Lynnwood Housing Market Update May 2026

By: Brandice Raybourn

Quick Take:

Ok, so this is the second month in a row where Lynnwood looks like a strong seller’s market on paper…

…but that is not what is happening across the board.

Some homes are selling quickly and getting exactly what sellers hoped for.

Others are sitting, expiring, getting canceled, or having to make big price adjustments just to get a buyer.

So if you are looking at the averages and thinking everything is moving fast and selling at full price… just know that is only true for the homes that actually closed.

There are just as many that did not.

Whole City Overview

Looking at the whole city, it honestly looks like an amazing seller’s market.

Sellers are seeing around 100% of their original list price and getting a buyer in about 9 days.

But again… that is based on the 70 homes that actually sold.

There is still a lot of inventory sitting, expiring, and getting canceled that is not reflected in those numbers.

So this is not happening for everyone.

You really need to understand how your specific pocket of the market is behaving right now.

And honestly, I feel like the 700K to 849K resale range is doing a lot of the work here and bringing those overall numbers up.

Want my take on your specific situation in Lynnwood? Request your personalized Lynnwood Snapshot here

New Construction

New construction is still in the mix, but it is not dominating.

It is competing.

Buyers are looking at it right alongside resale, especially in the mid price points.

So if you are a seller, this is part of your competition whether you realize it or not.

And don’t forget, 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

Beyond the Blog: Your Real-Time Market Snapshot

Everything above is based on what already closed.

But the market is moving every day.

I’m watching what is going pending, what is sitting, and what is adjusting in real time, and it can look very different depending on your price point.

You don’t need another blog. You need to know what is happening in your situation right now.

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

Every situation is different. I’ll tailor this to your goals, timing, and what you’re actually trying to decide.

Condos

There are a lot of condos for sale in Lynnwood right now.

And a lot of them have been sitting.

This is one of the biggest inventory pockets in the entire city.

I do not think buyers are being “picky” here… I think they can be.

There is plenty of inventory, so there is no reason to rush.

If a condo is selling, it is because it makes sense compared to everything else sitting out there.

Townhomes

Townhomes are in a very similar spot.

There is a lot of inventory here too.

Between condos and townhomes, nearly half of the entire city’s inventory is sitting in these two housing types right now.

So if you are a seller in this space, just know you have a lot of competition.

Residential Resale with Price Breakdown

All of the numbers below are based on SOLD comps.

So this is what actually closed.

Not what is sitting.

And there is still a lot sitting.

Under 699K

There is not much inventory here for detached homes, but it is not completely empty either.

There are still a few homes sitting.

The ones that are selling are getting what they hoped for based on the April comps.

So yes, this range is still moving.

But again, not everything is flying off the market.

$700K – $849K

This is the range that is really carrying the market right now and pushing the averages.

There is consistent activity here and homes are going pending.

This is likely what is pushing the overall city averages up.

This is what is making Lynnwood look stronger on paper than it actually feels across the board.

If you are a seller, your outcome depends on how you compare to everything else in this range.

If you are a buyer, you are competing, but you still have options.

$850K – $1.049M

This range has the most inventory out of the whole city for residential resale.

And on paper, it can look pretty good.

But when you actually look, there are still a lot of homes sitting here for over 100 days.

Last month alone, 8 homes canceled and 2 expired in this range.

So if you are planning to sell here, you will likely need some patience…

unless your home is a 10 out of 10 compared to everything else.

If you are one of the stronger listings, you could still go pending quickly.

But that is not the experience for most.

$1.05M – $1.249M

There is still inventory sitting in this range, some of it for quite some time.

The homes that are selling are likely the standouts.

Sellers here are seeing around 9 buyers before going pending based on the 5 sold and 6 pending homes.

But they are also getting about 5% less than what they originally listed for.

So yes, homes are selling.

But there is a tradeoff to get them there.

1.250M +

This is the second month in a row where nothing has closed in this range.

There is still inventory sitting here.

But getting a deal done is a completely different story.

One of the 4 pending homes had to drop about 800K…😮

yes, 800K…

after nearly a full year on the market just to get a buyer.

So if you are thinking about selling in this price range, you really have two options.

Price aggressively from the start…
or be very, very patient.

Brandice’s Final Thoughts on Lynnwood

Lynnwood looks strong on paper right now.

Homes that sold are getting around what they asked for and going pending quickly.

But that is only true for the homes that actually closed.

There are still plenty of homes sitting, expiring, and getting canceled across the city, especially once you move up in price or into condos and townhomes where a lot of the inventory is.

The 700K to 849K range is doing a lot of the heavy lifting and making the overall numbers look stronger than they actually feel across the board.

Once you move out of that range, things start to slow down and outcomes become a lot less predictable.

Buyer Tip

You have more options than it might seem at first.

There is inventory sitting across multiple price points, especially in condos, townhomes, and higher price ranges.

You don’t need to rush. You can take your time, compare what is out there, and wait for something that actually makes sense.

Seller Tip

Not every seller is having the same experience right now.

If your home is not positioned correctly, it can sit for a while.

Look closely at your competition before you list, especially in your price range, and be honest about how your home compares.

The sellers getting the best results right now are the ones that stand out or come in priced right from the start.

Why This Matters

If you only look at sold data, this market looks simple.

But once you factor in everything that is sitting, expiring, or getting canceled, it is a completely different picture.

That is why I break this down the way I do.

So you can understand what is actually happening in your part of the market before you make a move.

If you own a home in Lynnwood and thinking about selling and want to understand how this market impacts your specific equity position, request your free personalized Lynnwood Snapshot here.

I also keep a Lynnwood market Q&A section updated with answers based on what is happening right now:
Lynnwood Market Questions

Brandice Raybourn
Coldwell Banker Danforth
Everett Real Estate Broker
brandice@snohomesbybrandice.com

425-367-3881

Recent Lynnwood Market Reports

If you want to follow how the Lynnwood market has been shifting over the last few months, here are the most recent updates:

• Lynnwood Housing Market Update | April 2026
• Lynnwood Housing Market | March 2026

Explore More Market Reports

If you want to compare Lynnwood to nearby cities or browse more of my monthly market updates, you can find all of my reports here:

View All Market Reports