Is Snohomish, 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, Snohomish has remained a Seller's Market.
Housing Prices in Snohomish, WA
How much do homes in Snohomish, WA cost?
Median Sold Price
$904,950
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Snohomish was $904,950 in March 2024, up 13.1% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $366K | $542.5K | +48.2% |
2 Bedrooms | $499.9K | $515K | +3.0% |
3 Bedrooms | $762.5K | $778.1K | +2.0% |
4 Bedrooms | $907.5K | $1.0M | +15.7% |
5+ Bedrooms | $1.0M | $1.1M | +6.5% |
Summary: Snohomish housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Snohomish, WA
How many homes are available in Snohomish, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
132 | 159 | +20.5% |
Summary: The Snohomish real estate market had 159 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 11 | 19 | +72.7% |
3 Bedrooms | 45 | 55 | +22.2% |
4 Bedrooms | 56 | 62 | +10.7% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Snohomish housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Snohomish in March 2024, up by 7.0% month-over-month. Of the 46 sold homes, 13% were sold under asking, 37% were sold at asking, and 50% were sold over asking.
Days on Market for Snohomish, WA
How long does it take to sell a home in Snohomish, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 23 Days | -55.3% |
Summary: Homes in Snohomish had an average of 23 days on market in Mar 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in Snohomish; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.