Is Lynnwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$750,157
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lynnwood was $750,157 in April 2024, up 3.9% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.5K | $255K | +1.0% |
2 Bedrooms | $361K | $427.5K | +18.4% |
3 Bedrooms | $681K | $715K | +5.0% |
4 Bedrooms | $825K | $850.3K | +3.1% |
5+ Bedrooms | $982.6K | $1.1M | +14.5% |
Summary: Lynnwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
Lynnwood | $721.7K | $750.1K | +3.9% |
Mountlake Terrace | $626K | $639.5K | +2.2% |
Edmonds | $850K | $842.2K | -0.9% |
Housing Supply in Lynnwood, WA
How many homes are available in Lynnwood, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
245 | 267 | +9.0% |
Summary: The Lynnwood real estate market had 267 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 33 | 39 | +18.2% |
3 Bedrooms | 80 | 100 | +25.0% |
4 Bedrooms | 74 | 66 | -10.8% |
5+ Bedrooms | 52 | 54 | +3.8% |
Summary: The Lynnwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 94 | +22.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Lynnwood in April 2024, up by 22.1% month-over-month. Of the 94 sold homes, 14% were sold under asking, 22% were sold at asking, and 64% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 17 Days | -14.6% |
Summary: Homes in Lynnwood had an average of 17 days on market in Apr 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in Lynnwood; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.