Why Live in South Lake Union
South Lake Union in Seattle is recognized as the city's technology hub, home to major companies like Apple, Google, and Amazon. This neighborhood has seen significant growth over the past decade, attracting many professionals in the tech industry. While primarily renter-based, South Lake Union offers condos for sale, typically featuring open-concept designs with floor-to-ceiling windows. Monthly association fees often cover utilities, private parking, and earthquake insurance. The area is served by Seattle Public Schools, with Meany Middle School and Garfield High School being highly rated. Meany Middle School offers a unique health program providing free medical and behavioral health services to students, while Garfield High School is among the top 20 public high schools in Washington.
For outdoor activities, residents frequent Lake Union Park and Denny Park. Lake Union Park offers picnic spots, a spray park, boat tours, and the Museum of History and Industry, as well as The Center for Wooden Boats. Denny Park, Seattle's oldest park, features green spaces, a children's play area, and an off-leash dog park. Dining options are abundant, with Portage Bay Cafe, mbar, The White Swan Public House, Daniel’s Broiler, Tapster, and Flat Stick Pub providing a variety of culinary experiences. Whole Foods Market is conveniently located nearby for grocery needs.
Interstate 5 borders the neighborhood to the east, facilitating easy highway access. Although foot traffic remains high, it has decreased recently due to the rise in remote work. Public transportation is well-supported by King County Metro, with numerous light rail stations and bus stops throughout the area.
Home Trends in South Lake Union, WA
On average, homes in South Lake Union, Seattle sell after 52 days on the market compared to the national average of 51 days. The median sale price for homes in South Lake Union, Seattle over the last 12 months is $442,500, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$442,500
Median Single Family Sale Price
$437,500
Median 2 Bedroom Sale Price
$593,500
Median 1 Bedroom Sale Price
$430,000
Average Price Per Sq Ft
$584
Number of Homes for Sale
4
Last 12 months Home Sales
20
Median List Price
$450,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-10%