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 |
|---|---|---|---|---|---|---|---|---|
| 1617 SW Holden St | $159,900 | 2 | 1 | 740 | 5,160 sqft | Delridge | $216 | – |
| 815 SW Cloverdale St | $168,000 | 2 | 1 | 1,210 | 1,675 sqft | Delridge | $139 | – |
| 751 S Cloverdale St | $175,000 | 2 | 1.75 | 700 | 2,700 sqft | South Park | $216 | – |
Only one home from last month has sold or gone pending. Last month’s #2 and #3 moved up to #1 and #2 this month.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 18
Average number of beds: 2.2
Average number of baths: 1.3
Average square footage: 962
Average days on market: 51
Inventory dipped back down again month, while the average square footage dropped below 1,000 for the first time since July 2010.
Here are our usual 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 |
|---|---|---|---|---|---|---|---|---|
| 7935 50th Ave S | $60,000 | 3 | 1 | 1,160 | 9,000 sqft | Rainier-Valley | $52 | 08/14/2013 |
| 2007 S Juneau St | $80,000 | 4 | 1.75 | 1,320 | 10,240 sqft | Beacon Hill | $61 | 08/23/2013 |
| 8433 55th Ave S | $135,000 | 4 | 2.25 | 2,620 | 6,500 sqft | Rainier-Valley | $52 | 08/29/2013 |