$10,000 Closing Credit*
$1,099,950
2,479 SqFt
5 Beds
•2 Full Baths
Peter M. Murphy, Listing Office: Keller Williams Realty Bothell
Is Lynnwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lynnwood has remained a Seller's Market.
Key Takeaway
Lynnwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lynnwood, WA
How much do homes in Lynnwood, WA cost?
Median Sold Price
$774,980
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,780(+6.1%)
Key Takeaway
Homes in Lynnwood have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Lynnwood was $774,980 in October 2024, up 6.1% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266.5K | $225K | -15.6% |
| 2 Bedrooms | $408K | $449.9K | +10.3% |
| 3 Bedrooms | $699.9K | $728.4K | +4.1% |
| 4 Bedrooms | $840K | $863.5K | +2.8% |
| 5+ Bedrooms | $987.3K | $1.2M | +27.4% |
Summary: Lynnwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Edmonds | $819.2K | $933.9K | +14.0% |
| Lynnwood | $730.2K | $774.9K | +6.1% |
| Mountlake Terrace | $627.5K | $649.9K | +3.6% |
Housing Supply in Lynnwood, WA
How many homes are available in Lynnwood, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 367 | 360 | -1.9% |
Summary: The Lynnwood real estate market had 360 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 58 | 56 | -3.4% |
| 3 Bedrooms | 133 | 139 | +4.5% |
| 4 Bedrooms | 105 | 98 | -6.7% |
| 5+ Bedrooms | 65 | 64 | -1.5% |
Summary: The Lynnwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 1.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 88 | -23.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynnwood, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Lynnwood in October 2024, down by 23.5% month-over-month. Of the 88 sold homes, 36% were sold under asking, 34% were sold at asking, and 30% were sold over asking.
Days on Market for Lynnwood, WA
How long does it take to sell a home in Lynnwood, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +12.0% |
Summary: Homes in Lynnwood had an average of 24 days on market in Oct 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lynnwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 88 homes were sold in Lynnwood; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.