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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bothell is a 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

+$114,016(+12.0%)

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

# BEDSMay 2023May 2024CHANGE
1 $340K$337.5K
-0.7%
2 $485K$510.5K
+5.3%
3 $784K$843.2K
+7.6%
4 $1.1M$1.1M
+6.3%
5+ $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
+14.6%
Seattle East
+12.2%
Bothell
+12.0%
Maltby
+6.3%
Kenmore
-0.6%

Housing Supply in Bothell, WA

How many homes are available in Bothell, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
322409+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

# BEDSApr 2024May 2024CHANGE
1 46
+50.0%
2 2848
+71.4%
3 102134
+31.4%
4 130167
+28.5%
5+ 5854
-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 2024May 2024CHANGE
113138+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

Asking vs Sold - buyer

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 2023May 2024CHANGE
17 Days10 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

Breakdown of Home Sale Times

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.

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

Report Updated 22 Days Ago

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