Snohomish County Real Estate Market Update for February 2026
Northwest MLS, the source for the most current, accurate market listing data in Washington State has released its Market Snapshot for February 2026.
Washington State Real Estate Market Recap
In February 2026, there were 4,139 closed sales, representing a 3% decrease compared to February 2025 (4,268 sales). When compared to the previous month, closed sales increased 19.5%, up from 3,465 sales in January 2026.
February 2026 Key Takeaways
Active Inventory For Sale
- The total number of properties listed for sale increased nearly 28% year over year, with 13,341 active listings on the market at the end of February 2026, compared to 10,448 at the end of February 2025. Month over month, active inventory increased by 7.8%, up from 12,376 in January 2026.
Closed Sales
- Closed sales decreased 3% year over year, with 4,139 transactions in February 2026 compared to 4,268 in February 2025. Month over month, sales increased 19.5%, up from 3,465 in January 2026.
Median Sales Price
- The median sales price for residential homes and condominiums sold in February 2026 was $620,000, a 1.6% decrease from February 2025 ($630,000). Month over month, the median price increased 4.2% from $595,000 in January 2026.
Consumer and Broker Activity
NWMLS also provided insights into consumer activities during February 2025:
- Keyboxes located at listed properties were accessed 123,621 times in February 2026, a 6.86% increase in activity from January 2026 when they were accessed 115,685 times.
Active Listings
The total number of properties listed for sale increased nearly 28% year over year, with 13,341 active listings on the market at the end of February 2026, compared to 10,448 at the end of February 2025. Month over month, active inventory increased by 7.8%, up from 12,376 in January 2026.
Nearly all NWMLS counties experienced year-over-year inventory growth, with 19 of 27 counties posting double-digit increases. The five counties with the largest increases were Jefferson (+70.3%), Adams (+69%), Walla Walla (+56.1%), Snohomish (+50.2%), and Clallam (+45.6%).
Below is a graph of Snohomish County & ALL active listings in all 23 counties:
New Listings
NWMLS brokers added 7,424 new listings to the database in February 2026, a year-over-year increase of nearly 17% compared to February 2025 (6,346). When compared to the previous month (January 2026), new listings increased by 7.9%, when 6,882 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 23 counties, decreased year-over-year in 2 counties (Wahkiakum and Grant), and showed no change in 2 counties (Island and Walla Walla).
Below is a graph of Snohomish County & ALL new listings in all 23 counties:
Pending Sales
There were 5,886 residential units & condo units under contract in February 2026, a slight increase of .4% when compared to February 2025 (5,863). When compared to the previous month, the number of pending listings increased by 8.7%, up from 5,419 listings under contract in January 2026.
Below is a graph of Snohomish County & ALL pending sales in all 23 counties:
Closed Sales
Closed sales decreased 3% year over year, with 4,139 transactions in February 2026 compared to 4,268 in February 2025. Month over month, sales increased 19.5%, up from 3,465 in January 2026.
Year-over-year closed sales increased in 14 of 27 counties, while 12 counties saw decreases and one county (Cowlitz) reported no change. The total dollar value of closed sales in February 2026 was $2.79 billion for residential homes and $362.7 million for condominiums, for a combined total of $3.15 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 a little less than three and a half months (3.22) to sell every home that is active in the NWMLS inventory. The five counties with the lowest months of inventory in February 2026 were Kitsap (2.14), Snohomish (2.36), Island (2.43), Thurston (2.59), and Pierce (2.6).
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 February 2026 was $620,000, a 1.6% decrease from February 2025 ($630,000). Month over month, the median price increased 4.2% from $595,000 in January 2026.
The counties with the highest median sales prices were King ($840,000), San Juan ($732,500), and Snohomish ($720,000), while the lowest median prices were recorded in Pacific ($300,000), Columbia ($247,000), and Ferry ($215,000).
Below is a graph of Snohomish County & ALL median prices in all 23 counties:
NWMLS February 2026 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 spring.
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.
February began with:
- 824 New Listings
- 2.27 Months’ worth of Inventory
- Median home price of $749,997
Let’s break it down per city:
| CITIES | MEDIAN SALES PRICE | % CHANGE OVER LAST YEAR | MONTHS OF INVENTORY |
| BOTHELL | $1,022,500 | -9.47% | 2.85 |
| LYNNWOOD | $775,750 | -5.97% | 1.81 |
| EVERETT | $713,750 | -12.96% | 2.07 |
| SNOHOMISH | $750,000 | 11.20% | 1.68 |
| LAKE STEVENS | $699,500 | -1.48% | 2.44 |
| MARYSVILLE | $685,000 | 1.93% | 2.96 |
What Does This Data Mean?
The February data suggests the housing market is gradually shifting toward more balance. Active inventory has increased significantly, up nearly 28% compared to this time last year, which means buyers now have more options to choose from than they did in 2025. While closed sales were slightly down year over year, they rose notably from January, indicating that demand is still present as the spring market begins to pick up. The median sales price dipped slightly compared to last February but increased month over month, showing that prices are stabilizing rather than declining sharply.
For buyers, this increase in inventory can create more opportunities and negotiating power than we’ve seen in recent years. With more homes available, buyers may have more time to evaluate options and potentially negotiate on price or terms. For sellers, the data highlights the importance of strong pricing and presentation. With more competition on the market, homes that are priced appropriately and show well are the ones most likely to attract attention. Encouragingly, consumer activity is also rising, keybox accesses increased from January, suggesting that buyer interest is growing as we head into the traditionally busier spring market.
What Does This Mean If You Are Buying A Home
More choices: Active listings are up nearly 28% year over year, giving buyers more options than they had last year.
Potential negotiating power: With more homes on the market and slightly fewer sales compared to last year, buyers may have more room to negotiate on price, repairs, or seller concessions.
Prices showing stability: While prices are down slightly year over year, they increased month over month, suggesting the market may be stabilizing rather than declining.
Growing market activity: Increased keybox activity indicates more buyers are touring homes, which often signals a more competitive spring market ahead.
What Does This Mean If You Are Selling A Home
More competition: With significantly more homes on the market than last year, sellers need to price strategically and ensure their home shows well.
Serious buyers are still active: Despite a small year-over-year drop in sales, the jump in month-over-month closings and showing activity shows buyers are still in the market.
Pricing matters more: With more inventory available, homes that are overpriced may sit longer, while well-priced homes are more likely to attract offers.
Spring momentum building: Rising showings and increased sales from January suggest buyer demand is picking up as the spring market approaches.
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
