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Cheapest Seattle Homes: December Edition

Posted on December 3, 2009June 2, 2010 by The Tim

Let’s check in again on the cheapest homes around Seattle proper. For methodology and a brief explanation of the reasoning behind this series, hit the April post.

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
8523 Dallas Ave S $108,000 2 1 900 3,480 sqft South Park $134 Bank-Owned
11026 Park View Ave S $130,000 3 1 980 8,060 sqft Rainier Valley $133 Short Sale
11403 71 Pl S $155,000 2 1 820 5,640 sqft Rainier Valley $189 Short Sale

Here’s the current status of September’s top 3:

  1. 8523 Dallas Ave S: Still on market @ $108k
  2. 9444 15th Ave SW: Sale pending
  3. 526 S Concord St: Delisted

Stats snapshot for Seattle Single-Family Homes Under $200,000
Total on market: 34
Average number of beds: 2.2
Average number of baths: 1.2
Average square footage: 928
Average days on market: 117

Here are the three cheapest homes in terms of dollars per square foot:

Address $ / SqFt Price Beds Baths SqFt Lot Size Neighborhood Notes
4706 S Orcas St $86 $225,000 4 1 2,620 3,645 sqft Rainier Valley –
9227 8th Ave S $87 $159,950 2 1 1,840 5,400 sqft South Park Short Sale
11411 60th Ave S $96 $284,900 4 2.75 2,960 9,428 sqft Bryn Mawr-Skyway Bank Owned

Three of the six homes on our two lists are in Rainier Valley, and two are in South Park. Looks like you should know what neighborhoods to target for the cheapest homes…

Here’s the last bonus: The lowest dollars per square foot on a house priced above $500,000: 322 23rd Ave E at $134 $/sqft. $549,000, 6 beds, 3 baths, 4,100 square feet. “Remodeled 1901 Farmhouse.” On the market for just under a month.

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Next Post:
Cheapest Seattle Homes: September Edition
Previous Post:
Cheapest Seattle Homes: March Edition

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