What Is the Cost to Sell a House in Seattle?
If you’re like most people in Seattle, your house is the single most expensive asset you own.
When you decide to sell, it’s a big deal. You might decide that it’s time to pack up and move to another state, relocate to the ‘burbs, or downsize to meet your needs. No matter the reason, you are ready to sell, and you need to know how to complete this important transaction efficiently and for maximum profit.
For planning, it makes sense that you would want to know how much it might cost to sell your Seattle home. In this post, we’ve researched the expenses you can expect and gathered expert insights to help you get a better idea of the cost to sell a house in Seattle.
Housing trends in Seattle
Seattle area saw the spring market heating up in April before slowly cooling down in June, with the median home price settling at $957,000, up 3% compared to last year.
King County saw its median sale price jump 12% year-over-year in April before a dip two months later. With high interest rates pinching home shoppers’ budgets, there’s a relief for home sellers to know that home prices in Seattle still saw a 6.8% increase from July last year.
Let’s run the numbers to know if the cost of selling a house in Seattle will leave you with plenty of profit if you sell now.
Start with a home value estimate
A good first step in estimating the cost to sell a house in Seattle is getting a home value estimate.
With values and markets changing so dramatically, now is a good time to check your home’s value. You may be pleasantly surprised to see what it is worth.
You can request a quick online value estimate using HomeLight’s Home Value Estimator to get an initial idea. This free automated valuation model (AVM) tool will use recent sales transactions, local market trends, and your home’s latest selling price to provide a preliminary value range for your property in under two minutes. Just enter your address to get started.
How much does it cost to sell a house in Seattle?
The most accurate answer is that it depends. Based on our extensive research, which we’ll break down below, the cost to sell a home in Seattle could potentially be more than 12%.
If you sell your home for $957,000 — the median home value in Seattle — your seller costs might be around $115,820, based on the averages for each of the common expenses we’ll review below.
However, your estimated out-of-pocket costs will depend on your situation and several variable factors and decisions. Let’s look at what you need to consider when determining the cost to sell a house in Seattle.
