Is Snohomish County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Snohomish County has remained a Seller's Market.
Housing Prices in Snohomish County, WA
How much do homes in Snohomish County, WA cost?
Median Sold Price
$709,260
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Snohomish County was $709,260 in May 2024, up 1.4% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $321K | $326.5K | +1.7% |
2 Bedrooms | $450K | $476.8K | +6.0% |
3 Bedrooms | $633K | $649.9K | +2.7% |
4 Bedrooms | $861.7K | $849.9K | -1.4% |
5+ Bedrooms | $1.0M | $1.0M | +3.8% |
Summary: Snohomish County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Counties
Island County | $550.6K | $581.5K | +5.6% |
King County | $799.5K | $835.2K | +4.5% |
Skagit County | $529.3K | $549.9K | +3.9% |
Snohomish County | $699.5K | $709.2K | +1.4% |
Chelan County | $550K | $545.1K | -0.9% |
Housing Supply in Snohomish County, WA
How many homes are available in Snohomish County, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,384 | 2,811 | +17.9% |
Summary: The Snohomish County real estate market had 2,811 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 61 | +17.3% |
2 Bedrooms | 326 | 373 | +14.4% |
3 Bedrooms | 958 | 1,145 | +19.5% |
4 Bedrooms | 732 | 874 | +19.4% |
5+ Bedrooms | 316 | 358 | +13.3% |
Summary: The Snohomish County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
844 | 853 | +1.1% |
Asking Price vs. Sold Price
164 Homes Were Sold
Under Asking
254 Homes Were Sold
At Asking
435 Homes Were Sold
Over Asking
Summary: A total of 853 homes were sold or pending in Snohomish County in May 2024, up by 1.1% month-over-month. Of the 853 sold homes, 19% were sold under asking, 30% were sold at asking, and 51% were sold over asking.
Days on Market for Snohomish County, WA
How long does it take to sell a home in Snohomish County, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -41.5% |
Summary: Homes in Snohomish County had an average of 13 days on market in May 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
754 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 853 homes were sold in Snohomish County; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.