Pointe3
Real Estate
Comparative Market Analysis
7534 31st Ave NW
Seattle, Washington 98117
3
Bedrooms
1
Bathroom
1,510
Square Feet
1940
Year Built
Travis Anderson
Travis Anderson
Pointe3 Real Estate | Seattle Rental Group
travis@pointe3.com | March 24, 2026
1
Valuation Summary
Estimated Market Value
$790,000 — $875,000

Based on 10 comparable sold properties within 0.5 miles | Last 6 months

Conservative
$799,950
Price to generate bidding war
Recommended
$835,000
Fair market value
Aggressive
$875,000
Requires staging + updates
2
Market Snapshot — Crown Hill / NW Seattle
$850K
Median Sale (98117)
12-19 days
Avg Days on Market
103.1%
Sale-to-List Ratio
3 offers
Avg Per Listing

The 98117 zip code (Crown Hill / Ballard / Loyal Heights) is currently a very competitive seller's market. Homes receive an average of 3 offers and sell within 12-19 days. The median sale price per square foot is $545, closely aligned with our comp analysis. Well-priced homes are selling at or above asking, with several recent sales going 5-28% over list price. However, overpriced homes face significant corrections — one comparable started at $895,000 and sold for $820,000 after 100 days. Pricing correctly from day one is critical.

3
Comparable Sales Analysis

10 comparable properties analyzed from NWMLS Matrix. Sorted by relevance to subject property. All sales within 6 months in the Crown Hill, Loyal Heights, Whittier, and North Beach neighborhoods.

Address Sold Price Date Bd/Ba SqFt $/SqFt DOM SP/LP
7400 32nd Ave NW $885,000 02/04/26 3/1 1,780 $497 87 100.0%
8317 30th Ave NW $800,000 03/20/26 2/1 1,540 $519 7 106.7%
1215 NW 83rd St $895,000 10/20/25 3/1.75 1,560 $574 5 100.0%
8518 11th Ave NW $865,000 11/06/25 3/1.75 1,730 $500 3 101.8%
8739 17th Ave NW $820,000 02/26/26 3/1.75 1,360 $603 100 97.6%
630 NW 82nd St $898,000 03/05/26 2/1.5 1,560 $576 7 128.3%
10037 13th Ave NW $799,950 11/06/25 3/1.75 1,340 $597 27 100.0%
9041 7th Ave NW $765,000 10/31/25 3/1.75 1,330 $575 24 95.6%
8606 29th Ave NW $810,000 11/13/25 2/1 1,290 $628 5 101.3%
8902 30th Ave NW (fixer) $599,950 03/06/26 2/1.75 1,210 $496 4 100.0%

Gold highlight = closest comparable (same bed/bath count, nearest proximity). Faded row = fixer outlier excluded from primary analysis.

4
Price Per Square Foot Analysis
$497
Low (excl. fixer)
$575
Median
$628
High

For the subject property at 1,510 sqft, the estimated $/sqft range of $520-$570 yields:

$/SqFt AppliedEstimated Value
$520/sqft$785,200
$545/sqft$822,950
$570/sqft$860,700
5
Value Adjustments — Your Home vs. Comparables
FactorImpactNotes
3 Bedrooms +$25,000-$50,000 vs. 2-bed comps that sold $780-810K
Large Lot (5,568 sf) +$8,000-$12,000 Area average is ~4,200 sf — yours is 30% larger
2 Fireplaces +$5,000-$10,000 Desirable feature, most comps have 0-1
Crown Hill Location +Market Very competitive seller's market, 3 offers avg per listing
Single Bathroom -$20,000-$25,000 Most comps have 1.75 baths — this is the biggest gap
Oil Heat System -$5,000-$10,000 Buyers factor in conversion cost to gas/electric
Original Condition -$15,000-$30,000 vs. updated comps with modern kitchens/baths/systems
Parking (TBD) TBD Garage adds $10-20K; no parking deducts $5-10K
6
Pricing Strategy
StrategyList PriceExpected OutcomeBest If...
Conservative $799,950 Multiple offers, likely sells $830-850K. Under $800K captures search filter traffic. Home is in average/dated condition. Want a fast sale with bidding war energy.
Target $835,000 Sells within 2-3 weeks at or near asking. Fair market positioning. Home is well-maintained. Good curb appeal. Willing to invest in light staging.
Aggressive $875,000 May sit 45-90+ days. Risk of price reduction. Home has been updated (kitchen, bath, systems). Exceptional presentation.

My Recommendation: List at $799,950 — $835,000 depending on the home's current condition. A walkthrough will determine where in this range we should position. In today's market, correctly priced homes in Crown Hill are selling fast and often above asking — the data supports a strategy that lets the market come to you rather than chasing a higher number that risks extended days on market.

7
Executive Summary

Based on a detailed analysis of 10 comparable single-family homes that sold within the last 6 months in the Crown Hill, Loyal Heights, Whittier, and North Beach neighborhoods, your home at 7534 31st Ave NW is positioned in a healthy market where well-priced homes are selling within 2-3 weeks, often at or above asking price.

Comparable homes in the 1,200-1,800 sqft range with 2-3 bedrooms have sold between $765,000 and $898,000, with a concentration around $800,000-$865,000 for 3-bedroom homes similar to yours. The 98117 zip code median sale price is $850,000 with homes averaging 3 offers and selling within 12-19 days.

Your home's strengths include its 3-bedroom layout, generous 5,568 sf lot (larger than most comps), and two fireplaces. The primary adjustments to consider are the single bathroom (most comps have 1.75 baths) and the oil-fired heating system.

Depending on the home's current condition and presentation, I recommend a list price in the range of $799,950 to $835,000, which positions the home competitively to attract strong buyer interest and maximize your net return. A strategic price at $799,950 could generate a bidding war scenario, as we've seen with several recent sales in the area that sold 5-28% over asking.

8
Next Steps

1. Property Walkthrough — Schedule a visit so I can assess the home's condition, confirm parking, and identify any quick-win improvements that could increase the sale price.

2. Pricing Strategy Session — Based on the walkthrough, we'll finalize the list price together. Both David and Kristine should be part of this conversation since both are on title.

3. Listing Preparation — Professional photography, potential staging consultation, and marketing plan development.

4. Go Live — List on NWMLS with full syndication to Zillow, Redfin, Realtor.com and targeted digital marketing.