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Northwest MLS, the source for the most current, accurate market listing data in Washington State has released its Market Snapshot for July 2025.
Market Recap
In July 2025, there were 6,867 closed sales, representing a 3.81% increase compared to July 2024 (6,615 sales). When compared to the previous month, closed sales increased by 2.58%, up from 6,694 sales in June 2025.
For-sale inventories are continuing to rise from historical lows, and that’s helping bring some life to housing market activity in the NWMLS area.
But questions still abound regarding one of the most critical aspects of today’s market, affordability, and the political and economic factors that influence it.
While increased inventory offers more options for buyers, the persistent affordability gap continues to pose challenges. Sellers may need to adjust expectations to align with buyer capabilities, potentially leading to price adjustments that could stimulate demand.
July 2025 Key Takeaways
Active Inventory For Sale
- There was a 37.42% increase in total number of properties listed for sale year-over-year, with 20,781 active listings on the market at the end of July 2025, compared to 15,122 at the end of July 2024. When compared to the previous month, active inventory increased by 944 listings (+4.76%), up from 19,837 in June 2025.
- The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 26 out of 27 counties seeing a double-digit year-over-year increase (all counties except Okanogan, which increased by 8.7%). The six counties with highest year-over-year increases in active inventory for sale were Ferry (+60%), Snohomish (+53.56%), Clallam (+52.91%), Columbia (+52.17%), Thurston (+46.86%), and Grant (+44.51%).
Closed Sales
- The number of closed sales increased by 3.81% year-over-year (6,867 in July 2025 compared to 6,615 in July 2024). When compared to the previous month, the number of closed sales increased by 2.58%, up from 6,694 sales in June 2025.
- 19 out of 27 counties saw an increase in the number of closed sales year-over-year. The six counties with the largest increases were San Juan (+100%), Adams (+75%), Pacific (+71.43%), Ferry (+66.67%), Clallam (+47.56%), and Grant (+30%). The total dollar value of closed sales in July 2025 for residential homes was $5,174,046,115 and was $517,348,303 for condominiums ($5,691,394,418 in total).
Median Sales Price
- The median sales price for residential homes and condominiums sold in July 2025 was $650,000 — unchanged from July 2024. Compared to the previous month, the median price declined 2.99%, down from $670,000 in June 2025.
- The three counties with the highest median sale prices were San Juan ($906,250), King ($875,000), and Snohomish ($765,000).
Consumer and Broker Activity
NWMLS also provided insights into consumer activities during July 2025:
- Keyboxes located at listed properties were accessed 168,801 times in July 2025, a 1.73% decrease in activity from June 2025 when they were accessed 171,755 times.
Active Listings
There was a 37.42% increase in total number of properties listed for sale year-over-year, with 20,781 active listings on the market at the end of July 2025, compared to 15,122 at the end of July 2024. When compared to the previous month, active inventory increased by 944 listings (+4.76%), up from 19,837 in June 2025.
The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 26 out of 27 counties seeing a double-digit year-over-year increase (all counties except Okanogan, which increased by 8.7%). The six counties with highest year-over-year increases in active inventory for sale were Ferry (+60%), Snohomish (+53.56%), Clallam (+52.91%), Columbia (+52.17%), Thurston (+46.86%), and Grant (+44.51%).
Below is a graph of Snohomish County & ALL active listings in all 23 counties:
New Listings
NWMLS brokers added 10,418 new listings to the database in July 2025, a year-over-year increase of 12.25% compared to July 2024 (9,281). When compared to the previous month (June 2025), new listings decreased by 4.99%, when 10,965 listings were added to the NWMLS database.
The number of new listings increased year-over-year in 23 of 27 counties. The six counties with the largest year-over-year increases were Clallam (+55.96%), Ferry (+50%), Island (+27.27%), Jefferson (+26.56%), Thurston (+26.25%), and Lewis (+26.02%).
Below is a graph of Snohomish County & ALL new listings in all 23 counties:
Pending Sales
There were 7,764 residential units & condo units under contract in July 2025, an increase of 2.08% when compared to July 2024 (7,606). When compared to the previous month, the number of pending listings decreased by 0.47%, down from 7,801 listings under contract in June 2025.
Below is a graph of Snohomish County & ALL pending sales in all 23 counties:
Closed Sales
The number of closed sales increased by 3.81% year-over-year (6,867 in July 2025 compared to 6,615 in July 2024). When compared to the previous month, the number of closed sales increased by 2.58%, up from 6,694 sales in June 2025.
19 out of 27 counties saw an increase in the number of closed sales year-over-year. The six counties with the largest increases were San Juan (+100%), Adams (+75%), Pacific (+71.43%), Ferry (+66.67%), Clallam (+47.56%), and Grant (+30%). The total dollar value of closed sales in July 2025 for residential homes was $5,174,046,115 and was $517,348,303 for condominiums ($5,691,394,418 in total).
Below is a graph of Snohomish County & closed sales in all 23 counties:
Months of Inventory
A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take around 3 months (2.03) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in July 2025 were: Kitsap (2.29), Snohomish (2.32), Thurston (2.49), Pierce (2.60), King (2.76) and Clallam (2.82).
Below is a graph of Snohomish County & ALL months of invenory in all 23 counties:
Median Price
The median sales price for residential homes and condominiums sold in July 2025 was $650,000 — unchanged from July 2024. Compared to the previous month, the median price declined 2.99%, down from $670,000 in June 2025.
The three counties with the highest median sale prices were San Juan ($906,250), King ($875,000), and Snohomish ($765,000), and the three counties with the lowest median sale prices were Columbia ($257,250), Ferry ($275,000), and Adams ($349,999).
Below is a graph of Snohomish County & ALL median prices in all 23 counties:
Where do we go from here?
Now is still a great time to sell your home as home values are holding strong and we do have pent-up buyer demand, the overpriced have tapered off, so sellers need to be reasonable in this more balanced market. Buyers now have a slight increase in inventory, giving them options. Buyers have more homes to choose from and we are seeing contingencies and finance options return. Although we are seeing some price adjustments I don’t recommend postponing purchasing, home values are expected to continue to rise in our area. If you think you are saving money by waiting, you should run the numbers. Economists and pundits in real estate all say “buy now”. The anticipated increase in equity across the next two-to-four years will be astonishing.
Northwest MLS Market Report
We continue to see price appreciation year-over-year in most areas. Potential sellers should act now, as this is still an excellent time to put their homes on the market due to low inventory. I will continue to follow the market trends and inform you each month as we move through summer.
Let’s get coffee, chat, or email me if you have any questions about selling or buying real estate. If you want to know what your home is worth, have an interest in a particular area, or want to be put on a search to follow the market and home prices, just let me know. My team & I have many tools to help you make sound investment decisions!
Take a look at Snohomish County Housing Statistics.
July began with:
- 1,106 New Listings
- 2.07 Months’ worth of Inventory
- Median home price of $860,000
Let’s break it down per city:
| CITIES | MEDIAN SALES PRICE | % CHANGE OVER LAST YEAR | MONTHS OF INVENTORY |
| BOTHELL | $1,175,948 | -0.55% | 2.45 |
| LYNNWOOD | $850,000 | -6.85% | 1.84 |
| EVERETT | $814,000 | -1.33% | 1.70 |
| SNOHOMISH | $700,000 | -3.97% | 2.62 |
| LAKE STEVENS | $750,000 | 5.63% | 2.87 |
| MARYSVILLE | $677,475 | 3.30% | 2.50 |
What Does This Data Mean?
The real estate market is showing significant signs of increased activity and inventory growth across the NWMLS region. The total number of active listings surged by over 37% year-over-year, reaching more than 20,700 properties by the end of July 2025, indicating more choices for buyers compared to last year. Inventory also rose month-over-month by nearly 5%, reflecting a gradual easing from the historically tight supply. Most counties experienced notable inventory gains, with Snohomish County seeing an impressive 53.56% increase, suggesting the market is becoming more competitive and less constrained by limited options. Closed sales rose modestly by nearly 4% year-over-year and 2.6% month-over-month, demonstrating steady buyer demand despite the larger inventory. The median sales price held steady at $650,000 compared to last year but saw a slight decline from the previous month, indicating some price stabilization after recent highs. Notably, premium markets like San Juan, King, and Snohomish counties continue to lead with the highest median prices. Overall, this data suggests the region is transitioning toward a more balanced market where buyers have more options, sales activity remains strong, and prices are stabilizing, setting the stage for a dynamic but sustainable real estate environment moving forward.
What Does This Mean If You Are Buying A Home in Snohomish County
If you’re looking to buy a home in Snohomish County, the data suggests a promising and somewhat more balanced market compared to previous years. Inventory has increased significantly—by over 53% year-over-year—which means you’ll likely find more homes available to choose from than before. This expanded supply gives buyers more options and potentially less pressure to make quick decisions. At the same time, closed sales have also increased slightly, showing that demand remains steady. While prices have held firm, with the median home price around $765,000, recent months have seen some price stabilization, which could make it a good time to negotiate or find value. Overall, buyers in Snohomish County can expect a more competitive but fair market, with better opportunities to find the right home without the intense scarcity seen in prior years.
This is the perfect time to sign up and receive email notifications when a new home is listed in the Snohomish County real estate market. Email and instant alerts give you an advantage over buyers looking for homes. Please fill out our form below so we can keep you ahead of the competition!
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What Does This Mean If You Are Selling A Home In Snohomish County
If you’re selling a home in Snohomish County, this data offers some encouraging insights. The significant increase in active listings, up over 53% year-over-year, means more competition from other sellers, so pricing your home strategically is more important than ever. However, the steady rise in closed sales shows that buyer demand remains solid, which can help your home sell if it’s well-priced and marketed. The median sales price holding strong around $765,000 indicates that the market is stable, so you’re unlikely to see major price drops, but you might not see rapid price gains either. Overall, it’s still a seller’s market, but with more inventory, you’ll want to highlight what makes your home stand out and be prepared for buyers to have more options.
Double-check to make sure your property is in optimum selling condition.
Check the home valuation calculator to get an estimated value for your home. Contact us for a comprehensive report. We work closely with sellers to create a marketing strategy that gets their listings in front of buyers who want to buy.
-Amy Wagner
425.239.2723
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About Amy Wagner – Prime Listings Group
“When You Do What You Love…People Love What You Do”
As a real estate agent, investor and managing broker of Keller Williams North Sound, Amy particularly loves helping people sell their homes fast and teaching and helping people build wealth through real estate investments such as multi-family homes, land development and the fix & flip of houses. She founded Prime Listings Group on the principles of doing better and giving more. We have local experience on our side and we promise to give more than expected. You’ve come to the right place. At PLG you can expect better!
“Great service from the start until closing….”
Amy sold my house quick and for more than I expected. Her whole team was excellent. Great service from the start until closing 10 out of 10⭐️’s!!! Thank you 🙏🏽 Amy Wagner
