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 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

-$321(0%)

Key Takeaway

The sold price of homes in Bothell has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $335K$350K
+4.5%
2 $550K$490K
-10.9%
3 $850K$799.4K
-5.9%
4 $1.1M$1.1M
0.4%
5+ $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
+22.2%
Maltby
+2.0%
Bothell
0%
Seattle East
-2.6%
Kenmore
-16.7%

Housing Supply

How many homes are available in Bothell, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
388377-2.8%

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

# BEDSJul 2023Aug 2023CHANGE
1 46
+50.0%
2 2924
-17.2%
3 118122
+3.4%
4 118114
-3.4%
5+ 119111
-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 2023Aug 2023CHANGE
150133-11.3%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

68 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
18 Days14 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

Breakdown of Home Sale Times

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.

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

Report Updated 29 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Bothell, WA?