Snohomish County Real Estate Market Update for December 2025
Northwest MLS, the source for the most current, accurate market listing data in Washington State has released its Market Snapshot for December 2025.
Washington State Real Estate Market Recap
In December 2025, there were 5,010 closed sales, representing a 4.1% increase compared to December 2024 (4,812 sales). When compared to the previous month, closed sales increased by 2.9%, up from 4,870 sales in November 2025.
This chart shows how shifts in the balance between homebuyers and sellers impact home prices over time. The blue line tracks the year-over-year change in the ratio of buyers to sellers, when it goes up, there are more buyers relative to sellers, and when it drops, there are fewer buyers or more sellers. The red line shows the year-over-year change in median home sale prices. As you can see, home prices (red line) tend to follow changes in buyer-seller dynamics (blue line), often with a slight delay. For example, when buyer demand surged in 2020-2021, home prices spiked shortly after. Understanding this relationship helps us anticipate market trends and make more informed real estate decisions.
December 2025 Key Takeaways
Active Inventory For Sale
- The total number of properties listed for sale increased 23% year over year, with 11,718 active listings on the market at the end of December 2025, compared to 9,524 at the end of December 2024. Month over month, active inventory declined by 24.7% (3,839 listings), down from 15,557 in November 2025.
- Nearly all NWMLS counties experienced year-over-year inventory growth, with 19 of 27 counties posting double-digit increases. The counties with the largest increases were Jefferson (+55.7%), Ferry (+54.6%), Thurston (+54.4%), Clallam (+44%), Okanogan (+39.5%) and Walla Walla (+38%).
Closed Sales
- Closed sales increased 4.1% year over year, with 5,010 transactions in December 2025 compared to 4,812 in December 2024. Month over month, sales rose 2.9% from 4,870 in November 2025.
- Year-over-year closed sales increased in 21 of 27 counties, while five counties saw declines and one county (Kittitas) reported no change. The total dollar value of closed sales in December 2025 was $3.43 billion for residential homes and $394.6 million for condominiums, for a combined total of $3.83 billion.
Median Sales Price
- The median sales price for residential homes and condominiums sold in December 2025 was $612,250, down 1.8% from December 2024 ($623,500). Month over month, the median price declined 2.8% from $630,000 in November 2025.
Consumer and Broker Activity
NWMLS also provided insights into consumer activities during December 2025:
- Keyboxes located at listed properties were accessed 83,845 times in December 2025, a 29.2% decrease in activity from November 2025 when they were accessed 118,500 times.
Active Listings
The total number of properties listed for sale increased 23% year over year, with 11,718 active listings on the market at the end of December 2025, compared to 9,524 at the end of December 2024. Month over month, active inventory declined by 24.7% (3,839 listings), down from 15,557 in November 2025.
Nearly all NWMLS counties experienced year-over-year inventory growth, with 19 of 27 counties posting double-digit increases. The counties with the largest increases were Jefferson (+55.7%), Ferry (+54.6%), Thurston (+54.4%), Clallam (+44%), Okanogan (+39.5%) and Walla Walla (+38%).
Below is a graph of Snohomish County & ALL active listings in all 23 counties:
New Listings
NWMLS brokers added 3,202 new listings to the database in December 2025, a year-over-year increase of 1.1% compared to December 2024 (3,166). When compared to the previous month (November 2025), new listings decreased by 31.5%, when 4,677 listings were added to the NWMLS database.
When looking at the 27 individual counties in NWMLS’s primary service area, the number of new listings increased year-over-year in 14 counties, decreased year-over-year in 12 counties, and remained the same in 1 county (Whatcom).
Below is a graph of Snohomish County & ALL new listings in all 23 counties:
Pending Sales
There were 4,239 residential units & condo units under contract in December 2025, a slight decrease of 1.7% when compared to December 2024 (4,312). When compared to the previous month, the number of pending listings decreased by 24.3%, down from 5,600 listings under contract in November 2025.
Below is a graph of Snohomish County & ALL pending sales in all 23 counties:
Closed Sales
Closed sales increased 4.1% year over year, with 5,010 transactions in December 2025 compared to 4,812 in December 2024. Month over month, sales rose 2.9% from 4,870 in November 2025.
Year-over-year closed sales increased in 21 of 27 counties, while five counties saw declines and one county (Kittitas) reported no change. The total dollar value of closed sales in December 2025 was $3.43 billion for residential homes and $394.6 million for condominiums, for a combined total of $3.83 billion.
Below is a graph of Snohomish County & closed sales in all 23 counties:
Months of Inventory
A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take about two and a half months (2.34) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in December 2025 were Snohomish (1.61), Kitsap (1.68), King (2.00), Pierce (2.09), Thurston (2.35), and Skagit (2.38).
Below is a graph of Snohomish County & ALL months of inventory in all 23 counties:
Median Price
The median sales price for residential homes and condominiums sold in December 2025 was $612,250, down 1.8% from December 2024 ($623,500). Month over month, the median price declined 2.8% from $630,000 in November 2025.
The counties with the highest median sales prices were San Juan ($900,000), King ($808,500), and Snohomish ($730,000), while the lowest median prices were recorded in Columbia ($237,500), Okanogan ($300,000), and Pacific ($365,000).
Below is a graph of Snohomish County & ALL median prices in all 23 counties:
NWMLS December 2025 Market Snapshot on Vimeo
Northwest MLS Market Report
Home values continue to appreciate year-over-year in most areas, making it a great time for potential sellers to consider listing. If you’re thinking about making a move, now is still an excellent window of opportunity. I’ll be closely tracking market trends and will continue to keep you updated each month as we head into fall.
If you have any questions about buying or selling, I’d love to connect, whether over coffee, a quick call, or by email. If you’re curious about your home’s current value, interested in a specific neighborhood, or want to stay informed with a custom home search, just let me know.
My team and I have the tools and experience to help you make smart real estate decisions.
Take a look at the Snohomish County Real Estate Market Update.
December began with:
- 354 New Listings
- 1.50 Months’ worth of Inventory
- Median home price of $760,000
Let’s break it down per city:
| CITIES | MEDIAN SALES PRICE | % CHANGE OVER LAST YEAR | MONTHS OF INVENTORY |
| BOTHELL | $1,100,000 | -8.18% | 1.67 |
| LYNNWOOD | $849,975 | -7.49% | 1.22 |
| EVERETT | $735,000 | -5.92% | 1.19 |
| SNOHOMISH | $682,500 | -0.73% | 1.66 |
| LAKE STEVENS | $765,000 | 13.33% | 1.97 |
| MARYSVILLE | $649,498 | -1.36% | 1.65 |
What Does This Data Mean?
Inventory continues to build across the region, with active listings up significantly year over year, giving buyers more options than they’ve had in recent years. However, inventory dipped month over month, which is typical for the holiday season.
Closed sales showed modest growth compared to last year and ticked up slightly from November, signaling that motivated buyers are still active despite seasonal slowdowns. While prices softened a bit both month over month and year over year, the overall change remains relatively mild, suggesting a market that is stabilizing rather than declining sharply.
Buyer activity slowed noticeably in December, as reflected by fewer home showings, which aligns with normal holiday behavior. Overall, the market is balancing, buyers have more choice and negotiating power, while sellers who price strategically are still seeing successful outcomes.
What Does This Mean If You Are Buying A Home
More choices: Inventory is up significantly compared to last year, meaning buyers have more homes to choose from and less pressure to make rushed decisions.
More negotiating power: With slightly lower prices year over year and reduced showing activity, buyers may have more room to negotiate on price, terms, or concessions.
Less competition: Buyer activity slowed in December, which often translates to fewer bidding wars, especially helpful for first-time and move-up buyers.
Still active, not stalled: Closed sales are up from last year, showing that well-priced homes are still selling and the market remains healthy.
Bottom line: Buyers who are prepared and working with good guidance can take advantage of increased inventory, softer pricing, and less competition, making this a strategic time to buy rather than a frenzied one.
What Does This Mean If You Are Selling A Home
More competition: Inventory is up notably from last year, meaning buyers have more options. Homes need to stand out through pricing, condition, and presentation.
Pricing matters more than ever: With median prices slightly down year over year and month over month, overpricing can lead to longer market times. Sellers who price accurately are seeing results.
Buyers are still buying: Closed sales are up from last year, showing that demand hasn’t disappeared. Well-prepared homes are still selling.
Seasonal slowdown is normal: Lower showing activity in December reflects typical holiday behavior, not a lack of interest. Activity often picks up in the new year.
Bottom line: Sellers can absolutely be successful in this market, but success favors those who price strategically, prepare their home well, and partner with an agent who understands current buyer behavior.
Double-check to make sure your property is in optimum selling condition.
Check the home valuation calculator to get an estimated value for your home. Contact us for a comprehensive report. We work closely with sellers to create a marketing strategy that gets their listings in front of buyers who want to buy.
Thank you for reading this month’s Snohomish County Real Estate Market Update. I’m committed to keeping you informed about local housing trends and opportunities. Contact me anytime for expert guidance on your real estate goals in Snohomish County.
Amy (Wagner) Bounds, Realtor – Prime Listings Group
amy@primelistingsgroup.com
425.239.2723
