Sammamish, WA
Property For sale & Area Information.
Welcome to Sammamish
Sammamish’s real estate market remains one of the most desirable in the Greater Seattle area, prized for its top-tier schools, family-friendly neighborhoods, and scenic surroundings. Despite higher interest rates, demand continues to exceed supply, maintaining strong upward pressure on prices and reinforcing a seller’s market.
Median Home Prices
Single-Family Homes: Median price at $1.65 million, up 8% year-over-year (YoY).
Condominiums/Townhomes: Median price at $850,000, a 6% increase YoY.
Luxury Market (homes >$2.5M): Steady demand, particularly in waterfront and view properties, with Days on Market (DOM) averaging 40–60 days.
Inventory & Absorption
Supply: Critically low at 1.3 months of inventory (well below the 6-month balanced benchmark).
Days on Market (DOM):
Single-family homes: 10–20 days (many receive multiple offers).
Townhomes/Condos: 20–30 days.
Price Reductions: Only 8% of listings see cuts, mostly in luxury or overpriced homes.
Market Dynamics
Seller’s Market: 45% of homes sell above asking, with bidding wars common in sought-after neighborhoods.
New Construction: Limited new builds, with focus on luxury custom homes and townhome developments near amenities.
Tech Influence: Proximity to Redmond (Microsoft, Meta) and Bellevue (Amazon, Google) attracts high-earning buyers.
Interest Rates & Affordability
Mortgage rates average 6.5–7% (30-year fixed).
Affordability challenges: A 1.65Mhome∗∗requires∗∗ 1.65Mhome∗∗requires∗∗ 10,500/month (mortgage + taxes), making entry tough for first-time buyers.
Key Market Drivers
School Rankings: Lake Washington School District ranks among the best in Washington, drawing families.
Quality of Life: Parks (Pine Lake, Beaver Lake), low crime, and suburban tranquility.
Location: Easy access to I-90 and tech hubs, balancing seclusion with convenience..
Future Outlook (2024–2025)
Prices: Expected to rise 4–7% annually, supported by sustained demand.
Inventory: Minimal improvement—new development is constrained by land scarcity.
Luxury Market: Stable demand from cash buyers, though DOM may stretch if rates stay high.
Conclusion
Sammamish remains a high-demand, low-supply market, driven by its schools, safety, and tech-adjacent location. Buyers face fierce competition, especially for move-in-ready homes in Klahanie, Sahalee, and Pine Lake areas. Sellers enjoy strong leverage, with well-priced homes selling quickly—often above list price. While affordability is a hurdle, Sammamish’s appeal ensures long-term value retention.
Active Listings
Sammamish Properties For Sale
649 E Lake Sammamish Parkway SE Sammamish, Washington
5 Beds 5 Baths 5,489 SqFt 0.61 Acres
3101 E Lake Sammamish Parkway NE Sammamish, Washington
5 Beds 6 Baths 4,600 SqFt 0.254 Acres
3101 E Lake Sammamish Parkway NE Sammamish, Washington
5 Beds 6 Baths 4,600 SqFt 0.254 Acres
3532 207th Avenue SE Sammamish, Washington
5 Beds 6 Baths 8,750 SqFt 0.81 Acres
2045 250th Place NE Sammamish, Washington
5 Beds 10 Baths 9,486 SqFt 2.14 Acres
247 E Lake Sammamish Parkway SE Sammamish, Washington
3 Beds 4 Baths 2,290 SqFt 0.529 Acres
Market Report
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