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 |
|---|---|---|---|---|---|---|---|---|
| 1023 S Sullivan St | $160,000 | 3 | 1 | 910 | 3,960 sqft | South Park | $176 | bank owned |
| 9655 54th Ave S | $161,600 | 3 | 1 | 1,044 | 4,810 sqft | Rainier Valley | $155 | bank owned |
| 7807 46th S | $175,000 | 4 | 1 | 1,250 | 4,500 sqft | Rainier Valley | $140 | – |
You might recognize the #3 home this month from our most recent edition of Real Actual Listing Photos. It’s been on the market for 61 days, but was not quite in the top 3 cheapest homes last month. This is the only listing photo:
One of last month’s homes has gone pending, while another was taken off the market.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 12
Average number of beds: 2.4
Average number of baths: 1.2
Average square footage: 1,136
Average days on market: 78
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:
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 |
|---|---|---|---|---|---|---|---|---|
| 1412 S Cloverdale St | $113,500 | 2 | 1 | 1,410 | 6,000 sqft | South Park | $80 | 11/04/2014 |
| 11024 Beacon Ave S | $135,900 | 2 | 1 | 760 | 3,800 sqft | Rainier Valley | $179 | 11/20/2014 |
| 5704 S Leo St | $150,000 | 5 | 1.5 | 2,320 | 7,242 sqft | Rainier Valley | $65 | 11/14/2014 |