Is Snohomish, 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 has remained a Seller's Market.
Housing Prices in Snohomish, WA
How much do homes in Snohomish, WA cost?
Median Sold Price
$900,000
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Snohomish was $900,000 in May 2024, up 9.1% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380.5K | $467K | +22.7% |
2 Bedrooms | $489.9K | $531K | +8.4% |
3 Bedrooms | $755K | $775K | +2.6% |
4 Bedrooms | $954K | $1.0M | +10.1% |
5+ Bedrooms | $1.1M | $1.1M | +4.2% |
Summary: Snohomish housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Snohomish, WA
How many homes are available in Snohomish, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
201 | 292 | +45.3% |
Summary: The Snohomish real estate market had 292 homes for sale in May 2024, a 45.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 23 | 33 | +43.5% |
3 Bedrooms | 75 | 118 | +57.3% |
4 Bedrooms | 71 | 96 | +35.2% |
5+ Bedrooms | 24 | 38 | +58.3% |
Summary: The Snohomish housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 43.5%, 3 bedroom homes increased by 57.3%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 66 | +6.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Snohomish in May 2024, up by 6.5% month-over-month. Of the 66 sold homes, 36% were sold under asking, 21% were sold at asking, and 42% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 17 Days | -32.7% |
Summary: Homes in Snohomish had an average of 17 days on market in May 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 66 homes were sold in Snohomish; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.