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 |
|---|---|---|---|---|---|---|---|---|
| 5970 26 Ave SW | $124,900 | 1 | 1 | 540 | 7,388 sqft | Delridge | $231 | bank owned |
| 4127 Delridge Wy SW | $134,500 | 1 | 1 | 580 | 5,000 sqft | Delridge | $232 | bank owned |
| 9420 15th Ave SW | $149,900 | 2 | 1 | 1,030 | 4,575 sqft | Highland Park | $146 | bank owned |
The Kenyon and Cloverdale homes in the top three last month are still on the market at the same price, but have been surpassed in cheapness by new contenders.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 59
Average number of beds: 2.2
Average number of baths: 1.1
Average square footage: 992
Average days on market: 86
Here are the three cheapest homes in terms of dollars per square foot:
| Address | $ / SqFt | Price | Beds | Baths | SqFt | Lot Size | Neighborhood | Notes |
|---|---|---|---|---|---|---|---|---|
| 5329 Wallace St | $82 | $319,900 | 5 | 3 | 3,880 | 35,719 sqft | Rainier Valley | bank owned |
| 10014 1st Ave SW | $82 | $216,900 | 5 | 2.25 | 2,638 | 7,543 sqft | White Center | bank owned |
| 9053 9 Ave SW | $84 | $235,700 | 7 | 2 | 2,790 | 4,780 sqft | Highland Park | bank owned |
The lowest dollars per square foot on a house priced above $500,000 is the same as the last three months: 210 29th Ave S, with another $25,000 price drop since our last update, bringing it down to just $112 per sqft.
Finally, 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 |
|---|---|---|---|---|---|---|---|---|
| 4419 S Rose St | $70,000 | 2 | 1 | 1,290 | 5,200 sqft | Rainier Valley | $54 | 06/14/2010 |
| 3826 S Findlay St | $130,000 | 3 | 1.5 | 1,370 | 2,575 sqft | Columbia City | $95 | 06/25/2010 |
| 4616 S Orcas St | $139,950 | 2 | 1 | 990 | 3,090 sqft | Columbia City | $141 | 06/07/2010 |