Is Lynnwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lynnwood has remained a Seller's Market.
Housing Prices in Lynnwood, WA
How much do homes in Lynnwood, WA cost?
Median Sold Price
$745,238
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lynnwood was $745,238 in March 2024, up 2.7% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $260K | +4.0% |
2 Bedrooms | $361K | $425K | +17.7% |
3 Bedrooms | $680K | $706K | +3.8% |
4 Bedrooms | $844.9K | $848.3K | 0.4% |
5+ Bedrooms | $999.7K | $1.0M | +9.4% |
Summary: Lynnwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Lynnwood | $725.3K | $745.2K | +2.7% |
Mountlake Terrace | $637.5K | $639.5K | 0.3% |
Edmonds | $853.7K | $831.5K | -2.6% |
Housing Supply in Lynnwood, WA
How many homes are available in Lynnwood, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
216 | 247 | +14.4% |
Summary: The Lynnwood real estate market had 247 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 69 | 82 | +18.8% |
4 Bedrooms | 66 | 78 | +18.2% |
5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Lynnwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 76 | +38.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Lynnwood in March 2024, up by 38.2% month-over-month. Of the 76 sold homes, 14% were sold under asking, 28% were sold at asking, and 58% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 18 Days | -59.7% |
Summary: Homes in Lynnwood had an average of 18 days on market in Mar 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 76 homes were sold in Lynnwood; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.