Single-Family Homes
Fri Apr 04 2025
This week the median list price for Snohomish, WA is $1,178,950 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 84.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Median List Price | $1,178,950 | |
Median Price of New Listings | $1,224,950 | |
Per Square Foot | $432 | |
Average Days on Market | 63 | |
Median Days on Market | 14 | |
Price Decreased | 24% | |
Price Increased | 6% | |
Relisted | 8% | |
Inventory | 84 | |
Median Rent | ||
Market Action | 51 | |
Strong Seller's Market |
The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,900,000 | 3,884 | 1 - 2.5 acres | 4 | 4 | 23 | 7 | 2 | 21 |
$1,219,995 | 2,720 | 0.25 - 0.5 acre | 4 | 3 | 7 | 10 | 1 | 7 |
$950,000 | 2,320 | 0.5 - 1 acre | 4 | 3 | 33 | 3 | 1 | 21 |
$724,995 | 1,656 | 0.25 - 0.5 acre | 3 | 2 | 36 | 5 | 8 | 28 |