Sammamish Market Update: January 2025
2024 started with the lowest housing inventory levels in the history of the NWMLS and was at the lowest level nationally in 40 years. As a result, the start of the year saw intense competition for limited inventory despite relatively high interest rates. Those factors culminated in an early price spike for homes that went under contract in late February through March with closing dates in April and May. In fact, we saw about a $200,000 average price increase for Sammamish during this period.
Conversely, as more inventory came on the market price adjusted back down and by September prices were 6% below where they started in January. Rounding out the year, Sammamish homes had an overall appreciation of 12.7% and ended December on a high note.
For 2025 we are starting with the Highest inventory levels in 5 years. Factoring the inventory level with interest rates we expect the best time to sell in 2025 to be slightly earlier this year. That places February solidly as the best time to list your home with closing taking place in March to very early April.
- Typical Sammamish home value: $1,640,1231
- One-year price change in Sammamish: +$131,914 (+8.7%)
- Five-year price change in Sammamish: +$659,554 (+67.3%)
Sammamish Market 2024 Recap
Homes For Sale In Sammamish
The city of Sammamish is located atop the Sammamish Plateau, just minutes from downtown Issaquah, shopping and entertainment at the Issaquah Highlands, as well as major employers like Microsoft and Costco. Sammamish has been named a "Best Place to Live" by Wallethub, Money Magazine and others. It's primarily served by the Issaquah School District and Lake Washington School District, both of which are ranked very highly. Home styles range from condominiums and townhomes to luxury homes.
Cary Porter and his wife Janet are longtime Sammamish residents. Working alongside his son Keenan Porter, Cary is there to provide exceptional market insight and information valuable to both Sellers and Buyers. Keenan and his sister Kemper both graduated from Eastside Catholic High School. Cary and Janet live in the Trossachs neighborhood of Sammamish and Keenan lives in Klahanie. The Porter's truly do live, work and play right here on the Sammamish plateau!
Cary Porter is Your Sammamish Real Estate Expert
Let us know below if you are looking to buy or sell in the Sammamish area. Cary or Keenan Porter are ready to help and tour homes immediately.
Start searching for your dream home now.
When it comes to convenience, our site is unparalleled. Whether you're in the comfort of your home, or on the go.
Our site works flawlessly on multiple devices so you can find the information you need.