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

Housing Market Conditions



Gauge showing Lynnwood is a seller's market


Difference Since November 2022

At the same time last year, Lynnwood was a Neutral Market.

Key Takeaway

Lynnwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lynnwood, WA

How much do homes in Lynnwood, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Lynnwood have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Lynnwood was $732,500 in November 2023, up 0.9% from last year, and the median price per square foot was $403.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $245K$266.5K
2 $355.5K$420K
3 $700K$699.9K
4 $875K$840K
5+ $1.0M$981.3K

Summary: Lynnwood housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 18.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

Mountlake Terrace

Housing Supply in Lynnwood, WA

How many homes are available in Lynnwood, WA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Lynnwood real estate market had 181 homes for sale in November 2023, a 9.0% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 22
2 2929
3 9382
4 5146
5+ 2422

Summary: The Lynnwood housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynnwood, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 64 homes were sold or pending in Lynnwood in November 2023, down by 5.9% month-over-month. Of the 64 sold homes, 28% were sold under asking, 38% were sold at asking, and 34% were sold over asking.

Days on Market for Lynnwood, WA

How long does it take to sell a home in Lynnwood, WA?

Average Sale Time

Nov 2022Nov 2023CHANGE
31 Days19 Days-37.1%

Summary: Homes in Lynnwood had an average of 19 days on market in Nov 2023, down by 37.1% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lynnwood are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 64 homes were sold in Lynnwood; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% 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 10 Days Ago

Newest Listings in Lynnwood, WA

Nearby Markets to Lynnwood, WA

What housing markets are near Lynnwood, WA?