Issaquah, WA 98027 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market signal is the median sold price of 1,368,000, which establishes recent transaction-level value and, when compared with the median listing price of 1,470,000, suggests a pricing gap where seller expectations may be higher than closed-market outcomes; up year-over-year price trend supports continued appreciation pressure.
2. Liquidity appears restrained: the median days on market is 270, indicating slower sales velocity that may reflect higher buyer selectivity or transaction friction in a market described as neutral in temperature rather than strongly one-sided.
3. Valuation intensity and income context show a median price per square foot of 568 and a median market rent of 2,541; rents are up year-over-year, but elevated interest rate pressure (current 30-year fixed rates averaging 6.5%) may constrain buyer affordability and temper demand.
4. Supply context in the sampled dataset points to relatively constrained active supply versus recent closed transactions, which may sustain pricing in desirable micro-markets even as some neighborhoods show more balanced conditions; expect continued pricing friction between listing and sold levels rather than broad, rapid price declines.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.