Is Bothell, 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, Bothell has remained a Seller's Market.
Key Takeaway
Bothell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bothell, WA
How much do homes in Bothell, WA cost?
Median Sold Price
$1,063,396
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bothell have sold for 12% more than they did a year ago.
Summary: The median home sold price in Bothell was $1,063,396 in May 2024, up 12% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $337.5K | -0.7% |
| 2 Bedrooms | $485K | $510.5K | +5.3% |
| 3 Bedrooms | $784K | $843.2K | +7.6% |
| 4 Bedrooms | $1.1M | $1.1M | +6.3% |
| 5+ Bedrooms | $1.3M | $1.3M | +5.1% |
Summary: Bothell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Woodinville | $1.1M | $1.3M | +14.6% |
| Seattle East | $1.0M | $1.2M | +12.2% |
| Bothell | $949.3K | $1.0M | +12.0% |
| Maltby | $1.0M | $1.1M | +6.3% |
| Kenmore | $945K | $939K | -0.6% |
Housing Supply in Bothell, WA
How many homes are available in Bothell, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 322 | 409 | +27.0% |
Summary: The Bothell real estate market had 409 homes for sale in May 2024, a 27.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 28 | 48 | +71.4% |
| 3 Bedrooms | 102 | 134 | +31.4% |
| 4 Bedrooms | 130 | 167 | +28.5% |
| 5+ Bedrooms | 58 | 54 | -6.9% |
Summary: The Bothell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 138 | +22.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bothell, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 138 homes were sold or pending in Bothell in May 2024, up by 22.1% month-over-month. Of the 138 sold homes, 14% were sold under asking, 30% were sold at asking, and 57% were sold over asking.
Days on Market for Bothell, WA
How long does it take to sell a home in Bothell, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 10 Days | -37.4% |
Summary: Homes in Bothell had an average of 10 days on market in May 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bothell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 138 homes were sold in Bothell; 91% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% 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.