Washington
Local Housing Market · Zillow ZHVI · July 2026
$601,545
Typical Home Value
▼ 0.4% YoY ▼ 0.13% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Washington Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$601,545
▼ 0.4% YoY
Month-over-Month
▼ 0.13% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Washington
Market Indicators
REALTOR.COM🏦 LO Market Signal · July 2026
• Inventory is up 17.2% YoY and listing prices are softening 1.4% YoY with 23.4% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 50 days — a moderate-paced market. Pending ratio is 0.34 — moderate demand, purchase timelines are manageable.
• New listings are increasing 2.7% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$649,950
▼ 1.4% YoY
Median Days on Market
50d
0d YoY
Active Listings
28,401
▲ 17.2% YoY
New Listings
10,746
▲ 2.7% YoY
Price Reduced Share
23.4%
of active listings
Pending Ratio
0.34
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Washington
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · July 2026
Spokane-Spokane Valley
▼ COOLING
National rank #158
Median Price
$498,000
Median DOM
47d
Demand score 26/100
Bremerton-Silverdale-Port Orchard
▼ COOLING
National rank #161
Median Price
$675,000
Median DOM
43d
Demand score 13/100
Seattle-Tacoma-Bellevue
▼ COOLING
National rank #190
Median Price
$775,000
Median DOM
44d
Demand score 0/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply