Washington State continues to be one of the most dynamic real estate markets in the country. From Puget Sound to the Cascades, home values reflect a combination of economic strength, natural beauty, and job growth.

But how do Washington’s home prices compare to the national average in 2025? Here’s a look at the data, with local insights from Perkins & Associates, your trusted real estate team serving King and Pierce Counties.

What Is the Average Home Price in the U.S. in 2025?

According to NAR, the average U.S. home price in early 2025 is about $436,000, a modest increase from 2023. Rising costs and low inventory continue to impact affordability nationwide.

What Is the Average Price of a House in Washington State?

As of mid-2025, the average home price in Washington is around $640,000, based on Redfin and Zillow data — nearly 47% higher than the national average.

King County leads the state with median prices exceeding $800,000, while Pierce County homes average closer to $550,000.

How Expensive Is Housing in Washington Compared to the National Average?

Washington’s cost of living index is about 118, meaning it’s roughly 18% higher than the U.S. average.

Strong job growth, limited land, and high demand keep prices elevated, especially in the Seattle metro and King County regions.

Communities like Maple Valley and Bonney Lake remain attractive for families seeking value and space.

Which U.S. States Have the Lowest House Prices?

States like Mississippi, West Virginia, and Ohio have the nation’s lowest home prices, often under $250,000.

By contrast, Washington ranks among the top 10 most expensive housing markets, alongside California and Massachusetts, due to its robust economy and high quality of life.

What Is the Cheapest Place to Live in Washington State?

More affordable Washington cities include Spokane, Yakima, and Walla Walla, with median home prices between $320,000–$400,000 according to Point2Homes.

Locally, Bonney Lake and Puyallup offer affordability without sacrificing proximity to Seattle or Tacoma.

What Is a Good Salary in Washington State?

The U.S. Census Bureau reports Washington’s median household income at $93,000, compared to the national median of $74,000. In King County, the median exceeds $120,000, helping offset higher housing costs.

How Do King County and Maple Valley Compare to State and National Trends?

King County continues to lead Washington’s housing market, outpacing both state and national averages.

In 2025, the median home price in Maple Valley is about $750,000, while Bonney Lake averages $600,000 — above the Washington State median of $640,000 and the U.S. median of $462,000.

These suburban communities balance space, schools, and value, appealing to buyers seeking quality of life without Seattle’s prices.

Will Home Prices in Washington Continue to Rise in 2025 and Beyond?

Experts predict moderate growth of 3–5% through 2026, supported by job creation and population inflow.

While price acceleration has slowed since 2022, Washington’s market remains stable and in demand, especially in suburban areas with strong schools and amenities.

Conclusion

Washington home prices remain well above the national average, reflecting the state’s strong economy and lifestyle appeal.

Communities like Maple Valley and Bonney Lake showcase why buyers are choosing the region for long-term value, livability, and investment potential.

Contact our team for a consultation:
📧 clientcare@perkinsnwre.com | 🌐 www.perkinsnwre.com | 📱 (206) 960-4985

Sources:

  1. https://www.nar.realtor/research-and-statistics

  2. https://www.redfin.com/state/Washington/housing-market

  3. https://www.zillow.com/research/data/

  4. https://www.census.gov/

  5. https://www.point2homes.com/US/Real-Estate-News/