Waterfront Report

Welcome to a lifestyle shaped by access, scarcity, and stewardship: this is the waterfront.

I’m excited to share the 2025 Waterfront Report, a deep dive into the data, character, and rarity that define one of the most desirable real estate niches in the country. In 2024, just 3.6% of single-family homes sold were waterfront properties. That means opportunities to own along the shoreline were limited—and often came with a premium price tag. But for those who dream of a life shaped by the water—gathering fresh seafood, mooring a boat just steps from home, or watching the sun set over the waves—it’s a dream worth pursuing.

This year’s report covers 16 distinct communities, comparing year-over-year trends like median sales price, days on market, and the number of closed sales. It also includes insights into some of the region’s most sought-after waterfront areas—from Lake Union to the San Juan Islands—showcasing the diversity and depth of the market.

What stands out is the range of options available. With median sales prices spanning from $937,000 in Port Angeles and Sequim to $8,112,500 on Mercer Island, the waterfront market includes something for a wide variety of buyers. Whether you’re drawn to a cozy cabin on Bainbridge, a floating home in the city, or a sprawling estate in Four Points, there’s a place for every lifestyle. All you need is water!