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 |
|---|---|---|---|---|---|---|---|---|
| 8809 24th Ave SW | $175,000 | 2 | 1.75 | 1,040 | 7,440 sqft | Delridge | $168 | – |
| 1226 S Cloverdale St | $175,000 | 2 | 1.75 | 1,440 | 6,000 sqft | South Park | $122 | – |
| 5133 S Bangor St | $183,000 | 2 | 1 | 820 | 7,200 sqft | Rainier View | $223 | – |
Note that two of those are the same as last month. The one on Bangor St. is new.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 29
Average number of beds: 1.9
Average number of baths: 1.1
Average square footage: 839
Average days on market: 67
Here are the three cheapest homes in terms of dollars per square foot:
| Address | $ / SqFt | Price | Beds | Baths | SqFt | Lot Size | Neighborhood | Notes |
|---|---|---|---|---|---|---|---|---|
| 4629 S Fontanelle St | $88 | $285,000 | 3 | 1.5 | 3,230 | 5,238 sqft | Brighton | – |
| 724 S Rose St | $88 | $212,950 | 4 | 1 | 2,430 | 5,000 sqft | South Park | – |
| 311 26th Ave S | $89 | $309,000 | 3 | 2 | 3,480 | 3,600 sqft | Atlantic | – |
Same as the other list, two are carry-overs from last month. The third one above is new, and the one on Rose St. actually got cheaper than it was a month ago.
The lowest dollars per square foot on a house priced above $500,000 is the same as last month: 210 29th Ave S at $132 $/sqft. $650,000, 6 beds, 4 baths, 4,910 square feet. Guys, it’s been “completely remodeled.” I can’t believe you’re not jumping on this deal.