Sammamish Homes for SaleSammamish Market Update: June 2024

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Sammamish ranks as one of the cities with the fastest-growing home prices in Washington even outperforming Mercer Island and Bellevue. Only Medina and Woodway ranked higher in Washington for price growth. Cities are ranked by the dollar change in the Home Values Index for all homes from the 12 months ending April 2024. The charts in this story were created using data available for the top 50 cities and towns in Washington.

The Sammamish housing market is most competitive. Homes in Sammamish receive 4 offers on average and sell in around 5 days. The median sale price of a home in Sammamish was $1.7M last month, up 13.2% since last year. The median sale price per square foot in Sammamish is $620, up 3.1% since last year.

  • 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 Real Estate Five-Year Median Price

The median price of homes for sale in Sammamish experienced a significant increase following the pandemic. Prior to the pandemic, the median price was just under $1 million. By April 2022, it had surged to $1.9 million. In 2023, the median price saw a slight decline, but it began to rise again in 2024.

Sammamish Real Estate List Price vs. Sale Price

Sammamish also experienced an increase in the list price to sale price ratio, which compares a home's final sale price to its listed price. In January 2020, homes in Sammamish were selling slightly below their list price. By 2022, this ratio had risen to 120%, indicating that homes were selling for 20% above their list price. In 2024, the ratio decreased to 106%.

Sammamish Real Estate Days on Market

Sammamish real estate tends to sell quickly during the spring and summer months, with homes typically staying on the market for about a week in recent years. However, during the winter, particularly around the New Year, the days on market tend to increase, ranging from 30 to 60 days.

Sammamish Real Estate Sold Above List Price

This chart illustrates the percentage of homes in Sammamish that sold above their list price. In 2020, 53% of homes sold for more than their listed price. By 2022, driven by the pandemic, this figure surged to 94%. In 2023, the percentage dropped significantly to just 4%, but it began to rise again throughout 2024.

Moving to And From Sammamish

There has been significant relocation activity to and from Sammamish. Many new residents moving to Sammamish are from the East Coast, particularly New York, Washington D.C., and Charlottesville, Virginia. Additionally, a number of West Coast transplants are coming from the Bay Area in California. Conversely, many residents leaving Sammamish have chosen to remain within Washington State. Those who moved out of state primarily relocated to Las Vegas, Phoenix, or Dallas, Texas.

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.

Provide a valid email address.
Newsletter consent

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.

Start Search