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 |
|---|---|---|---|---|---|---|---|---|
| 3202 S Portland St | $155,000 | 3 | 2 | 1,020 | 5,000 sqft | Beacon Hill | $152 | bank owned |
| 751 S Cloverdale St | $175,000 | 2 | 1.75 | 700 | 2,700 sqft | South Park | $216 | – |
| 3038 S Holden St | $180,000 | 2 | 1 | 660 | 5,000 sqft | Beacon Hill | $273 | bank owned |
The #1 home from last month is now pending, while the #3 home was just taken off the market without selling. 751 S Cloverdale St lingers on.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 16
Average number of beds: 2.5
Average number of baths: 1.4
Average square footage: 1,065
Average days on market: 76
Inventory of cheap homes started inching up March, but we’re still a long way from the 100+ highs set in late 2010 / early 2011. The average number of beds, baths, square footage, and days on market all increased in the month as well.
Here are our usual 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 |
|---|---|---|---|---|---|---|---|---|
| 3843 17th Ave SW | $68,150 | 1 | 1 | 740 | 2,500 sqft | Delridge | $92 | 02/26/2014 |
| 11809 57th Ave S | $85,000 | 2 | 1 | 1,910 | 7,200 sqft | Rainier Valley | $45 | 02/18/2014 |
| 9667 54th Ave S | $134,000 | 1 | 1 | 1,130 | 5,227 sqft | Rainier Valley | $119 | 02/07/2014 |