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 |
|---|---|---|---|---|---|---|---|---|
| 1332 S Pearl St | $139,800 | 2 | 1 | 650 | 6,512 sqft | Beacon Hill | $215 | – |
| 1224 S Concord St | $160,000 | 3 | 2 | 1,310 | 6,000 sqft | South Park | $122 | bank owned |
| 3415 SW Kenyon St | $165,000 | 2 | 1 | 630 | 1,932 sqft | Delridge | $262 | – |
Two of the homes from last month have sold or gone pending. Last month’s #3 is still on the market, but was bumped off the top three list by cheaper homes.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 27
Average number of beds: 2.3
Average number of baths: 1.3
Average square footage: 1,050
Average days on market: 55
Inventory shot up in the month, hitting its highest point since February, while the average square footage recovered some ground as well.
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 |
|---|---|---|---|---|---|---|---|---|
| 8707 16th Ave SW | $110,000 | 4 | 1.75 | 1,630 | 5,120 sqft | Delridge | $67 | 09/19/2013 |
| 10711 55th Ave S | $120,000 | 3 | 1 | 960 | 7,350 sqft | Rainier Valley | $125 | 09/20/2013 |
| 12744 42nd Ave NE | $124,422 | 4 | 2 | 2,680 | 14,854 sqft | Lake City | $46 | 09/26/2013 |