Lynnwood Housing Market Update July 2026

New Construction Surged, Luxury Returned again, and Not Every Seller Shared the Same Experience

By: Brandice Raybourn

The market insights in this report are based on NWMLS data analyzed by Brandice Raybourn. This report breaks down local housing activity by housing type and residential resale price range. While these trends help explain what is happening across the market, individual neighborhoods, properties, and price points can behave very differently. To see how these trends compare to your specific situation, use the market analysis request form included in this report.

Quick Take

If I had to describe Lynnwood's market in one sentence this month, it would be this:

Buyers are still out there, but they're becoming increasingly price sensitive.

We saw strong activity in several areas of the market, particularly new construction and the $700K-$849K resale range, while other segments showed signs of slowing or increased negotiation.

What really caught my attention was that the $850K-$1.049M resale market continued a pattern I've now been seeing month after month. Homes in this price range once again went under contract in a median of just seven days, which according to NWMLS historical data has remained remarkably consistent for three straight years.

At the same time, luxury inventory increased, seller negotiations expanded, and 59 listings failed to make it to the closing table altogether.

The buyers are still there.

They're just being very intentional about which homes they choose.

Lynnwood Whole City Overview

Compared to last month's report, Lynnwood inventory continued to build.

Active listings increased from 298 to 330, while pending sales declined from 134 to 111. Interestingly, however, closed sales actually increased from 98 to 125.

That tells me that while buyers may be taking longer to commit to new inventory entering the market, transactions that were already in the pipeline are still closing at a decent pace.

Homes that sold spent a median of 13 days on the market compared to 11 days last month.

Sellers also accepted larger negotiations this month, averaging about 2.7% below their original asking price compared to 1.3% last month.

The median sales price remained relatively stable at $769,990. As always, median prices can fluctuate based on the mix of homes sold and don't necessarily reflect a direct change in property values.

One statistic worth mentioning is that 59 listings failed to sell during June, including 47 canceled listings and 12 expired listings. While that's a substantial number for Lynnwood, it still trails markets like Bellevue, which saw nearly 190 failed listings during the same period.

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Lynnwood New Construction

New construction quietly became one of the strongest performers in Lynnwood this month.

Inventory increased from 37 active listings to 46, while pending sales declined slightly from 35 to 27. However, closed sales jumped dramatically from 18 last month to 31 this month.

In fact, new construction produced more closed sales than any individual residential resale price segment.

Builders also improved their negotiation position, with sellers accepting only about 1.7% less than their original asking price compared to 1.5% last month.

Perhaps most impressive was the reduction in market time. Homes that sold spent a median of only six days on market compared to 13 days last month.

Builders continue to show flexibility, but buyers clearly remain attracted to newer homes and builder incentives.

Most builders pay for your buyer’s agent. So bring one with you on your first visit. If you don’t have one yet… call me 😉 425-367-3881

Want me to look at the numbers for your specific neighborhood?

I pull these NWMLS stats from Scratch every month because generic headlines miss the real story. If you're planning a move in King or Snohomish County in the next 90 days, drop your email and your neighborhood below. I'll personally look at your specific price point and email you the reality of your local market.

If you would rather just reach out directly, you can email me anytime. brandice@snohomesbybrandice.com

Lynnwood Condos

The condo market continues to offer buyers options.

Inventory increased slightly from 89 to 98 active listings, while pending sales declined from 30 to 20.

Closed sales increased modestly from 21 to 25.

Homes sold faster this month, spending a median of only 12 days on market compared to 18 days last month.

However, sellers accepted larger discounts, averaging about 3.4% below their original asking price compared to 2.4% last month.

The median condo sales price increased significantly to $718,000, although this likely reflects the types of condos sold rather than a direct increase in overall condo values.

Lynnwood Townhomes

Townhomes remained one of Lynnwood's most balanced markets.

Inventory held relatively steady, declining slightly from 85 to 82 active listings.

Pending sales decreased from 40 to 31, but closed sales increased from 24 to 28.

Homes spent a median of 13 days on market compared to 18 days last month, while sellers accepted only about 1.6% less than their original asking price.

The median sales price decreased slightly to $649,995, although changes in product mix likely influenced that number.

Residential Resale Market By Price Point

These price ranges are based on residential resale data only, and the showing numbers are based on closed properties. Active listings on the market may be having a different experience.

Under $699K

The entry-level market remained active but became noticeably more competitive for sellers.

Active inventory doubled from five listings last month to ten this month.

Closed sales increased from three to ten, while median days on market increased from one day to 43 days.

This tells me that some homes that had been sitting finally found buyers🥰.

Sellers accepted approximately 4.3% less than their original asking price compared to receiving full asking price last month.

The median number of showings before going pending remained strong at nine.

Remember that these statistics only reflect homes that successfully closed. Active listings currently on the market may be experiencing very different conditions.

$700K to $849K

This was the strongest residential resale market in Lynnwood during June.

There were 21 closed sales, the highest number of any resale price category.

Even more interesting, sellers in this range received 100% of their original asking price on average.

Inventory increased from 18 to 26 active listings, while pending sales declined from 20 to 14.

Despite this, homes sold quickly, spending a median of just six days on market and requiring approximately 14 showings before finding a buyer.

This price range appears to be the current sweet spot for Lynnwood resale buyers.

$850K to $1.049M

This continues to be one of the most fascinating ranges of Lynnwood's market.

This price range had the highest amount of resale inventory in the city with 37 active listings.

Yet despite the increased inventory, homes once again sold in a median of just seven days.

What's particularly interesting is that according to NWMLS historical reporting, this seven-day market time has remained remarkably consistent for approximately three years.

Not only did this happen again this month, but it was also the exact same pattern we observed in last month's report.

There were 19 pending sales and 18 closed sales, while sellers received approximately 99.8% of their original asking price.

Apparently, buyers know exactly what they want in this price range and don't spend much time deciding once they find it.

$1.05M+

The higher-end market finally showed some life in June.

After seeing little to no closed sales in the upper price ranges over the past several months, the combined $1.05M+ category produced five closed sales, with eight additional homes going under contract.

What's particularly interesting is how quickly the homes that did sell moved. The median days on market was just 13 days, suggesting that buyers are still very much active when the right home comes to market.

At the same time, there were still 23 active listings competing for attention, and sellers accepted an average of 94.4% of their original asking price, indicating that buyers remained selective and negotiated more aggressively in this segment.

On average, it took about 11 buyer showings before these homes went pending, which suggests demand exists, but not for every property. The homes that checked the right boxes appeared to move quickly, while others likely remained part of the growing inventory.

This one caught my attention because it reinforces a theme we've been seeing across Lynnwood: buyers haven't disappeared. They've simply become much more selective about where they're willing to spend their money.

Market Summary

The overarching theme in Lynnwood continues to be selective demand.

Buyers remain active throughout the market, but not every home or every price range is experiencing the same level of demand.

The strongest areas this month were clearly new construction, the $700K-$849K resale market, and the remarkably consistent $850K-$1.049M resale range.

At the same time, increased inventory, larger negotiations, and 59 failed listings remind us that strong markets don't guarantee success for every seller.

Perhaps the most interesting observation remains the $850K-$1.049M range.

For three years, buyers in this resale price range have consistently moved within about seven days when they find the right home.

The buyers haven't disappeared.

They've simply become much more selective about what earns their attention.

And that may be the most important market trend to watch moving forward.

Why I Publish These Reports

I publish these reports to help buyers and sellers understand what is actually happening in the local housing market using real NWMLS data.

Every month I break the numbers down by housing type and price range because the market isn't moving the same way everywhere. My goal is to help people better understand the market so they can make informed decisions based on data, not headlines.

Curious How These Numbers Apply to Your Situation?

Whether you're thinking about buying, selling, downsizing, relocating, or simply keeping an eye on your home's value, feel free to reach out.

I'm always happy to help you understand how the data applies to your specific situation.

Brandice Raybourn
Coldwell Banker Danforth
Sno-King Real Estate Broker
brandice@snohomesbybrandice.com

425-367-3881

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