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October 2026 Market Report · Snohomish County · about 8.9 miles from Silver Firs
Mountlake Terrace Housing Market & Homes for Sale
Seller’s market
Mountlake Terrace is a compact city on the King County line with its own Link light rail station and some of the area’s more attainable prices.
Mountlake Terrace market summary for September 2026
In September 2026, single-family homes in Mountlake Terrace sold for a median price of $630,000, up 8% from a year earlier. There were 22 homes for sale at month-end (up 29% year over year), 18 new listings and 17 closed sales. Homes sold in an average of 21 days for about 100% of list price. There were 1.3 months of inventory in September (1.9 averaged over the last three months, versus 1.5 a year ago), which points to a seller’s market.
Mountlake Terrace home sales trends (last 15 months)
This chart updates automatically every month. Click “Click here for your neighborhood information” to request a custom report for your exact neighborhood, price range or home type.
What this means for buyers
Well-priced homes still move quickly. Get pre-approved first, watch new listings closely and be ready to write a clean, competitive offer.
What this means for sellers
Conditions favor you, but buyers are price-sensitive. Pricing right from day one and solid prep will bring the strongest offers.
Thinking about selling in Mountlake Terrace?
Averages don’t tell you what your home will sell for. I’ll put together a no-pressure broker’s property evaluation using the latest sales near you.
Mountlake Terrace real estate FAQs
Is Mountlake Terrace a buyer’s or seller’s market right now?
Based on September 2026 NWMLS data, Mountlake Terrace is a seller’s market, with 1.3 months of inventory in September (1.9 averaged over the last three months). Under about 3 months generally favors sellers; over 6 favors buyers.
What is the median home price in Mountlake Terrace?
The median sold price for single-family homes in Mountlake Terrace was $630,000 in September 2026, up 8% from September 2025. Average price per square foot was $442.
How fast are homes selling in Mountlake Terrace?
Homes that sold in September 2026 were on the market an average of 21 days and sold for about 100% of their final list price.
How do I find out what my Mountlake Terrace home is worth?
Market averages are a starting point, but value depends on your street, condition and updates. Request a broker’s property evaluation and I’ll send you a personalized estimate.
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Source: Northwest Multiple Listing Service (NWMLS) data via TrendGraphix, single-family homes. Statistics are based on data available at the end of September 2026; neither NWMLS nor TrendGraphix guarantees their accuracy. Report prepared by Michael McKay, REALTOR®, Keller Williams Everett · (206) 249-6925 · Michael.McKay@KW.com