Kirkland, WA
Property For sale & Area Information.
Welcome to Kirkland
Kirkland’s real estate market remains highly competitive, driven by its scenic waterfront, proximity to tech giants, and vibrant downtown scene. Despite higher mortgage rates, demand continues to surge, particularly for single-family homes and luxury condos, keeping inventory tight and prices climbing.
Median Home Prices
Single-Family Homes: Median price sits at $1.45 million, up 8% year-over-year (YoY).
Condominiums: Median price at $750,000, a 6% increase YoY.
Luxury Market ($2.5M+): Steady demand, with DOM (Days on Market) averaging 50–70 days—slightly longer than mid-range homes.
Inventory & Market Speed
Supply Crisis: Only 1.2 months of inventory (6 months is balanced).
Days on Market (DOM):
Single-family homes: 7–12 days (often multiple offers).
Condos: 15–25 days.
- Luxury homes: 50+ days (more negotiation flexibility).
Price Reductions: Just 12% of listings, mostly in the luxury segment.
Key Market Dynamics
Seller’s Market: 45% of homes sell above asking price, with bidding wars common in family-friendly areas (Juanita, Finn Hill).
New Construction:
Kirkland Urban expansion (mixed-use luxury condos).
Google’s Kirkland campus growth fueling buyer demand.
Waterfront Premium: Homes near Lake Washington command 20–30% higher prices than inland properties.
Interest Rates & Affordability
Mortgage Rates: ~6.75% (30-year fixed).
Affordability Challenge: A 1.4Mhome∗∗requires∗∗ 1.4Mhome∗∗requires∗∗ 9,200/month (PITI), pushing first-time buyers toward condos/townhomes.
Top Market Drivers
Tech Expansion: Google, Meta, and Amazon employees flock to Kirkland.
Top Schools: Lake Washington School District ranks among WA’s best.
Walkability: Downtown Kirkland’s shops, parks, and eateries attract young professionals.
Future Outlook (2024–2025)
Prices: Expected to rise 4–6% annually, outpacing regional averages.
Inventory: Slight relief with 400+ new condo units (e.g., Kirkland Urban Phase 2).
Luxury Market: Stable but DOM may increase as buyers weigh higher rates.
Conclusion
Kirkland’s market remains one of the most sought-after in the Seattle metro, thanks to its unbeatable lakeside lifestyle, strong job market, and limited land supply. While high prices and rates create challenges, demand shows no signs of slowing, especially in prime neighborhoods (Houghton, Yarrow Point).
Buyers: Prepare for fast-moving deals & aggressive offers.
Sellers: Ideal time to list—low supply = maximum leverage.
Active Listings
Kirkland Properties For Sale
908 1st Street Kirkland, Washington
5 Beds 5 Baths 4,300 SqFt 0.146 Acres
6049 NE 135th Street Kirkland, Washington
4 Beds 4 Baths 6,580 SqFt 0.424 Acres
5917 104th Place NE Kirkland, Washington
5 Beds 7 Baths 5,360 SqFt 0.202 Acres
10229 NE 59th Street Kirkland, Washington
4 Beds 5 Baths 4,760 SqFt 0.424 Acres
5533 106th Avenue NE Kirkland, Washington
6 Beds 6 Baths 6,388 SqFt 0.259 Acres
1411 8th Street W Kirkland, Washington
4 Beds 5 Baths 6,180 SqFt 0.411 Acres
Market Report
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