Washington
Local Housing Market · Zillow ZHVI · May 2026
$603,870
Typical Home Value
▼ 0.6% YoY ▼ 0.50% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Washington Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$603,870
▼ 0.6% YoY
Month-over-Month
▼ 0.50% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower 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 · June 2026
• Inventory is up 16.4% YoY and listing prices are softening 3.7% YoY with 21.2% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 44 days — a moderate-paced market. Pending ratio is 0.4 — moderate demand, purchase timelines are manageable.
• New listings are roughly flat 1.1% YoY. Seller activity is stable.
Median Listing Price
$650,000
▼ 3.7% YoY
Median Days on Market
44d
0d YoY
Active Listings
26,527
▲ 16.4% YoY
New Listings
11,684
▲ 1.1% YoY
Price Reduced Share
21.2%
of active listings
Pending Ratio
0.4
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) · June 2026
Bremerton-Silverdale-Port Orchard
▼ COOLING
National rank #127
Median Price
$654,900
Median DOM
30d
Demand score 17/100
Spokane-Spokane Valley
▼ COOLING
National rank #133
Median Price
$500,000
Median DOM
38d
Demand score 34/100
Olympia-Lacey-Tumwater
▼ COOLING
National rank #163
Median Price
$570,000
Median DOM
34d
Demand score 3/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply