Lynnwood, WA August 2025 Housing Market
July 2025 was a Seller's market! The number of for sale listings was up 40.2% from one year earlier and up 10.9% from the previous month. The number of sold listings increased 8.5% year over year and decreased 5.9% month over month. The number of under contract listings was up 22.6% compared to previous month and up 38.2% compared to previous year. The Months of Inventory based on Closed Sales was 2.2, up 28.9% from the previous year.
The Average Sold Price per Square Footage was down 2.1% compared to previous month and down 1.6% compared to last year. The Median Sold Price decreased by 12.1% from last month. The Average Sold Price also decreased by 11.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a downward trend, an increase of 7.1% compared to previous year. The ratio of Sold Price vs. Original List Price was 99%, was the same compared to previous year.
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It was a Seller's Market
Property Sales (Sold)
July property sales were 64, up 8.5% from 59 in July of 2024 and 5.9% lower than the 68 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 41 units of 40.2%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 10.9% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 22.6% in the pended properties in July, with 76 properties versus 62 last month. This month's pended property sales were 38.2% higher than at this time last year.
All reports are published August 2025, based on data available at the end of July 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Depreciating*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The July 2025 Average Sold Price per Square Footage of $425 was down 2.1% from $434 last month and down 1.6% from $432 in July of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Downward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for July 2025 was 15, down 21.1% from 19 days last month and up 7.1% from 14 days in July of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 99% was down 1% % from last month and the same as in July of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published August 2025, based on data available at the end of July 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Depreciating*
The Average For Sale Price in July was $929,000, down 7.4% from $1,003,000 in July of 2024 and down 0.9% from $937,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in July was $772,000, down 10.2% from $860,000 in July of 2024 and down 11.2% from $869,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in July was $725,000, down 11.6% from $820,000 in July of 2024 and down 12.1% from $825,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The July 2025 Months of Inventory based on Closed Sales of 2.2 was increased by 28.9% compared to last year and up 15.8% compared to last month. July 2025 was Seller's market.
Months of Inventory based on Pended Sales
The July 2025 Months of Inventory based on Pended Sales of 1.9 was the same compared to last year and down 9.6% compared to last month. July 2025 was Seller's market.
All reports are published August 2025, based on data available at the end of July 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The July 2025 Absorption Rate based on Closed Sales of 44.8 was decreased by 22.5% compared to last year and down 15% compared to last month.
Absorption Rate based on Pended Sales
The July 2025 Absorption Rate based on Pended Sales of 53.1 was decreased by 1.5% compared to last year and up 10.4% compared to last month.
All reports are published August 2025, based on data available at the end of July 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
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