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 |
|---|---|---|---|---|---|---|---|---|
| 7528 16th Ave SW | $114,900 | 2 | 1 | 1,320 | 6,000 sqft | Delridge | $87 | bank owned |
| 8144 12th Ave SW | $115,000 | 4 | 1.5 | 1,370 | 5,182 sqft | Highland Park | $84 | bank owned |
| 4557 34th Ave S | $117,000 | 1 | 1 | 500 | 3,000 sqft | Columbia City | $234 | bank owned |
One of last month‘s homes sold already, one is pending, and one has been disqualified as it now lists “rehab loan” in the financial information part of the listing.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 83
Average number of beds: 2.7
Average number of baths: 1.4
Average square footage: 1,337
Average days on market: 69
Inventory fell just a bit from last month, but beds, baths, and square footage all increased.
Here are our monthly “cheapest homes” charts:
Here are cheapest homes in Seattle that actually sold in the last month in arms-length transactions, 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 |
|---|---|---|---|---|---|---|---|---|
| 5357 S Creston St | $76,000 | 3 | 2 | 2,020 | 6,450 sqft | Rainier Beach | $38 | 12/08/20111 |
| 6536 21st Ave SW | $84,000 | 3 | 1 | 1,060 | 21,344 sqft | Delridge | $79 | 12/21/2011 |
| 3823 17th Ave SW | $95,000 | 1 | 1.0 | 560 | 1,594 sqft | Delridge | $170 | 12/14/2011 |
1 – The MLS says this home is still pending, but public records say it sold on December 8th for $76,000.