Washington · as of September 2026
What counts as luxury real estate in Washington
The convention this site uses
In Washington, this site treats homes at $2M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Washington's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Hunts Point | $7,600,000 | 10 |
| Medina | $4,500,000 | 10 |
| Yarrow Point | $4,292,000 | 10 |
| Clyde Hill | $4,010,000 | 10 |
| Mercer Island | $2,258,000 | 10 |
| Sammamish | $1,516,000 | 10 |
| Bellevue | $1,250,000 | 11 |
| Bainbridge Island | $1,178,000 | 10 |
| Kenmore | $987,000 | 10 |
| Kirkland | $920,000 | 10 |
| Seattle | $820,000 | 10 |
| Woodinville | $805,000 | 11 |
What changes at this price in Washington
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Washington's graduated real estate excise tax, paid by the seller, is 1.1 percent on the portion of the price up to $525,000, 1.28 percent from $525,000 to $1.525 million, 2.75 percent from $1.525 million to $3.025 million, and 3 percent above $3.025 million. Cities and counties add a local rate, typically 0.25 to 0.5 percent. Source
- Agency and dual agency
- Washington permits limited dual agency only with the written consent of both buyer and seller. Since January 1, 2024 a broker must sign a written brokerage services agreement before representing a buyer and must deliver the statutory agency law pamphlet. Source
- Seller disclosure
- Washington sellers of residential property must deliver the statutory Seller Disclosure Statement, known as Form 17, and the buyer may rescind the contract within three business days of receiving it. Source
- State estate or inheritance tax
- Washington levies its own estate tax on estates above a $3 million exemption for deaths on or after July 1, 2025, with graduated rates from 10 percent up to 35 percent, the highest top rate in the country. Source