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SNO-KINGREAL ESTATE INSIGHTS &MARKET TRENDS DECEMBER 2024 RESULTS + MARKET OUTLOOK
INTRODUCTIONI would like to welcome you to a special new edition of my monthly Sno-KingReal Estate Market Report. I am trying a new expanded format to hopefullyhelp you be able to quickly see the big picture – and allow you to also see allthe details as well. I have presented information by geographic area, and byproperty type. You will see snapshotinfographics up front, and detailed tables toward the end of the report.The goal of my monthly market report is to help you to make senseof the patterns and trends in both Snohomish and King County realestate market. Understanding the real estate market is critical foranyone considering a property sale or purchase. As always reach outto me for additional insight.Both Snohomish and King County are very interesting realestate markets both with small micro markets that have theirown unique amenities and price points. You will see thedetails for Single Family homes in specific geographic areas,as well as overall info for Condos & Townhomes.As always I appreciate yourfeedback – and let me know how Ican help you!Thanks!Brandice RaybournBrandice
INSIDE THE REPORTUPDATE FROM BRANDICEINTERESTING STATSHISTORY CB REAL ESTATEDECEMBER SNAPSHOTSNAPSHOT - BY AREASF - MARYSVILLESF – LAKE STEVENSSF - MONROESF – EVERETTSF – MOUNTLAKE TERRACESF – LAKE FOREST PARKSF - BELLEVUESF - KIRKLANDDETAIL PAGES OVERVIEWOVERALL: ALL AREAS/PROPERTY TYPESSF HOMES BY PRICE RANGE MARYSVILLELAKE STEVENSMONROEMOUNTLAKE TERRACEBELLEVUEKIRKLANDLAKE FOREST PARKEVERETTCONDOS (SNOHOMISH & KING COUNTY)COLDWELL BANKER DANFORTHFREE SELLER & BUYER SECRETS•••••••••••••••••••••••••
Thanks,BrandiceI produce this monthly report to turn data into information and to help you understand the patterns and trends – andthe current Sno-King County Real Estate Market. I hope to help YOU make sense of the numbers so you can makeinformed decision. If you see a segment of the market that you would like additional help with understanding pleasecontact me. Or if you desire a specific Property Valuation Report that I routinely prepare for my clients, pleasecontact me. Thank you for the many referrals and recommendations!SNO-KING COUNTY UPDATE FROM BRANDICEMarket Trends Across Snohomish and King Counties•Everett & Monroe: Both cities are seeing shifts toward balanced markets, making this apromising time for buyers and investors. Everett’s affordability and slower appreciation creategreat opportunities for entry-level buyers. Monroe, on the other hand, had an impressive71% increase in closed sales, with high activity in the $650K-$849K price range.•Bellevue & Kirkland: These cities continue to dominate the luxury housing market, withrobust demand in the $1.75M+ price range. Kirkland stood out with 52% more luxuryhome sales and steady price appreciation. Bellevue’s 7-day average time on marketshows that competition remains strong, even during the holidays.•Marysville & Lake Stevens: Both areas offer opportunities for buyers and sellers alike.Marysville saw 55% more closed sales, with strong demand in the mid-price ranges. LakeStevens, meanwhile, experienced a 118% increase in sales for homes priced between$650K and $849K, highlighting its growing appeal.•Mountlake Terrace & Lake Forest Park: These markets are seeing a blend of priceappreciation and longer days on market, depending on the price segment. MountlakeTerrace’s luxury segment continues to thrive, while Lake Forest Park remains highlycompetitive, with homes selling in just 6 days on average.Visit Snohomesbybrandice.com. Cell Phone: (425)367-3881, email: brandice@snohomesbybrandice.comThis photo was taken last week at The Marysville ToyStore event hosted by The Grove Church in Marysville,where volunteers from all over came together to help 2,600children have a magical Christmas. This was my secondyear volunteering for this event, and it remains one ofmy favorite ways to give back to our amazing communityduring the holiday season. As we prepare to leave2024 in the dust and welcome 2025, thehousing market across Sno-King County reflectsboth challenges and opportunities. With the year-end holidays upon us, it’s the perfect time to lookback at the trends shaping our market and plan forwhat’s ahead.In this report, I’ve broken down the data to give you a clear and digestible overview ofthe local real estate market—whether you’re buying, selling, or just staying informed.
Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybourn http://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comMARYSVILLESINGLE FAMILY HOMES DECEMBER 2024
The Marysville housing market for November 2024 continues to show strong growth! Median home prices are up 13% compared to last November, now sitting at $699,975. Homes are selling fast, averaging just 12 days on the market, and sellers are still receiving 100% of their asking price, which is fantastic news for anyone thinking of selling.Currently, there are only 113 single-family homes for sale in Marysville, which reflects the tight inventory we’ve been seeing all year. While prices have risen across the board, the most activity is happening in the $550,000 to $749,999 price range (page 25), which saw 55 homes sold in November—making it the busiest segment of the market. Higher price points, like the luxury market above $1,050,000, remain quieter, with just one home sold last month.The combination of rising prices and limited inventory shows how competitive the Marysville market remains. At the same time, the availability of homes in the mid-price ranges means affordable single-family options are still out there for buyers. If you’ve been considering buying or selling, now is a great time to take advantage of the market conditions!THE MARYSVILLE REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNMarysville SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
Lake StevensSINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
THE LAKE STEVENS REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNLake Stevens SF Housing OverviewThe Lake Stevens housing market for November 2024 continues to show steady activity. Median sales prices have climbed by 10% compared to last November, now sitting at $800,000. Homes are staying on the market a bit longer than before, with an average of 25 days on market, but sellers are still receiving an impressive 97.1% of their original asking price.There were 55 closed sales in November, representing a 83% increase compared to last year. However, inventory remains tight, with only 65 single-family homes for sale, a 20% drop from this time last year. This limited supply continues to drive demand.Breaking it down by price ranges(page 27), the $850,000 to $1,149,999 segment saw the most significant activity, with 17 homes sold, reflecting a 183% increase compared to November 2023. In the higher-end luxury market ($1,150,000+), 8 homes were sold, showing a significant uptick compared to prior Novembers.For buyers, Lake Stevens still offers a range of pricing options, but inventory is moving quickly, so timing is everything. For sellers, the market remains strong with increasing prices and steady demand.BRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
EverettSINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
The Everett housing market for November 2024 is showcasing solid growth and steady activity! Median sales prices have increased by 22% compared to last year, now sitting at $730,000. Homes are selling in an average of 16 days, slightly up from 14 days last November, but sellers are still receiving 99.1% of their original asking price, reflecting a strong demand.There were 99 closed sales in November, marking a 55% increase from the previous year, and 133 homes are currently on the market, which is 57% more inventory than last year. This increase in options might give buyers a bit more breathing room, but Everett remains a competitive market.By price range (page 28), the $650,000 to $849,999 segment saw the most activity, with 35 homes sold, a 118.8% increase compared to last year. The luxury market above $1,150,000 also saw significant action, with 9 homes sold, up from just 1 last year—a 700% increase!For buyers, this means there are more choices in Everett compared to last year, but with homes moving quickly, it's still essential to act fast. Sellers are enjoying a market where their homes are in demand and selling close to asking prices.THE EVERETT REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNEverett SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
MONROESINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
The Monroe housing market for November 2024 shows a mix of stability and growth. Median sales prices dipped slightly by 7% compared to this time last year, coming in at $742,500, but homes are moving faster than ever, with an average of just 9 days on the market—a 40% decrease from last year. Sellers are still benefiting from a strong market, with homes selling at 99.2% of their original asking price.There were 30 closed sales in November, a 11% increase from the previous year. Inventory remains limited, with only 41 homes currently for sale, marking a 7% decrease from last year.Looking at price ranges(page 29), the $550,000 to $749,999 category saw the most activity, with 15 homes sold, up 36% compared to last year. While the higher-end market ($950,000+) remained stable with 4 homes sold, the data suggests ongoing demand across a variety of price points.For buyers, Monroe offers slightly more breathing room with homes moving a bit slower compared to nearby cities, but inventory remains tight. Sellers continue to enjoy a competitive market with high buyer interest and solid offers close to asking prices.THE MONROEREALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNMonroe SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
MOUNTLAKE TERRACESINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
The Mountlake Terrace housing market for November 2024 has seen steady activity. Median sales prices are down slightly by 5% compared to this time last year, now at $687,500, but sellers are still benefiting as homes are selling at 101.4% of their original asking price, slightly higher than last year.Homes are moving quickly, with an average of 9 days on the market, a 29% increase from November 2023. There were 12 closed sales last month, representing a 71% increase compared to November of last year, showing increased buyer activity in the area.Inventory remains tight, with only 12 homes for sale, a 33% increase from last year, but still a small pool of options for buyers. By price range(page 30), the $650,000 to $849,999 segment saw the most activity, with 8 homes sold, doubling the number of sales compared to last year.For buyers, Mountlake Terrace offers a highly competitive market where homes are selling quickly and often above the asking price. For sellers, it’s a fantastic time to list, with strong demand and limited inventory driving competition.THE MOUNTLAKE TERRACEREALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNMountlake Terrace SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
LAKE FOREST PARKSINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
The Lake Forest Park housing market for December 2024 reflects growth in some areas, although inventory remains limited. Median sales prices increased by 10%, reaching $965,000, while the number of days on market jumped to 24 days, representing a 118% increase from last year. Despite the longer market times, sellers still achieved 95.8% of their original asking price.There were 14 closed sales in November, up by 17% from the prior year. However, only 11 homes are currently on the market, an 83% increase in inventory compared to last year, but still a tight supply for the area.Activity by price range (page 25)reveals interesting trends. The $850,000 to $1,129,999 price range remained steady with 5 homes sold, while the $1,130,000+ luxury market saw growth, with 4 homes sold, up 33% from last year. Prices per square foot also increased, with the average now at $479, reflecting a 14% increase.For buyers, the market offers more inventory than last year but remains competitive in key price points. Sellers can benefit from strong pricing trends, but they may need to be patient as homes are taking longer to sell.THE LAKE FOREST PARKREALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNLake Forest Park SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
BellevueSINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
The Bellevue housing market for November 2024 continues to show strong growth and steady activity. Median sales prices increased by 6%, reaching an impressive $1,812,500. Homes are selling quickly, with an average of just 6 days on market, showing no change from last year. Sellers are in an excellent position, receiving 100% of their original asking price, up by 1%.There were 78 closed sales in November, a significant 22% increase compared to last year. However, inventory remains tight, with only 95 homes currently for sale, which is 21% fewer than this time last year.When broken down by price ranges (page 26), the $1,130,000 to $1,649,999 segment saw the most activity, with 30 homes sold, reflecting a 50% increase. The luxury market above $1,650,000 also experienced growth, with 47 homes sold, up 30% compared to last year.For buyers, Bellevue remains a competitive market with limited inventory and quick sales. Sellers can benefit from the strong demand and favorable pricing trends.THE BELLEVUE REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNBellevue SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
KirklandSINGLE FAMILY HOMES DECEMBER 2024Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.com
The Kirkland housing market for December 2024 continues to demonstrate solid growth and activity. Median sales prices reached $1,545,000, reflecting a slight decrease of 1% compared to last year. Homes are selling quickly, with an average of just 7 days on market, up 17% from last year. Sellers are maintaining strong positions, achieving 99.2% of their original asking price, showing no change from the prior year.There were 80 closed sales in November, marking a notable 48% increase compared to last year. Inventory is growing, with 100 homes currently for sale, which represents a 45% increase from this time last year.When broken down by price ranges, the $1,350,000 to $1,749,999 segment saw the most activity, with 22 homes sold, reflecting a significant 144.4% increase. The luxury market above $1,750,000 also saw strong performance, with 32 homes sold, up 52.4%compared to last year.For buyers, Kirkland offers more opportunities with growing inventory, though the market remains competitive due to quick sales. Sellers can capitalize on the high demand and consistent pricing trends.THE KIRKLANDREALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNKirkland SF Housing OverviewBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
DETAIL PAGES OVERVIEWIn this picture, I’m with my twin sister, Candice, checking out the Tulalip Casino Lights in Marysville. If you haven’t been, you need to check it out!The detailed pages that follow include charts and graphs providing valuable insights into the patterns and trends for Single-Family Homes in different geographic areas and price points. You’ll also find information for additional property types, including a Condo Report for King and Snohomish Counties.I’ve received many compliments on the mini reports I send out, which inspired me to turn them into this comprehensive monthly market report.The level of detail in this report reflects the level of service you can expect from me as your Real Estate Agent. Having been involved in numerous transactions throughout Snohomish and King Counties, I’ve gained valuable insights into the market. I love how this report breaks everything down into digestible pieces, and I hope you find it helpful.Thank you for the opportunity to earn your business. I look forward to assisting you!THE SNO-KINGREALESTATEDETAIL PAGES OVERVIEWDECEMBER 2024PREPARED BYBRANDICE RAYBOURNBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable, but not guaranteed.Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comTHE KIRKLAND REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNKirkland SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
Numbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable, but not guaranteed.Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comTHE MARYSVILLE REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNMarysville SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE LAKE FOREST PARKREALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.comNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable,but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comLake Forest Park SF Home Market by Price Range
THE BELLEVUE REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable,but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comBellevue SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE LAKE STEVENS REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable,but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comLake Stevens SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE EVERETT REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable,but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comEverett SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE MONROEREALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable,but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comMonroe SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE MOUNTLAKE TERRACE REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemed reliable,but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comMountlake Terrace SF Home Market by Price RangeBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE SNOHOMISH COUNTY REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNSNOHOMISH COUNTY CONDOSNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
THE KING COUNTY REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURNKING COUNTY CONDOSNumbers and analysis included areas in the Snohomish County and King County areas using the NWMLS. Information contained herein deemedreliable, but not guaranteed. Copyright © Brandice Raybournhttp://www.snohomesbybrandice.com email: Brandice@SnoHomesbyBrandice.comBRANDICE RAYBOURNREAL ESTATE BROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.com
FREE BUYER SECRETS BUNDLEAre You Considering BUYING a Home in Snohomish or King County?In Addition to receiving Your Monthly Newsletter & Market Report You Will Get:1. My Free Book: The Complete Guide to BUYING YourDream Home - Quick and Easy Tips to Help You BuyYour Sno-King County Home.2. Direct Access to the MLS Data - Custom search basedon your criteria. You will get automated notificationswhen a new listing hits the MLS!3. Detailed site for First time Home buyers- Access to a website to get the detailed step-by-step on how to buy your first home and resources.Sign-up Now! Go To: go.snohomesbybrandice.com/buyerFREE SELLER SECRETS BUNDLEAre You Considering SELLING Your Snohomish or King County Home?Get My New Seller Secrets Bundle: In Additionto receiving Your Monthly Newsletter & MarketReport You Will Get:1. My Free Book: The Complete Guide to SELLING YourMountain Dream Home - Quick and Easy Tips to HelpYou Sell Your Home.1. Detailed Checklist- I will provide you with a detailed Checklist of everyThing you need to do to get prepared to put your home on the market.3. FREE Property Valuation Report - What is Your HomeWorth? I will prepare a current Detailed PropertyValuation Report for You!Sign-up Now! Go To: go.snohomesbybrandice.com/sellerBRANDICE RAYBOURNBROKERbrandice@snohomesbybrandice.comcell: 425.367.3881www.snohomesbybrandice.comTHE SNO-KING COUNTY REALESTATEMARKETREPORTDECEMBER 2024PREPARED BYBRANDICE RAYBOURN
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