In Snohomish County, 64.8% of homes sold in March went pending within the first 30 days — nearly double the benchmark for a balanced market and a loud signal that we’re deep in Surge-to-Frenzy territory.

The most competitive slice of the market? Homes priced between $500K and $750K, where a staggering 69.5% of listings are going pending in the first month. This price point continues to dominate, especially among first-time buyers and move-up buyers who are laser-focused on affordability and value.

Even luxury homes over $1.5M are seeing strong buyer interest — particularly for those that check all the boxes on lifestyle features, smart tech, and location.

Key Takeaways:

📌 For Buyers:
Speed isn’t just smart — it’s essential. In the $500K–$750K range, competition is fierce and timelines are short. Pre-approval, fast decision-making, and flexible offer terms can give you the edge in multiple-offer scenarios.

📌 For Sellers:
If your home is clean, modern, and priced to reflect today’s market — expect activity fast. But don’t let this pace tempt you into overpricing. Today’s buyers are sharp, and even in a hot market, homes that miss the mark can still linger.

📌 For Everyone:
The days-on-market clock is ticking faster than ever. If you want to win — whether buying or selling — timing, strategy, and preparation matter more than ever.

• Current Effect:

  The average sale price for homes in Snohomish County rose to $802,168 in March 2025, continuing its steady climb despite affordability headwinds and elevated mortgage rates. Strong buyer demand and low inventory are keeping upward pressure on prices, particularly in the most competitive segments of the market.

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  By Property Type – March 2025:

  • 🏠 Single-Family Homes: $879,833

  • 🏢 Condos: $562,078

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  5-Year Appreciation (March 2020 to March 2025):

  • 📈 Overall Home Values: Up 51.4% (from $529,673 to $802,168)

  • 🏠 Single-Family Homes: Up 54.9% (from $567,829 to $879,833)

  • 🏢 Condos: Up 35.4% (from $414,936 to $562,078)

  This isn’t just steady growth — it’s exceptional equity. Over five years, Snohomish County homeowners have seen their investment significantly outpace inflation, further reinforcing the long-term value of homeownership.

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  Pricing Dynamics

  The list-to-sale price ratio currently sits at 99.5%, meaning homes are consistently selling very close to asking price. Even in a higher-rate environment, well-priced homes are commanding solid offers — especially in the $500K–$800K sweet spot where buyer demand is strongest.

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  Key Takeaways:

  📌 For Sellers:
  You’ve built serious equity — now could be the ideal time to cash in. The $500K–$800K range continues to attract the most buyers, and well-presented homes (think smart updates and great staging) are moving quickly. Luxury listings are also performing well, especially when they offer premium features and lifestyle appeal.

  📌 For Buyers:
  Yes, rates are higher — but waiting could mean paying more. With home prices steadily climbing and buyer competition heating up, getting in now secures today’s prices and puts you on the path to future appreciation. Snohomish County continues to deliver strong long-term returns, making ownership a smart wealth-building move.

According to the John L. Scott 6 Phases of the Yearly Housing Cycle, Snohomish County is officially shifting from the New Year Kickoff Phase into the Spring Surge Phase — the busiest and most competitive part of the real estate calendar.

This seasonal shift typically brings:

🌷 A flood of new listings as sellers aim to capitalize on spring buyer demand
🚪 More buyer traffic at open houses as the weather improves and serious shoppers jump into the market
⚔️ Heightened competition — especially in affordable price bands and popular school districts

We’re already seeing this play out: March numbers show pending sales spiking, days on market dropping, and inventory levels still hovering far below balanced conditions. Buyers are coming in strong — and the early-spring sellers are reaping the rewards before April and May bring a rush of new competition.

What This Means:

📌 For Sellers:
Now’s the time to act. Inventory is still tight, and buyer demand is surging. Listing in early spring — especially if your home is move-in ready and well-marketed — can mean faster sales and stronger offers, without as much competition.

📌 For Buyers:
More homes are coming... but so are more buyers. Acting now, while other shoppers are still sorting financing or waiting for "the perfect listing," can give you a leg up. Homes under $1M, particularly in the $500K–$800K range, are already fielding multiple offers — and that pressure will only grow deeper into the Spring Surge.