March 2025 at a Glance: Snohomish County

 

Snohomish County led the charge across the NWMLS with one of the largest year-over-year jumps in active inventory—up a remarkable 83.1% compared to March 2024. This increase reflects growing seller confidence as mortgage rates have begun to ease slightly. Buyers, meanwhile, were quick to re-enter the market with enthusiasm, snapping up nearly 800 homes.

With a median sales price of $755,000, Snohomish continues to remain one of the more competitive counties in the region—second only to San Juan and King Counties in pricing.

🏡 Market Context Across the Region

King County also saw strong activity with 7,973 active listings and a median sales price of $855,000. Buyers in King are navigating a wider selection of inventory, but competition remains fierce for homes in desirable neighborhoods.

Pierce County maintained steady growth, ending the month with 3,306 active listings and a median sales price of $565,000. Pierce remains a more affordable alternative for many buyers being priced out of Snohomish or King.

🔍 What’s Driving the Market?

While mortgage rates remain in the mid-6% range (dropping slightly to 6.65% in March), they’re still higher than many buyers and sellers would like. That said, the spring market is offering new opportunities for those ready to act:

  • Sellers are finding success listing early, with more buyers returning to the market as the weather—and sentiment—warms up.

  • Buyers are being rewarded for staying engaged, especially with the growing inventory giving them more options.

And while affordability remains a concern, programs like Down Payment Resource (DPR)—now available on more than 13,500 properties across the region—are helping make ownership more accessible.

📞 Ready to Navigate This Market?

Whether you’re thinking of making a move this spring or want to explore your options as a buyer or seller, I’d love to be your local resource and guide.

Let’s talk strategy, timing, and what your next steps might look like in this evolving market.

📱 Call or text me today at 425.250.9422
📧 Or visit The Pelham Group Northwest to get started.

Market data sourced from Northwest MLS – March 2025 Market Snapshot. All information deemed reliable but not guaranteed.