Market Trends August 7, 2025

Snohomish Real Estate in 4 Price Points — Where Do You Fit In?

Snohomish Real Estate in 4 Price Points — Where Do You Fit In?
The Snohomish housing market isn’t moving at the same pace across the board — and depending on your price range, things may look very different. This month’s biggest headline?
📌 Days on Market for homes over $1.15M jumped a staggering 183%.

Here’s how August 2025 played out across four distinct price points in Snohomish:

Under $600K
Inventory is extremely tight — with just 4 new listings last month, down 20%.
Closed sales are up 66.7%, and the average time on market dropped to just 9 days.
Sellers in this range are getting closer to list price than earlier this year, up 18.5%, though still slightly under 100%. For buyers, opportunities are rare and moving fast.

$601K – $849K
This is where most of the activity is happening.
Closed sales are up 14.3%, with homes averaging 10 days on market. New listings rose nearly 19%, giving buyers more to choose from — but sellers are taking home 1.1% less than this time last year.

$850K – $1.15M
Closed sales jumped 61%, but days on market crept up to 23 — a 27% increase. New listings rose 28.6%, meaning more competition for sellers. Homes are selling for about 97.3% of asking price, down 1.1% from last year.

$1.15M+
The luxury segment saw the biggest shift — Days on Market surged 183%, going from nearly two months to just over one month on average. While 28 homes sold, there are 87 currently listed in this range, giving buyers plenty of choice. Sellers are still getting 100% of their asking price — but not more.

What This Means for Buyers & Sellers
The Snohomish market is a patchwork of opportunities and challenges depending on price range.

Buyers — In some tiers, you’ll need to move fast. In others, you can take your time and negotiate.

Sellers — Pricing and presentation matter more than ever, especially with inventory growing in mid-to-high price ranges.

💬 Want a breakdown for your neighborhood or price range?
I’m based in Everett with Coldwell Banker Danforth, serving Snohomish & King County. Whether you’re buying, selling, or just curious about your home’s value, I can help you make a strategic move in this market.