South Lake Union, WA Housing Market

$497,879

8.4% 1-yr

The average South Lake Union, WA home value is $497,879, down 8.4% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

South Lake Union Key Takeaways

Typical Home Values: $497,879

1-year Value Change: -8.4%

(Data through January 31, 2026)

South Lake Union Housing Market Overview

--1-year Market Forecast

6For sale inventory(January 31, 2026)

--New listings(January 31, 2026)

--Median sale to list ratio

--Median sale price

--Median list price(January 31, 2026)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Denny Triangle$704,262
Westlake$607,770
Capitol Hill$663,274
Lower Queen Anne$519,214
Belltown$504,135
East Queen Anne$1,041,202
Downtown$754,977
Eastlake$860,013
First Hill$414,363

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South Lake Union Rental Market Trends

--Average rent in South Lake Union

$1,895National average rent(January 31, 2026)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.