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 |
|---|---|---|---|---|---|---|---|---|
| 4611 13th Ave S | $155,000 | 2 | 1 | 560 | 4,000 sqft | Beacon Hill | $277 | – |
| 9323 54th Ave S | $158,400 | 3 | 1.5 | 1,680 | 5,500 sqft | Rainier Beach | $94 | bank owned | 8416 18th Ave SW | $159,900 | 3 | 1 | 1,000 | 5,120 sqft | Delridge | $160 | bank owned |
All three homes from last month are either pending or sold. This month’s homes are some of the most expensive “cheapest homes” we’ve seen since we started the series.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 34
Average number of beds: 2.3
Average number of baths: 1.2
Average square footage: 1,288
Average days on market: 79
The first increase in inventory since March, but the average beds and baths both fell again, as did the days on market.
Here are a couple of charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:
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 |
|---|---|---|---|---|---|---|---|---|
| 1010 S Trenton St | $75,000 | 2 | 1 | 820 | 12,000 sqft | South Park | $91 | 07/19/2012 |
| 7528 16th Ave SW | $99,900 | 2 | 1 | 1,320 | 6,000 sqft | Delridge | $76 | 07/20/2012 |
| 5957 18th Ave SW | $101,000 | 2 | 1 | 720 | 6,604 sqft | Delridge | $140 | 07/13/2012 |
Number one up there was on our list for a few months, number two was up here in June.