Is Snohomish County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snohomish County is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Snohomish County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Snohomish County, WA

How much do homes in Snohomish County, WA cost?

Median Sold Price

$714,991

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$18,599(+2.7%)

Key Takeaway

Homes in Snohomish County have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Snohomish County was $714,991 in June 2024, up 2.7% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $325K$329.2K
+1.3%
2 $450K$480.2K
+6.7%
3 $629.9K$650.1K
+3.2%
4 $851.4K$856.6K
+0.6%
5+ $1.0M$1.0M
+4.5%

Summary: Snohomish County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Counties

Island County
+7.1%
King County
+5.7%
Chelan County
+3.7%
Skagit County
+3.6%
Snohomish County
+2.7%

Housing Supply in Snohomish County, WA

How many homes are available in Snohomish County, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2,8363,004+5.9%

Summary: The Snohomish County real estate market had 3,004 homes for sale in June 2024, a 5.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 6165
+6.6%
2 369386
+4.6%
3 1,1311,215
+7.4%
4 9101,006
+10.5%
5+ 365332
-9.0%

Summary: The Snohomish County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
907878-3.2%

Asking Price vs. Sold Price

226 Homes Were Sold
Under Asking

259 Homes Were Sold
At Asking

393 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snohomish County, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.

Summary: A total of 878 homes were sold or pending in Snohomish County in June 2024, down by 3.2% month-over-month. Of the 878 sold homes, 26% were sold under asking, 29% were sold at asking, and 45% were sold over asking.

Days on Market for Snohomish County, WA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days15 Days-8.0%

Summary: Homes in Snohomish County had an average of 15 days on market in Jun 2024, down by 8% compared to last year.

Breakdown of Home Sale Times

775 Homes Were Sold
Under 30 Days

78 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 878 homes were sold in Snohomish County; 88% of homes were sold within 30 days, 9% 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 26 Days Ago

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