King County Real Estate Market Summary for March 2025

🏡 King County Real Estate Market Update – March 2025

The King County housing market is showing early signs of a spring revival—with inventory rising, buyer activity picking up, and prices continuing a steady climb. Whether you’re planning to buy, sell, or just keeping an eye on the market, the latest data from March 2025 offers key insights into where things are headed. In this post, we break down the numbers and what they mean for you, so you can make confident, informed decisions in today’s evolving real estate landscape.

💡 What This Means

For Buyers:

✅ More Choices, Less Frenzy

Inventory is up—+50% for homes, +70% for condos—so you’re less likely to face intense bidding wars. More options = more negotiating power.

📉 Slight Softening in Competition

Homes are still selling quickly (22 days), but not faster than before. Also, homes are selling for slightly less over list price (102.7% vs 103.1%).

📈 Prices Are Rising, But Slowly

Home and condo prices are creeping up, not skyrocketing—this gives you a window to buy before further increases.

🤔 Strategy Tip:

Lock in a property before summer when buyer activity often surges. Condos in particular may offer strong value now compared to last year.

For Sellers:

📈 Strong Prices, But Know Your Market

Median home prices are up 4.3%, and condos even more so—up nearly 12%. That’s solid growth, but not runaway gains.

⏳ More Competition Is Back

With more listings flooding in, it’s crucial to price right and market well. Inventory levels suggest buyers have more choices, so presentation and strategy matter.

📦 Homes Still Move Quickly

Homes are selling in just over 3 weeks on average. If priced and prepped well, you can still sell fast—especially in desirable areas.

💡 Strategy Tip:

List early in the season and highlight what makes your home stand out. With more options on the market, a strong first impression is key.

🧠 Key Takeaways

•📦 Inventory is climbing—but demand is still there.

•📈 Prices are rising at a steady, manageable pace.

•⚖️ The market is shifting from ultra-competitive to more balanced.

•🧭 Buyers have more breathing room; sellers still have the advantage—but it’s narrowing.