Snohomish County Real Estate Market Update for July 2026
Northwest MLS, the source for the most current, accurate market listing data in Washington State has released its Market Snapshot for July 2026.
Washington State Real Estate Market Recap
In July 2026, there were 6,649 closed sales, representing a 3.2% decrease compared to July 2025 (6,867 sales). When compared to the previous month, closed sales decreased 2.9%, down from 6,847 sales in June 2026.
July 2026 Key Takeaways
Active Inventory For Sale
- The total number of properties listed for sale increased 19.8% year over year, with 24,888 active listings on the market at the end of July 2026, compared to 20,781 at the end of July 2025.
Closed Sales
- Closed sales decreased 3.2% year over year, with 6,649 residential and condominium transactions completed in July 2026, compared to 6,867 in July 2025. Of the 6,649 closed sales in July 2026, 5,866 were residential home sales and 783 were condominium sales.
Median Sales Price
- The median sales price for residential homes and condominiums sold in July 2026 was $640,000, a 1.5% decrease compared to July 2025 ($650,000).
Consumer and Broker Activity
NWMLS also provided insights into consumer activities during July 2026:
- Keyboxes located at listed properties were accessed 166,504 times in July 2026, a 0.38% increase in activity from June 2026 when they were accessed 165,874 times.
Active Listings
The total number of properties listed for sale increased 19.8% year over year, with 24,888 active listings on the market at the end of July 2026, compared to 20,781 at the end of July 2025.
Buyers had access to more than 4,100 additional homes compared to a year ago, continuing a trend of expanding inventory across the Northwest MLS service area.
Twenty-five of the 27 NWMLS counties experienced year-over-year inventory growth. The five counties with the largest increases were Okanogan (+48.0%), Snohomish (+34.7%), Walla Walla (+28.1%), Thurston (+27.5%), and King (+23.7%).
Below is a graph of Snohomish County & ALL active listings in all 23 counties:
New Listings
NWMLS brokers added 11,517 new listings to the database in July 2026. That represented a year-over-year increase of 10.5% compared to July 2025, when 10,418 listings were added to the NWMLS database.
Sellers brought nearly 1,100 more homes to market than they did a year ago, giving buyers more options across the Northwest MLS service area.
Below is a graph of Snohomish County & ALL new listings in all 23 counties:
Pending Sales
There were 7,205 residential and condominium units under contract in July 2026, a 7.2% decrease compared to July 2025, when 7,764 listings were under contract.
Below is a graph of Snohomish County & ALL pending sales in all 23 counties:
Closed Sales
Closed sales decreased 3.2% year over year, with 6,649 residential and condominium transactions completed in July 2026, compared to 6,867 in July 2025. Of the 6,649 closed sales in July 2026, 5,866 were residential home sales and 783 were condominium sales.
The total dollar value of closed sales in July 2026 was $4.90 billion for residential homes and $463.6 million for condominiums, for a combined total of $5.36 billion.
Although closed sales were lower than in July 2025, transactions continued throughout the Northwest MLS service area as the supply of available properties expanded. More homes were available for sale than a year ago as inventory continued to increase.
Below is a graph of Snohomish County & closed sales in all 23 counties:
Months of Inventory
A balanced market is generally considered to have four to six months of inventory. At the July 2026 pace of sales, it would take approximately 3.74 months to sell every home currently listed in the NWMLS service area.
The counties with the lowest months of inventory were Kitsap (2.28), Snohomish (3.01), Pierce (3.04), Thurston (3.11), and Clallam (3.23), indicating tighter market conditions in those areas.
Although the overall NWMLS service area remained below balanced market conditions, buyers had substantially more homes to choose from than they did in July 2025. The continued increase in the number of homes for sale resulted in more inventory being available than a year ago.
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 July 2026 was $640,000, a 1.5% decrease compared to July 2025 ($650,000).
Despite continued inventory growth throughout the region, the median sales price declined only slightly compared to July 2025. Increased inventory and slightly lower median prices reflect continued changes in market conditions across the Northwest MLS service area.
The counties with the highest median sales prices were San Juan ($880,000), King ($879,500), and Snohomish ($719,000), while the lowest median prices were recorded in Ferry ($199,900), Columbia ($240,000), and Okanogan ($321,500).
San Juan County had the highest median sales price in the NWMLS service area at $880,000, more than 4.4 times higher than Ferry County’s median price of $199,900, highlighting the significant variation in housing prices across Washington.
Below is a graph of Snohomish County & ALL median prices in all 23 counties:
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 go through 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.
July began with:
- 1,589 New Listings
- 3.01 Months’ worth of Inventory
- Median home price of $719,000
Let’s break it down per city:
| CITIES | MEDIAN SALES PRICE | % CHANGE OVER LAST YEAR | DAYS ON MARKET |
| BOTHELL | $1,107,250 | -7.73% | 63 |
| LYNNWOOD | $945,475 | +5.04% | 50 |
| EVERETT | $815,000 | -2.12% | 61 |
| SNOHOMISH | $832,475 | +4.11% | 59 |
| LAKE STEVENS | $799,950 | -3.63% | 72 |
| MARYSVILLE | $699,498 | -3.58% | 67 |
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What Does This Data Mean?
The Northwest Washington housing market is showing signs of becoming more favorable to buyers, with inventory up nearly 20% from a year ago and more homes coming onto the market. At the same time, sales activity has slowed, with pending sales down 7.2% and closed sales down 3.2%. The median sales price also decreased slightly by 1.5% to $640,000. Overall, the market is still relatively competitive because there are only 3.74 months of inventory, but conditions are shifting as buyers have more choices and sellers face less urgency from buyers.
What Does This Mean If You Are Buying A Home
Buyers have more options and more negotiating power than they did a year ago. With over 4,000 additional homes available and prices slightly lower, buyers may have more time to compare properties and negotiate on price or terms. However, the market is not fully balanced yet, and desirable homes, especially in areas with lower inventory such as Snohomish, Kitsap, and Pierce counties, can still attract competition.
What Does This Mean If You Are Selling A Home
Sellers are facing a more competitive market than they were a year ago. With significantly more homes available and fewer pending and closed sales, properties may take longer to sell, making accurate pricing and strong presentation increasingly important. While prices have remained relatively stable overall, sellers may need to be more realistic with pricing and more flexible with negotiations to stand out from the growing number of competing listings.
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
