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 |
|---|---|---|---|---|---|---|---|---|
| 8816 12th Ave S | $114,900 | 2 | 1.5 | 940 | 4,500 sqft | South Park | $122 | bank owned |
| 6213 46th Ave S | $129,900 | 2 | 1 | 790 | 3,000 sqft | Rainier Valley | $164 | bank owned |
| 8709 10th Ave S | $133,000 | 3 | 1 | 860 | 2,250 sqft | South Park | $155 | bank owned |
Number one carries over from last month. Of the other two homes on the list last month, one is pending and the other is disqualified due to the addition of “Rehab Loan” to the financial information section of the listing.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 106
Average number of beds: 2.6
Average number of baths: 1.3
Average square footage: 1,173
Average days on market: 88
Overall inventory declined slightly from last month, but the average square footage and number of bedrooms continued to increase.
Here are a couple of charts to give you a visual of the trend of these numbers since I adjusted the methodology last April:
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 |
|---|---|---|---|---|---|---|---|---|
| 6727 23rd Ave SW | $55,000 | 2 | 1 | 550 | 4,761 sqft | Delridge | $100 | 12/09/2010 |
| 3318 31st Ave SW | $90,000 | 1 | 0.75 | 880 | 1,642 sqft | Admiral | $102 | 12/28/2010 |
| 3416 35th Ave SW | $112,000 | 2 | 1 | 570 | 3,773 sqft | Admiral | $196 | 12/09/2010 |