Renton, WA
Property For sale & Area Information.
Welcome to Renton
Renton’s real estate market offers a compelling mix of affordability, convenience, and growth, attracting buyers priced out of Seattle and the Eastside. With its strategic location near I-405, I-5, and Seattle-Tacoma International Airport, along with major employers like Boeing and Providence Health, Renton remains a hotspot for first-time buyers, investors, and commuters. Despite rising mortgage rates, demand continues to outstrip supply, keeping the market favorably tilted toward sellers.
Median Home Prices
Single-Family Homes: Median price at $775,000, up 6% year-over-year (YoY).
Condos/Townhomes: Median price at $525,000, a 5% YoY increase.
Luxury Market ($1.2M+): Steady demand in waterfront & highland areas (e.g., Newcastle, Kennydale), with DOM averaging 40–60 days.
Inventory & Absorption
Supply: Extremely tight at 1.1 months of inventory (balanced market = 6 months).
Days on Market (DOM):
Single-family homes: 8–14 days (competitive offers common).
Condos/Townhomes: 15–25 days.
Price Reductions: Only 10% of listings, mostly in luxury or overpriced segments.
Market Dynamics
Seller’s Market: 25% of homes sell above list price, especially in desirable neighborhoods like Fairwood & Renton Highlands.
New Development: Mixed-use projects (e.g., The Landing) attract young professionals.
Investor Activity: Strong interest in multi-family & rental properties due to high demand.
Interest Rates & Affordability
Mortgage Rates: 6.5–7% for 30-year fixed loans.
Affordability Edge: A 775Khome∗∗requires∗∗ 775Khome∗∗requires∗∗ 5,200/month (mortgage + taxes), making Renton a relative bargain vs. Bellevue/Seattle.
Key Market Drivers
Location: Central to Seattle, Bellevue & South King County job centers.
Economic Growth: Expansion of Boeing, IKEA, & tech spillover from the Eastside.
Transit Access: Future Link light rail expansion (2025+) boosting appeal.
Future Outlook (2024–2025)
Prices: Expected to rise 4–6% annually, outpacing regional averages.
Inventory: Slight relief from new townhome projects, but demand will keep pressure high.
Luxury Market: Stable interest in waterfront & view properties.
Conclusion
Renton’s market remains resilient and undervalued, offering a rare blend of accessibility and affordability in the Puget Sound region. Buyers should expect fast-moving listings and competition, while sellers can leverage low supply and high demand for optimal pricing. With major infrastructure upgrades and job growth on the horizon, Renton is poised for long-term appreciation.
Active Listings
Renton Properties For Sale
6433 Ripley Lane SE Renton, Washington
5 Beds 4 Baths 5,210 SqFt 0.188 Acres
11302 152nd Avenue SE Renton, Washington
4 Beds 4 Baths 4,440 SqFt 2 Acres
1018 N 37th Street Renton, Washington
6 Beds 6 Baths 5,120 SqFt 0.134 Acres
1417 N 24th st Renton, Washington
5 Beds 5 Baths 4,480 SqFt 0.239 Acres
917 N 30th Street Renton, Washington
6 Beds 6 Baths 4,200 SqFt 0.124 Acres
5029 Ripley Lane N Renton, Washington
3 Beds 2 Baths 2,090 SqFt 1.157 Acres
Market Report
Find your perfect home
Please share your desire home description.

