Cheapest Homes: November 2013 Edition

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
751 S Cloverdale St $175,000 2 1.75 700 2,700 sqft South Park $216
9313 53rd Ave S $179,950 2 1 1,610 5,040 sqft Skyway $112
9716 33rd Ave SW $183,750 2 1 798 6,300 sqft Arbor Heights $230 bank owned

All three of last month’s homes have either sold or gone pending. 751 S Cloverdale went from #3 in September to out of the top 3 in October, to #1 this month—all without a price change.

Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 19
Average number of beds: 2.2
Average number of baths: 1.2
Average square footage: 947
Average days on market: 65

Inventory dipped back down in the month, while the size of homes fell.

Here are our usual charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:

Seattle's Cheapest Homes: Stat Trends
Seattle's Cheapest Homes: Stat Trends

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
5429 Renton Ave S $65,000 1 1 770 2,725 sqft Columbia City $84 10/04/2013
8415 10th Ave S $92,499 2 1 1,220 3,500 sqft South Park $76 10/28/2013
8447 46th Ave S $112,000 3 1 1,090 8,580 sqft Rainier Valley $103 10/16/2013
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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.