Seattle, a hub for tech, education, and sustainability, remains a competitive urban housing market in 2025. While the single-family home sector has seen some price stabilization, the Seattle condo market in 2025 offers unique opportunities for buyers looking for accessibility, walkability, and long-term appreciation.
In this article, we explore the average Seattle condo price in 2025, the top neighborhoods for condos, and what buyers and investors should know in the current market.
π’ Average Seattle Condo Price in 2025
As of Q2 2025, the median price of a condo in Seattle stands at approximately $537,000, reflecting a 2.1% increase year-over-year. While price growth has cooled since the 2020-2022 surge, demand remains strong in core urban neighborhoods.
| Neighborhood | Median Condo Price (2025) |
|---|---|
| Downtown Seattle | $725,000 |
| Capitol Hill | $565,000 |
| South Lake Union | $610,000 |
| Queen Anne | $590,000 |
| Ballard | $540,000 |
| West Seattle | $495,000 |
| Northgate | $455,000 |
πΉ Whatβs Driving Condo Prices in Seattle in 2025?
1. Tech Employment Stability
Despite some tech layoffs in 2023, Seattle remains home to Amazon, Microsoft, and dozens of startups, keeping housing demand strong.
2. Urban Lifestyle Revival
Young professionals are returning to downtown living post-pandemic, valuing walkability, transit access, and cultural amenities.
3. Limited New Inventory
Condo development has slowed due to high construction costs and regulatory hurdles, tightening supply in high-demand areas.
4. Affordability Relative to Homes
With single-family home prices averaging over $875,000, condos present a more accessible entry point for many buyers.
π Seattle Condo Price Trends (2020β2025)
| Year | Median Condo Price | YoY Change |
| 2020 | $515,000 | +6.0% |
| 2021 | $540,000 | +4.8% |
| 2022 | $565,000 | +4.6% |
| 2023 | $530,000 | -6.2% |
| 2024 | $526,000 | -0.8% |
| 2025 | $537,000 | +2.1% |
After a brief downturn, Seattle condo prices are rebounding with renewed interest in urban living.
π Top Neighborhoods to Buy Condos in Seattle (2025)
| Neighborhood | Why Itβs a Top Pick |
| Capitol Hill | Diverse, vibrant, strong rental market |
| South Lake Union | Near Amazon HQ, walkable, modern condos |
| Queen Anne | Scenic views, historic charm, close to downtown |
| Ballard | Microbrewery scene, walkability, good schools |
| West Seattle | Value area, improving transit access via light rail expansion |
πΌ Is a Seattle Condo a Good Investment in 2025?
Condos in Seattle offer solid returns for long-term investors and an accessible entry for first-time homebuyers.
- Rental yields: 4.3% to 5.2%, higher in Capitol Hill & West Seattle
- HOA fees: $350β$750/month depending on building age and amenities
- Short-term rentals: Allowed in some buildings with city licensing
β Tip: Look for low-HOA buildings with upcoming public transit improvements for stronger appreciation.
𧱠Should You Buy a Condo in Seattle in 2025?
| Buyer Type | Recommendation | Why |
| First-time buyer | β Yes | Lower barrier to entry, less maintenance |
| Remote worker | β Consider it | Work-from-home ready units with city convenience |
| Investor | β Good potential | Long-term rental demand remains high |
| Retiree | β Urban lifestyle | Walkability, security, and services in newer developments |
β‘ SEO Keywords to Target
- “Seattle condo price 2025”
- “Best Seattle neighborhoods for condos”
- “Seattle housing market forecast 2025”
- “Buy vs rent Seattle condo 2025”
- “Urban living Seattle real estate 2025”
π Final Thoughts
The Seattle condo market in 2025 is stabilizing and recovering from post-pandemic fluctuations. With competitive pricing relative to detached homes, condos are increasingly attractive to first-time buyers, downsizers, and long-term investors.
Whether you’re seeking a modern loft in South Lake Union or a classic unit in Queen Anne, Seattle offers a vibrant market with solid upside.