Overview:
Despite an increase in available homes, Seattle's housing market remains largely unaffordable due to record-high mortgage rates. This financial strain is prompting prospective buyers to consider relocating beyond urban centers, particularly with the flexibility of remote work. According to Realtor.com's Cross-Market Demand Report, Spokane, WA, emerges as the top choice for Seattle residents seeking homes, followed by Portland, OR, Coeur d'Alene, ID, Bremerton, WA, Phoenix, AZ, Kennewick, WA, Olympia, WA, Yakima, WA, Port Angeles, WA, and Bellingham, WA.
Written by Stacker
Home prices are largely starting to normalize across the country, but remain high even as more homes come to the market.
Record-high mortgage rates are keeping homes largely unaffordable for most buyers. Even a percentage point increase can increase a monthly mortgage payment by more than $100.
That’s causing potential homeowners to expand their searches outside costly urban cores, especially when they can work from home.
Stacker examined data from Realtor.com’s Cross-Market Demand Report to see where people in Seattle are looking to buy homes. View share is based on page views of active listings during the fourth quarter of 2024 on Realtor.com. It does not include international viewers.
#10. Port Angeles, WA
– View share: 1.4%
– Median listing price: $550,000
– Median listing price per square foot: $315
#9. Yakima, WA
– View share: 1.5%
– Median listing price: $410,000
– Median listing price per square foot: $239
#8. Bellingham, WA
– View share: 1.6%
– Median listing price: $650,000
– Median listing price per square foot: $391
#7. Olympia, WA
– View share: 2.1%
– Median listing price: $594,958
– Median listing price per square foot: $292
#6. Kennewick, WA
– View share: 2.1%
– Median listing price: $509,875
– Median listing price per square foot: $268
#5. Phoenix, AZ
– View share: 2.2%
– Median listing price: $512,450
– Median listing price per square foot: $276
#4. Bremerton, WA
– View share: 2.2%
– Median listing price: $639,988
– Median listing price per square foot: $311
#3. Coeur d’Alene, ID
– View share: 3.1%
– Median listing price: $722,500
– Median listing price per square foot: $351
#2. Portland, OR
– View share: 5.7%
– Median listing price: $598,725
– Median listing price per square foot: $318
#1. Spokane, WA
– View share: 8.7%
– Median listing price: $479,948
– Median listing price per square foot: $233
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 306 metros.
