Kirkland, WA September 2025 Housing Market
August 2025 was a Seller's market! The number of for sale listings was up 53.1% from one year earlier and down 11.6% from the previous month. The number of sold listings decreased 15.9% year over year and increased 7.1% month over month. The number of under contract listings was down 4.3% compared to previous month and up 32.4% compared to previous year. The Months of Inventory based on Closed Sales was 2.5, up 81.2% from the previous year.
The Average Sold Price per Square Footage was down 3.1% compared to previous month and up 1.5% compared to last year. The Median Sold Price decreased by 5.6% from last month. The Average Sold Price also decreased by 14% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a upward trend, an increase of 118.2% compared to previous year. The ratio of Sold Price vs. Original List Price was 97%, a decrease of 3% compared to previous year.
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It was a Seller's Market
Property Sales (Sold)
August property sales were 90, down 15.9% from 107 in August of 2024 and 7.1% higher than the 84 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 77 units of 53.1%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was down 11.6% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 4.3% in the pended properties in August, with 90 properties versus 94 last month. This month's pended property sales were 32.4% higher than at this time last year.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The August 2025 Average Sold Price per Square Footage of $748 was down 3.1% from $772 last month and up 1.5% from $737 in August of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for August 2025 was 24, up 20% from 20 days last month and up 118.2% from 11 days in August of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 97% was down 1% from last month and down from 3% in August of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Depreciating*
The Average For Sale Price in August was $2,215,000, down 18.5% from $2,719,000 in August of 2024 and down 2.6% from $2,274,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in August was $1,760,000, down 2.4% from $1,804,000 in August of 2024 and down 14% from $2,046,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in August was $1,548,000, down 1.7% from $1,575,000 in August of 2024 and down 5.6% from $1,639,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The August 2025 Months of Inventory based on Closed Sales of 2.5 was increased by 81.2% compared to last year and down 16.7% compared to last month. August 2025 was Seller's market.
Months of Inventory based on Pended Sales
The August 2025 Months of Inventory based on Pended Sales of 2.5 was increased by 18.8% compared to last year and down 7.5% compared to last month. August 2025 was Seller's market.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The August 2025 Absorption Rate based on Closed Sales of 40.5 was decreased by 45.1% compared to last year and up 20.9% compared to last month.
Absorption Rate based on Pended Sales
The August 2025 Absorption Rate based on Pended Sales of 40.5 was decreased by 13.6% compared to last year and up 8% compared to last month.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
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