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Cheapest Homes: November 2014 Edition

Posted on November 5, 2014November 5, 2014 by The Tim

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
4806 S Rose St $160,000 2 2 850 4,750 sqft Rainier Valley $188 bank owned
1023 S Sullivan St $169,500 3 1 910 3,960 sqft South Park $186 bank owned
8852 13th Ave SW $170,000 2 1 640 4,452 sqft Delridge $266 bank owned

Only one home from last month (#2) has since gone pending.

Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 15
Average number of beds: 2.3
Average number of baths: 1.3
Average square footage: 1,154
Average days on market: 82

Inventory of non-short sale homes under $200,000 in Seattle dipped slightly from October to November, following the same trend as overall inventory in the county. Beds and baths both inched up, square footage was basically flat, and days on market shot up.

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
4414 S Bateman St $162,500 1 1 760 6,141 sqft Rainier Valley $214 10/30/2014
7926 44th Place S $167,000 3 1 1,540 5,508 sqft Rainier Valley $108 10/24/2014
2201 S Eddy St $180,000 2 1 860 7,215 sqft Beacon Hill $209 10/31/2014

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Next Post:
Cheapest Homes: October 2014 Edition
Previous Post:
Cheapest Homes: December 2014 Edition

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