| 1211 S Henderson St | $112,000 | 2 | 1.0 | 1,320 | 8,520 sqft | South Park | $85 | 11/15/2011 |
Hey look at that. Number two up there is a bit familiar, as it hung out on our top three on-market list from June all the way through October. I have to say, I’m surprised someone would pay $215 per square foot for what looked like a one-car garage converted into a tiny house.