Is Mountlake Terrace, 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, Mountlake Terrace has remained a Seller's Market.
Housing Prices in Mountlake Terrace, WA
How much do homes in Mountlake Terrace, WA cost?
Median Sold Price
$639,500
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mountlake Terrace was $639,500 in April 2024, up 2.2% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318K | $325K | +2.2% |
2 Bedrooms | $475K | $510K | +7.4% |
3 Bedrooms | $630K | $650K | +3.2% |
4 Bedrooms | $819K | $790K | -3.5% |
5+ Bedrooms | $850K | $832K | -2.1% |
Summary: Mountlake Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in Mountlake Terrace, WA
How many homes are available in Mountlake Terrace, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 35 | +94.4% |
Summary: The Mountlake Terrace real estate market had 35 homes for sale in April 2024, a 94.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 16 | +77.8% |
3 Bedrooms | 8 | 16 | +100.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mountlake Terrace housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 17 | +240.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Mountlake Terrace in April 2024, up by 240.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 24% were sold at asking, and 65% were sold over asking.
Days on Market for Mountlake Terrace, WA
How long does it take to sell a home in Mountlake Terrace, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 5 Days | -64.7% |
Summary: Homes in Mountlake Terrace had an average of 5 days on market in Apr 2024, down by 64.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Mountlake Terrace; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.