King County Housing Market Snapshot | Q1 2026

Overall County Market

Across all housing types in King County, the median sales price reached $850,000 in April 2026. That was down 1.2% from 2025, when the county median reached $860,000, and was flat compared to 2024 at $850,000.

Inventory continued to rise across the county. Homes for sale increased to 6,245 active listings, up 36.7% from 4,567 last year and nearly double the 3,143 homes available in 2024. Closed sales moved in the opposite direction, declining 6.2% year over year to 5,543 sales compared to 5,912 in 2025.

Homes averaged 10 days on market across King County, up from 7 days in 2025 and 6 days in 2024, representing a 42.9% increase year over year. Sellers still received strong pricing overall, averaging 100% of original list price for the third straight year. Median showings to pending reached 10, down from 11 last year and 13 in 2024, showing buyers are taking slightly more time before committing compared to prior years.

New Construction

King County new construction pricing continued to hold relatively steady this quarter. The median sales price for newly built homes reached $969,925, up 0.3% from 2025 and up from $909,900 in 2024.

Inventory growth remained significant within the new construction segment. Homes for sale increased to 1,097 active listings, up 25.5% year over year and up substantially from 650 listings in 2024. Despite the rise in available inventory, closed sales declined to 784 transactions, down 11.9% from 2025 and down from 999 sales in 2024.

New construction homes also took longer to sell this year. Median days on market increased to 23 days compared to 17 days in 2025 and 15 days in 2024, representing a 35.3% year over year increase. Sellers received an average of 99.4% of original list price, slightly below the 100% averages seen in both prior years. Median showings to pending held steady at 7 this year after declining from 8 in 2024.

Condos

The condo market showed one of the softest shifts among all housing types this quarter. Median condo pricing declined to $549,995, down from $595,000 during the same period last year. Inventory expanded significantly with 1,975 condos available for sale compared to 1,592 last year and just 938 two years ago.

Closed condo sales also slowed, dropping to 1,294 sales compared to 1,511 last year. Median days on market increased to 22 days while sellers averaged 98.1% of original list price. Buyer activity has also become less competitive overall, with median showings to pending declining from 9 to 6 over the past two years.

While condos remain one of the more affordable ownership opportunities in King County, buyers currently have substantially more options and negotiating power than they did during previous spring markets.

Townhomes

King County townhomes remained relatively stable in pricing this quarter despite a large increase in inventory. Median sales price held steady at $785,000 compared to last year, although active inventory climbed sharply to 1,015 available townhomes, up nearly 50% year over year.

Closed sales slowed modestly with 741 townhomes sold compared to 853 last year. Median days on market increased to 20 days while sellers averaged 99% of original list price. Buyer competition also softened slightly, with median showings to pending declining from 11 to 7 over the past two years.

Even with higher inventory levels, townhomes continue to hold pricing better than the condo segment overall, likely due to continued demand from buyers looking for more space without entering the detached luxury housing market.

Residential Resale

Residential resale homes across King County remained one of the strongest performing segments this quarter. Median pricing reached $910,000, down slightly from last year’s $940,000 but still above 2024 levels overall.

Inventory growth continued to expand meaningfully with 1,504 resale homes available for sale, up nearly 49% year over year. Even with increased supply, buyers remained active enough to keep pricing relatively stable and seller concessions fairly limited. Sellers averaged 100% of original list price this quarter.

Closed sales remained relatively consistent year over year, slipping only slightly from 2,454 sales last year to 2,415 this quarter. Median days on market increased modestly to 6 days while median showings to pending moved from 13 to 12, signaling a market that is still active but no longer operating at the extremely compressed pace seen during previous competitive cycles.

Hyper Local Market Reports

County trends tell the broader story, but real estate decisions are made at the local level. A county average cannot fully explain what buyers and sellers are experiencing within a specific city, neighborhood, school district, or price range.

If you want a more detailed breakdown of local pricing trends, inventory movement, buyer behavior, and housing activity, explore my monthly city market reports below.
Everett Market Reports
Bellevue Market Reports
Bothell Market Reports
Lake Stevens Market Reports
Lynnwood Market Reports
Marysville Market Reports
Snohomish Market Reports

If you are planning a move within King County, understanding how your specific housing type is behaving in today’s market matters far more than broad headlines alone.

My approach is centered around market clarity, pricing strategy, and helping buyers and sellers make informed decisions using real housing data rather than pressure or hype.

If you prefer a more analytical and consultative approach to real estate, I’m always happy to talk through the numbers with you.

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Connect with Brandice Raybourn
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425-367-3881

Brandice Raybourn is a real estate broker covering Snohomish County and North King County with a focus on local housing trends and market data.

Market Reports

Data sourced from NWMLS and updated quarterly.