Is Bothell, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Bothell, WA cost?
Median Sold Price
$976,658
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
The sold price of homes in Bothell has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $350K | +4.5% |
| 2 Bedrooms | $550K | $490K | -10.9% |
| 3 Bedrooms | $850K | $799.4K | -5.9% |
| 4 Bedrooms | $1.1M | $1.1M | 0.4% |
| 5+ Bedrooms | $1.7M | $1.3M | -22.0% |
Summary: Bothell housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Cities
| Woodinville | $1.0M | $1.2M | +22.2% |
| Maltby | $1.0M | $1.0M | +2.0% |
| Bothell | $976.9K | $976.6K | 0% |
| Seattle East | $1.1M | $1.0M | -2.6% |
| Kenmore | $1.0M | $875K | -16.7% |
Housing Supply
How many homes are available in Bothell, WA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 388 | 377 | -2.8% |
Summary: The Bothell real estate market had 377 homes for sale in August 2023, a 2.8% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 29 | 24 | -17.2% |
| 3 Bedrooms | 118 | 122 | +3.4% |
| 4 Bedrooms | 118 | 114 | -3.4% |
| 5+ Bedrooms | 119 | 111 | -6.7% |
Summary: The Bothell housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 150 | 133 | -11.3% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bothell, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 133 homes were sold or pending in Bothell in August 2023, down by 11.3% month-over-month. Of the 133 sold homes, 22% were sold under asking, 27% were sold at asking, and 51% were sold over asking.
Days on Market
How long does it take to sell a home in Bothell, WA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 18 Days | 14 Days | -20.5% |
Summary: Homes in Bothell had an average of 14 days on market in Aug 2023, down by 20.5% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bothell are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 133 homes were sold in Bothell; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% 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 © 2023 Northwest MLS. All rights reserved.