Issaquah, WA 98027 Real Estate Market Report

ZIP Code: 98027
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Issaquah, WA, are averaging 6.52%, which is 0.65% higher than the 5.87% average observed in February 2026.

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

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Key Findings

1. $1,350,000 median sold price remains the primary indicator of market value and recent transactions, suggesting current transaction evidence centers around this level rather than asking prices.

2. The gap between $1,224,975 median listing price and the median sold price points to pricing friction that may require sellers to realign expectations; observed price momentum is down year-over-year.

3. Extended selling timelines, shown by 260 median days on market, indicate slower sales velocity and increased time to close transactions, which may favor buyers seeking concessions despite the market appearing balanced (neutral market temperature).

4. Rising cost pressure is notable: mortgage context shows 6.52% current 30-year fixed rates and interest rate pressure is assessed as elevated, while rental income signals are soft with $2,395 median market rent and rent trends noted as down, suggesting caution for buy-to-rent strategies.

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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.

Issaquah, WA 98027 Real Estate Market Report

ZIP Code: 98027
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Issaquah, WA, are averaging 6.52%, which is 0.65% higher than the 5.87% average observed in February 2026.

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

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Key Findings

1. The primary indicator of recent transaction value, the median sold price, is $522,000, which frames market value today and, when compared to the median listing price of $487,475, may indicate a pricing gap requiring seller adjustments or buyer selectivity rather than broad, uniform appreciation; note that price year-over-year trend is down.

2. Liquidity appears muted: the median days on market is 309, signaling slower transaction volume and greater time for market discovery, even while the sample indicates relatively constrained active supply which may continue to support transaction-level pricing.

3. Financing and macro pressure are a material headwind: current 30-year fixed mortgage rates are averaging 6.52%, and interest rate pressure is characterized as elevated, which may lengthen decision timelines and keep some buyers sidelined despite neutral market balance.

4. Rental dynamics are softening: the median market rent is $2,495 and rent year-over-year trend is down, suggesting weaker near-term rental income growth and reduced investor yield momentum compared with prior periods.

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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.