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Snohomish County Real Estate Market Report- Updated for October 2021

We are down to less than two-week supply of inventory. Inventory remains very tight! Brokers report solid activity even though inventory is sparse. The intensity of activity in the Puget Sound area is either approaching or already at the Spring 2021 levels. As we approach our seasonal low in inventory, each year potential home sellers wait until the new year to put their homes on the market. In reality, a home listed now will have higher viewership since the buyer pool has gone down.

Buyers are still looking and will continue to constrain inventory until March of 2022. With the pace of this market, a correctly priced home offered now would probably be off the market by Thanksgiving, allowing the seller to have a quiet holiday. All in All, it is a great time to purchase and sell your home. READ MORE HERE…


In Snohomish County, November 2021 began with:

  • 1035 New Listings
  • .39 months worth of Inventory
  • Median home price of $695,000
months of inventory Nov. 2021
A house sign showing the media house price for NWMLS as $575,00

Data in these graphics includes all of Washington State, not just Snohomish County.

Let’s break it down per city:

CITIESMEDIAN SALES PRICE% CHANGE OVER LAST YEARMONTHS OF INVENTORY
BOTHEL$914,0009.20%0.41
LYNWOOD$805,00019.26%0.25
EVERETT$718,50026.78%0.32
SNOHOMISH$617,47517.63%0.43
LAKE STEVENS$595,00015.82%0.48
MARYSVILLE$585,00023.16%0.46
Data is for residential homes

Interest Rates are Still Historically Low

mortgage rate chart for November 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, we are still very much in a seller-based market, a balanced market is said to be when we have approximately 4-6 months worth of inventory.  Due to the ongoing demand for real estate in the Greater Seattle 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 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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What’s Your Home Worth?

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