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 | $99,900 | 2 | 1 | 1,320 | 6,000 sqft | Delridge | $76 | bank owned |
| 1010 S Trenton St | $106,000 | 2 | 1 | 820 | 12,197 sqft | South Park | $129 | – |
| 4412 S Kenyon | $124,000 | 2 | 1 | 1,640 | 2,925 sqft | Rainier Valley | $76 | bank owned |
Two of last month’s homes stayed on the list to this month, while the third has gone pending.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 64
Average number of beds: 2.6
Average number of baths: 1.4
Average square footage: 1,255
Average days on market: 74
Big drop in inventory, as well as a decrease in the average square footage.
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 |
|---|---|---|---|---|---|---|---|---|
| 8805 16th Ave SW | $50,469 | 2 | 1 | 740 | 5,120 sqft | Delridge | $68 | 03/12/2012 |
| 4429 Rainier Ave S | $80,000 | 2 | 1 | 1,250 | 3,000 sqft | Rainier Valley | $64 | 03/20/2012 |
| 4716 26th Ave SW | $82,500 | 2 | 1 | 1,030 | 4,800 sqft | Delridge | $80 | 03/29/2012 |