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 April 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

$702,429

$391/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,785(-0.3%)

Key Takeaway

The sold price of homes in Snohomish County has remained the same since last year.

Summary: The median home sold price in Snohomish County was $702,429 in April 2024, down 0.3% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $320K$328K
+2.5%
2 $452.8K$476.1K
+5.1%
3 $639.8K$648.1K
+1.3%
4 $864.7K$850K
-1.7%
5+ $1.0M$1.0M
+2.2%

Summary: Snohomish County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Counties

Skagit County
+4.5%
Island County
+3.3%
King County
+3.1%
Snohomish County
-0.3%
Chelan County
-2.0%

Housing Supply in Snohomish County, WA

How many homes are available in Snohomish County, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2,1052,336+11.0%

Summary: The Snohomish County real estate market had 2,336 homes for sale in April 2024, a 11.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 5957
-3.4%
2 292333
+14.0%
3 808973
+20.4%
4 662682
+3.0%
5+ 284291
+2.5%

Summary: The Snohomish County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
694812+17.0%

Asking Price vs. Sold Price

120 Homes Were Sold
Under Asking

254 Homes Were Sold
At Asking

438 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. 53.9% of homes here sold above asking price last month.

Summary: A total of 812 homes were sold or pending in Snohomish County in April 2024, up by 17.0% month-over-month. Of the 812 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% 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

Apr 2023Apr 2024CHANGE
29 Days16 Days-43.1%

Summary: Homes in Snohomish County had an average of 16 days on market in Apr 2024, down by 43.1% compared to last year.

Breakdown of Home Sale Times

719 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

32 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 April 2024, 812 homes were sold in Snohomish County; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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 1 Day Ago

Newest Listings in Snohomish County, WA

Nearby Markets to Snohomish County, WA

What housing markets are near Snohomish County, WA?