Snohomish County Real Estate Market Update for March 2026
Northwest MLS, the source for the most current, accurate market listing data in Washington State has released its Market Snapshot for March 2026.
Washington State Real Estate Market Recap
In March 2026, there were 5,417 closed sales, representing a 0.2% increase compared to March 2025 (5,406 sales). When compared to the previous month, closed sales increased 31%, up from 4,139 sales in February 2026.
March 2026 Key Takeaways
Active Inventory For Sale
- The total number of properties listed for sale increased 29.3% year over year, with 15,049 active listings on the market at the end of March 2026, compared to 11,640 at the end of March 2025. Month over month, active inventory increased by 12.8%, up from 13,341 in February 2026.
Closed Sales
- Closed sales increased by .2% year over year, with 5,417 transactions in March 2026 compared to 5,406 in March 2025. Month over month, sales increased by nearly 31%, up from 4,139 in February 2026.
Median Sales Price
- The median sales price for residential homes and condominiums sold in March 2026 was $640,000, a 1.5% decrease from March 2025 ($649,999). Month over month, the median price increased 3.2% from $620,000 in February 2026.
Consumer and Broker Activity
NWMLS also provided insights into consumer activities during March 2026:
- Keyboxes located at listed properties were accessed 154,025 times in March 2026, a 0.25% increase in activity from February 2026 when they were accessed 123,621 times.
Active Listings
The total number of properties listed for sale increased 29.3% year over year, with 15,049 active listings on the market at the end of March 2026, compared to 11,640 at the end of March 2025. Month over month, active inventory increased by 12.8%, up from 13,341 in February 2026.
Nearly all NWMLS counties experienced year-over-year inventory growth, with 20 of 27 counties posting double-digit increases. The five counties with the largest increases were Adams (+75%), Okanogan (+58.8%), Jefferson (+53.9%), Walla Walla (+52.4%), and Snohomish (+51.8%).
Below is a graph of Snohomish County & ALL active listings in all 23 counties:
New Listings
NWMLS brokers added 10,035 new listings to the database in March 2026, a year-over-year increase of 9.5% compared to March 2025 (9,161). When compared to the previous month (February 2026), new listings increased by 35.2%, when 7,424 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 21 counties, and decreased year-over-year in 6 counties.
Below is a graph of Snohomish County & ALL new listings in all 23 counties:
Pending Sales
There were 7,352 residential units & condo units under contract in March 2026, a decrease of 3.2% when compared to March 2025 (7,593). When compared to the previous month, the number of pending listings increased by nearly 25%, up from 5,886 listings under contract in February 2026.
Below is a graph of Snohomish County & ALL pending sales in all 23 counties:
Closed Sales
Closed sales increased by .2% year over year, with 5,417 transactions in March 2026 compared to 5,406 in March 2025. Month over month, sales increased by nearly 31%, up from 4,139 in February 2026.
Year-over-year closed sales increased in 14 of 27 counties, while 13 counties saw decreases. The total dollar value of closed sales in March 2026 was $3.8 billion for residential homes and $490.4 million for condominiums, for a combined total of $4.29 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 months (2.78) to sell every home that is active in the NWMLS inventory. The five counties with the lowest months of inventory in March 2026 were Kitsap (1.57), Snohomish (2.04), Pierce (2.07), Thurston (2.09), and Cowlitz (2.42).
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 March 2026 was $640,000, a 1.5% decrease from March 2025 ($649,999). Month over month, the median price increased 3.2% from $620,000 in February 2026.
The counties with the highest median sales prices were San Juan ($1,075,000), King ($859,618), and Snohomish ($738,000), while the lowest median prices were recorded in Columbia ($325,000), Pacific ($292,500), and Ferry ($291,200).
Below is a graph of Snohomish County & ALL median prices in all 23 counties:
NWMLS March 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 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.
March began with:
- 1,088 New Listings
- 1.98 Months’ worth of Inventory
- Median home price of $769,950
Let’s break it down per city:
| CITIES | MEDIAN SALES PRICE | % CHANGE OVER LAST YEAR | MONTHS OF INVENTORY |
| BOTHELL | $1,080,000 | -12.55% | 2.70 |
| LYNNWOOD | $915,000 | 7.58% | 1.68 |
| EVERETT | $765,000 | -0.96% | 1.82 |
| SNOHOMISH | $647,500 | -7.50% | 2.15 |
| LAKE STEVENS | $717,500 | 2.94% | 2.01 |
| MARYSVILLE | $635,000 | -6.07% | 1.86 |
What Does This Data Mean?
The March data shows the housing market continuing to move toward balance. Active inventory rose 29.3% year over year and 12.8% from February, giving buyers more options as the spring market picks up.
Closed sales were essentially flat compared to last year but jumped nearly 31% month over month, signaling that buyer demand is strengthening. Meanwhile, the median sales price dipped 1.5% year over year but increased 3.2% from February, suggesting prices are stabilizing.
For buyers, increased inventory means more choices and potential negotiating power. For sellers, pricing and presentation are more important than ever as competition grows. Overall, the market is becoming more active while shifting into a healthier, more balanced state.
What Does This Mean If You Are Buying A Home
For buyers, the March data is encouraging. With inventory up significantly, there are more homes to choose from and less pressure to make rushed decisions. The increase in listings also creates more negotiating power, especially compared to the highly competitive conditions of recent years.
At the same time, demand is picking back up, as shown by the strong month-over-month rise in sales. That means well-priced homes can still move quickly, so buyers should stay prepared. Overall, the market is offering more opportunity and flexibility, but acting decisively on the right home still matters.
What Does This Mean If You Are Selling A Home
For sellers, the March data highlights a more competitive environment. With inventory rising sharply, there are more homes on the market, which means buyers have more choices than in recent years.
At the same time, demand is improving, as shown by the strong increase in sales from February, so well-priced homes are still selling. However, the slight year-over-year dip in prices signals that overpricing can lead to longer time on market.
Overall, sellers who price strategically and present their homes well are best positioned to stand out and attract serious buyers in this more balanced market.
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
