HPI (2025)FHFA
346
Metro Series · West · Rank #15
Home Price History in Seattle
FHFA all-transactions House Price Index for the Seattle-Tacoma-Bellevue, WA metropolitan statistical area — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+1.4%
5-yr changeFHFA
+42%
Since 2000FHFA
+246%
Seattle saw the largest 2012–2018 recovery rally of any major metro, driven by the simultaneous expansion of Amazon, Microsoft, and the rest of the Puget Sound tech complex. The pandemic-era surge briefly stalled in 2022 alongside tech-sector layoffs and the largest absolute price drawdown of any major metro that year, but the 2024 HPI sits at a fresh all-time high. The Seattle market has more compositional variance than most metros — central King County has appreciated very differently than the broader MSA.
The 2007–2011 housing crisis cut the Seattle HPI by 28.7% peak-to-trough — from 180.6 in 2007 to 128.8 in 2012. For context, the U.S. national HPI fell roughly 24% over the same period, so Seattle was meaningfully more affected than the national average.
The pandemic-era surge brought the Seattle HPI from 233.7 in 2019 to 345.9 in 2025 — a cumulative +48.0% move in 6 years. Compared to the U.S. national HPI's roughly 50% gain over the same period, Seattle appreciated roughly in line with the national rate.
Located in the West region of the United States, Seattle is one of the 100 largest U.S. metropolitan statistical areas by population. Long-run housing appreciation in Seattle reflects a combination of regional employment trends, in-migration patterns, and local supply constraints. The full year-by-year FHFA HPI for Seattle is in the data table below.
To compare Seattle to the national U.S. housing market, see the national median price history dashboard. Other metros in the West region: see the full metro index. For state-level data, see the state index.
Annual data — Seattle
FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.
| Year | HPI (2000=100) | YoY change |
|---|---|---|
| 2025 | 345.91 | +1.36% |
| 2024 | 341.27 | +5.06% |
| 2023 | 324.83 | +0.50% |
| 2022 | 323.22 | +16.49% |
| 2021 | 277.47 | +13.52% |
| 2020 | 244.43 | +4.60% |
| 2019 | 233.69 | +3.72% |
| 2018 | 225.30 | +9.52% |
| 2017 | 205.71 | +11.80% |
| 2016 | 183.99 | +12.39% |
| 2015 | 163.71 | +8.02% |
| 2014 | 151.56 | +10.31% |
| 2013 | 137.39 | +6.67% |
| 2012 | 128.80 | -2.14% |
| 2011 | 131.62 | -7.04% |
| 2010 | 141.59 | -8.44% |
| 2009 | 154.65 | -11.62% |
| 2008 | 174.99 | -3.08% |
| 2007 | 180.56 | +7.65% |
| 2006 | 167.73 | +16.29% |
| 2005 | 144.23 | +16.71% |
| 2004 | 123.58 | +8.93% |
| 2003 | 113.45 | +2.86% |
| 2002 | 110.30 | +4.12% |
| 2001 | 105.94 | +5.94% |
| 2000 | 100.00 | +9.21% |
| 1999 | 91.57 | +6.58% |
| 1998 | 85.92 | +7.76% |
| 1997 | 79.73 | +5.80% |
| 1996 | 75.36 | +2.53% |
| 1995 | 73.50 | +3.20% |
| 1994 | 71.22 | +2.52% |
| 1993 | 69.47 | +1.64% |
| 1992 | 68.35 | +1.65% |
| 1991 | 67.24 | +4.30% |
| 1990 | 64.47 | +22.52% |
| 1989 | 52.62 | +17.77% |
| 1988 | 44.68 | +7.27% |
| 1987 | 41.65 | +3.89% |
| 1986 | 40.09 | +2.48% |
| 1985 | 39.12 | +3.00% |
| 1984 | 37.98 | +3.09% |
| 1983 | 36.84 | +15.96% |
| 1982 | 31.77 | -12.60% |
| 1981 | 36.35 | +3.83% |
| 1980 | 35.01 | +11.32% |
| 1979 | 31.45 | +16.96% |
| 1978 | 26.89 | +26.66% |
| 1977 | 21.23 | +20.28% |
| 1976 | 17.65 | +14.17% |
| 1975 | 15.46 | — |
Methodology
The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the West census region and rebased to 100 in the year 2000. Coverage begins in 1975 for Seattle.