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 |
|---|---|---|---|---|---|---|---|---|
| 1010 S Trenton St | $95,000 | 2 | 1 | 820 | 12,197 sqft | South Park | $116 | – |
| 9632 54th Ave S | $139,900 | 2 | 1 | 780 | 6,000 sqft | Rainier Beach | $179 | bank owned | 539 S Donovan St | $149,900 | 3 | 2 | 1,480 | 6,000 sqft | South Park | $101 | – |
Number 1 carried on from last month, while last month’s #2 and #3 homes are now pending.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 30
Average number of beds: 2.4
Average number of baths: 1.4
Average square footage: 1,267
Average days on market: 98
Another big hit to inventory, falling 37.5% in a single month. Beds, baths, and square footage were more or less flat.
Here are a couple of charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:
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 |
|---|---|---|---|---|---|---|---|---|
| 8719 10th Ave S | $65,000 | 2 | 1 | 680 | 4,410 sqft | South Park | $96 | 06/07/2012 |
| 7702 Delridge Wy SW | $99,000 | 3 | 1 | 880 | 6,300 sqft | Delridge | $113 | 06/05/2012 |
| 4832 S Chicago St | $100,000 | 4 | 1.5 | 1,560 | 5,007 sqft | Rainier Valley | $64 | 06/22/2012 |