Is Snohomish, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snohomish is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Snohomish has remained a Seller's Market.

Key Takeaway

Snohomish is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Snohomish, WA

How much do homes in Snohomish, WA cost?

Median Sold Price

$890,695

$420/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,171(+1.7%)

Key Takeaway

Homes in Snohomish have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Snohomish was $890,695 in November 2024, up 1.7% from last year, and the median price per square foot was $420.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $540K$600K
+11.1%
2 $504.9K$585K
+15.8%
3 $797.4K$763.9K
-4.2%
4 $1.0M$1.1M
+10.0%
5+ $1.1M$1.2M
+8.7%

Summary: Snohomish housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 8.7%.

Housing Supply in Snohomish, WA

How many homes are available in Snohomish, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
303241-20.5%

Summary: The Snohomish real estate market had 241 homes for sale in November 2024, a 20.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 3329
-12.1%
3 9573
-23.2%
4 129102
-20.9%
5+ 4234
-19.0%

Summary: The Snohomish housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 23.2%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes decreased by 19%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10271-30.4%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snohomish, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Snohomish in November 2024, down by 30.4% month-over-month. Of the 71 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.

Days on Market for Snohomish, WA

How long does it take to sell a home in Snohomish, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days41 Days+15.7%

Summary: Homes in Snohomish had an average of 41 days on market in Nov 2024, up by 15.7% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Snohomish are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 71 homes were sold in Snohomish; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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