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NWMLS March 2021 Real Estate Market Report

Snohomish County Real Estate Market Report- Updated for April 2021

Northwest MLS brokers say bidding wars, escalating prices, and buyer fatigue are widespread. With limited inventory in the Snohomish County area, home prices are still climbing. The Snohomish County housing market is crazy. It’s a seller’s market. Buyers must be motivated, qualified, and act quickly. READ MORE HERE


In Snohomish County, March 2021 ended with:

  • 1,594 New Residential Listings that is + 549 from February
  • .28 months worth of Inventory that is down – 67% from February
  • Median home price of $607,475 that is + 105% from the previous month

Let’s break it down per city:

CITIESMEDIAN SALES PRICE% CHANGE OVER LAST YEARMONTHS OF INVENTORY
BOTHEL$940,00025.33%0.38
LYNWOOD$760,00024.59%0.28
EVERETT$681,12528.51%0.23
SNOHOMISH$556,42011.28%0.38
LAKE STEVENS$619,867 30.50%0.34
MARYSVILLE$536,00015.90%0.29

Interest Rates are Still Historically Low but Starting to Climb

Mortgage Rate graph showing one year changes April 8 2021

What Does This Data Mean?

curious girl looking through a magnifying glass

Inventory levels continue to be low. Most places currently have less than 1 months supply available.

Due to the ongoing demand for real estate in the Snohomish County area, I would expect to see a robust real estate market going through 2021. Prices are continuing to increase in the North Sound Region, especially along the I-5 corridor.

Buyers are wisely taking advantage of record low-interest rates.  Potential sellers should act now as this is an EXCELLENT time to put your home on the market.  I will continue to follow the market trends and inform you each month as we go into Spring.

For an in-Depth Market Report for April 2021, READ MORE HERE…

For Month-by-Moth Comparison and In-depth Market Reports

JANUARY 2021JANUARY 2020
FEBRUARY 2021FEBRUARY 2020
MARCH 2021MARCH 2020
APRIL 2021APRIL 2020
MAY 2021 MAY 2020
JUNE 2021JUNE 2020
JULY 2021JULY 2020
AUGUST 2021AUGUST 2020
SEPTEMBER 2021SEPTEMBER 2020
OCTOBER 2021OCTOBER 2020
NOVEMBER 2021NOVEMBER 2020
DECEMBER 2021DECEMBER 2020

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