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Seattle, WA New Homes Under $500K

5 Communities

Rivercrest by New Home Co. in Seattle-Bellevue Washington
Home in Rivercrest by New Home Co.
Home in Rivercrest by New Home Co.

Grand Opening

$390,000 - $613,990

Rivercrest

North Bend, WA 98045

7 Floor Plans

New Home Co.

Grayson Square by D.R. Horton in Seattle-Bellevue Washington
Grayson Square by D.R. Horton in Seattle-Bellevue Washington

$499,995 - $604,995

Grayson Square

Everett, WA 98208

2 Floor Plans

D.R. Horton

Olive by 9205 14th LLC in Seattle-Bellevue Washington
Olive by 9205 14th LLC in Seattle-Bellevue Washington

Coming Soon

$699 - $2,399,900

Olive

Seattle, WA 98107

59 Floor Plans

9205 14th LLC

Sullivan (The) by South Park LLC in Seattle-Bellevue Washington
Sullivan (The) by South Park LLC in Seattle-Bellevue Washington

$450,000 - $485,000

Sullivan (The)

Seattle, WA 98108

3 Floor Plans

South Park LLC

Timber Ridge Estates II by Cornerstone Homes in Seattle-Bellevue Washington
Timber Ridge Estates II by Cornerstone Homes in Seattle-Bellevue Washington

$459,990 - $479,990

Timber Ridge Estates II

Sultan, WA 98294

2 Floor Plans

Cornerstone Homes

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Market Snapshot

New Homes in Seattle-Bellevue by Region

RegionCommunitiesAverage New Home Price
Central District Seattle 64$911,000
South Seattle 52$962,000

New Home Cities in Seattle-Bellevue

CityCommunitiesAverage New Home Price
Duvall6$961,547
Black Diamond6$706,045
Marysville5$719,790
Lake Stevens4$904,742
Kent4$875,614
Covington3$748,950
Sultan3$575,592
North Bend2$604,204
Edmonds2$1,156,873
Shoreline2$676,418
Redmond2$961,213

Seattle, WA features many of the best home builder communities in Washington, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Seattle has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Seattle area. In fact, there are 5 communities and 5 builders in Seattle with homes starting at under $500K.

How to Find Homes in Seattle for Less than $500K?

Many builders recognize there is growing demand in the Seattle area for homes under the $500k price point and often have a few floor plans available, but these may be in limited supply. These brand new homes are relatively affordable. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices. Like any new home, you are likely to have the low maintenance and lower cost of ownership that makes new construciton a good value in Seattle.