Snohomish County Real Estate Market Update for November 2025
Northwest MLS, the source for the most current, accurate market listing data in Washington State has released its Market Snapshot for November 2025.
Washington State Real Estate Market Recap
In November 2025, there were 4,870 closed sales, representing a 10.9% decrease compared to November 2024 (5,446 sales). When compared to the previous month, closed sales decreased by 21.7%, down from 6,222 sales in October 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.
November 2025 Key Takeaways
Active Inventory For Sale
- There was a 23.9% increase in total number of properties listed for sale year-over-year, with 15,557 active listings on the market at the end of November 2025, compared to 12,558 at the end of November 2024. When compared to the previous month, active inventory decreased by 3,234 listings (-17.2%), down from 18,791 in October 2025.
- The number of homes for sale year-over-year increased in all of NWMLS’s coverage area, with 20 out of 27 counties seeing a double-digit year-over-year increase. The six counties with highest year-over-year increases in active inventory for sale were Jefferson (+47.9%), Thurston (+46.6%), Snohomish (+41.7%), Walla Walla (+38.7%), Clallam (+35.6%), and Okanogan (+33.8%).
Closed Sales
- The number of closed sales decreased by 10.9% year-over-year (4,870 in November 2025 compared to 5,446 in November 2024). When compared to the previous month, the number of closed sales decreased by 21.7%, down from 6,222 sales in October 2025.
- 18 out of 27 counties saw a decrease in the number of closed sales year-over-year, while 6 saw an increase, and 3 showed no change. The six counties with the largest decreases were Okanogan (-34.3%), Chelan (-26.7%), Skagit (-23.2%), Kitsap (-20.1%), Mason (-14.6%), and Snohomish (-14.6%). The total dollar value of closed sales in November 2025 for residential homes was $3,379,724,300 and was $374,081,902 for condominiums ($3,753,806,202 in total).
Median Sales Price
- 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 more than 3 months (3.19) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in November 2025 were Kitsap (2.24), Snohomish (2.28), King (2.82), Pierce (2.85), Island (3.03), and Thurston (3.03).
Consumer and Broker Activity
NWMLS also provided insights into consumer activities during November 2025:
- Keyboxes located at listed properties were accessed 118,500 times in November 2025, a 18.5% decrease in activity from October 2025 when they were accessed 145,459 times.
Active Listings
There was a 23.9% increase in total number of properties listed for sale year-over-year, with 15,557 active listings on the market at the end of November 2025, compared to 12,558 at the end of November 2024. When compared to the previous month, active inventory decreased by 3,234 listings (-17.2%), down from 18,791 in October 2025.
The number of homes for sale year-over-year increased in all of NWMLS’s coverage area, with 20 out of 27 counties seeing a double-digit year-over-year increase. The six counties with highest year-over-year increases in active inventory for sale were Jefferson (+47.9%), Thurston (+46.6%), Snohomish (+41.7%), Walla Walla (+38.7%), Clallam (+35.6%), and Okanogan (+33.8%).
Below is a graph of Snohomish County & ALL active listings in all 23 counties:
New Listings
NWMLS brokers added 4,677 new listings to the database in November 2025, a year-over-year decrease of 1.9% compared to November 2024 (4,768). When compared to the previous month (October 2025), new listings decreased by 41.5%, when 7,991 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 decreased year-over-year in 12 counties, increased year-over-year in 12 counties, and remained the same in 3 counties. The six counties with the largest year-over-year decreases were Pacific (-41.4%), Mason (-28.7%), Skagit (-27.5%), Island (-21.4%), Douglas (-18%), and Whatcom (-14%).
Below is a graph of Snohomish County & ALL new listings in all 23 counties:
Pending Sales
There were 5,600 residential units & condo units under contract in November 2025, a slight increase of 1.5% when compared to November 2024 (5,516). When compared to the previous month, the number of pending listings decreased by 16.9%, down from 6,739 listings under contract in October 2025.
Below is a graph of Snohomish County & ALL pending sales in all 23 counties:
Closed Sales
The number of closed sales decreased by 10.9% year-over-year (4,870 in November 2025 compared to 5,446 in November 2024). When compared to the previous month, the number of closed sales decreased by 21.7%, down from 6,222 sales in October 2025.
18 out of 27 counties saw a decrease in the number of closed sales year-over-year, while 6 saw an increase, and 3 showed no change. The six counties with the largest decreases were Okanogan (-34.3%), Chelan (-26.7%), Skagit (-23.2%), Kitsap (-20.1%), Mason (-14.6%), and Snohomish (-14.6%). The total dollar value of closed sales in November 2025 for residential homes was $3,379,724,300 and was $374,081,902 for condominiums ($3,753,806,202 in total).
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 more than 3 months (3.19) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in November 2025 were Kitsap (2.24), Snohomish (2.28), King (2.82), Pierce (2.85), Island (3.03), and Thurston (3.03).
Below is a graph of Snohomish County & ALL months of inventory in all 23 counties:
Median Price
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 more than 3 months (3.19) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in November 2025 were Kitsap (2.24), Snohomish (2.28), King (2.82), Pierce (2.85), Island (3.03), and Thurston (3.03).
Below is a graph of Snohomish County & ALL median prices in all 23 counties:
NWMLS November 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.
October began with:
- 485 New Listings
- 2.16 Months’ worth of Inventory
- Median home price of $750,000
Let’s break it down per city:
| CITIES | MEDIAN SALES PRICE | % CHANGE OVER LAST YEAR | MONTHS OF INVENTORY |
| BOTHELL | $1,100,000 | -8.26% | 2.16 |
| LYNNWOOD | $795,000 | -6.80% | 1.65 |
| EVERETT | $727,450 | -6.38% | 2.16 |
| SNOHOMISH | $660,000 | -10.81% | 2.16 |
| LAKE STEVENS | $680,250 | -9.46% | 2.92 |
| MARYSVILLE | $655,000 | -6.43% | 2.21 |
What Does This Data Mean?
November’s housing data reinforces the sense that the market is shifting toward a more balanced environment. Active listings were up nearly 24% compared to last year, showing that many more sellers are bringing homes to market, even though inventory dropped seasonally from October. Most counties saw double-digit gains in the number of homes for sale, giving buyers more choices than they’ve had in recent years. Yet closed sales fell 11% year-over-year and more than 20% from the previous month, suggesting that increased supply hasn’t yet converted into stronger buyer activity, likely influenced by affordability challenges and cautious decision-making.
The median sales environment remains slightly seller-leaning, with just over three months of inventory, still below the 4–6 months considered balanced, especially in counties like Kitsap, Snohomish, and King where competition remains tighter. Overall, November’s numbers point to a market continuing to rebalance: more homes available, slower sales, and conditions gradually easing for buyers while still offering solid opportunities for well-positioned sellers.
What Does This Mean If You Are Buying A Home
More choices overall: With active inventory up nearly 24% from last year, buyers generally have more homes to choose from than they did in 2024. This can reduce pressure and create more room for negotiation.
Less competition than last month: Inventory fell from October to November, which is normal for the season, but sales also dropped significantly. Fewer active buyers in the market can give those who are shopping more bargaining power.
Market still favors sellers—but not as strongly as before: Months of inventory is at 3.19, which is below the 4–6 months considered a balanced market. This means buyers may still face competition in popular areas, especially in counties like Kitsap, Snohomish, and King where inventory is especially tight.
Price pressure may ease in some areas: With many counties showing big jumps in listings, buyers in those markets may have more leverage, particularly where supply is growing faster than demand.
What Does This Mean If You Are Selling A Home
More competition from other sellers: With large year-over-year inventory increases in many counties, sellers may need to price more competitively and ensure their homes show well.
Fewer buyers closing deals right now: Closed sales dropped both month-over-month and year-over-year, meaning demand has softened. Homes may take longer to sell, and sellers may see fewer offers.
Still a generally favorable market: Even with more listings and fewer sales, the overall months of inventory is still low enough to benefit sellers. Well-priced homes in desirable counties (like King, Snohomish, and Kitsap) can still attract strong interest.
Seasonal slowdowns are normal: The big month-over-month drop in sales is typical for November, so sellers shouldn’t be alarmed by seasonal trends.
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, Realtor – Prime Listings Group
awagner@primelistingsgroup.com
425.239.2723
