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 |
|---|---|---|---|---|---|---|---|---|
| 9633 59th Ave S | $159,900 | 2 | 1 | 690 | 4,176 sqft | Rainier Valley | $232 | bank owned |
| 10620 55th Ave S | $172,000 | 3 | 1 | 1,422 | 5,240 sqft | Rainier Valley | $121 | – |
| 10717 55th Ave S | $189,000 | 3 | 1 | 1,100 | 7,350 sqft | Rainier Valley | $172 | bank owned |
It’s a clean sweep by Rainier Valley this month, as the prices of the cheapest non-dump homes climbs up closer to the $200,000 mark.
Two of last month’s homes have gone pending, while the third was taken off the market without selling.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 12
Average number of beds: 2.6
Average number of baths: 1.4
Average square footage: 1,332
Average days on market: 114
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 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 |
|---|---|---|---|---|---|---|---|---|
| 7928 13th Ave SW | $165,000 | 3 | 1 | 1,520 | 4,000 sqft | Delridge | $109 | 12/08/2014 |
| 8459 50th Ave S | $175,000 | 0 | 1 | 1,521 | 2,500 sqft | Rainier Valley | $115 | 12/30/2014 |
| 4233 S Kenyon St | $177,000 | 2 | 1 | 1,350 | 6,479 sqft | Rainier Valley | $131 | 12/12/2014 |