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.
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
$900,000
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Snohomish have sold for 9.1% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Snohomish, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Snohomish are selling fast, if you're buying plan to act quickly.
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.
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.