Snohomish County Real Estate Market Update — November 2022

Snohomish County Real Estate Market Update - October If you're in the market for a new home, or just curious about what's going on in the Snohomish County real estate market, you'll want to read this post. We'll break down all the latest stats and give you an overview of what's happening both average and sale prices, inventory levels, and more. Plus, we've got some advice for how to stay ahead of the competition when house hunting in today's market. So whether you're a first-time buyer or a seasoned pro, read on for the scoop on Snohomish County real estate!

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Snohomish County Homes Listed Monthly

New Listings in Snohomish County WA by Month

The number of residences listed in Snohomish County this year started lower in January and steadily increased until June. It came to a peak in June, before falling throughout the following months. October was no exception, and this October 2022 aligns with previous years.

Snohomish County Active Listings

Active Listings in Snohomish County - October 2022

While 2022 started with historically low inventory, it surpassed both 2020 and 2021 at its peak in July. Since then, active listings have been on a decline. This is expected to continue through November and December, as winter isn’t a popular time for selling homes.

Snohomish County Homes Pending Monthly

Total Pending Listings - Snohomish County WA

For the first three months of 2022, there was consistent growth in residences in Snohomish County. After that, the total number of pending listings rose and fell, hitting its high point in August. October saw a significant decrease due to the month not being popular for buying homes.

Snohomish County Homes Sold Monthly

Snohomish County Total Monthly Sales

Like in the previous chart, Snohomish County saw a significant decrease in total sales due to October being an inopportune time for many buyers and sellers. While previous years also saw a decrease in October, 2022 has the largest decrease in recent years, which is likely in part due to rising interest rates.

Average Selling Price Per Month - Single-Family Home

Average Single-Family Home Prices in Snohomish County, WA, October 2022

2022 started with the highest average single-family sales price in recent years and rose until April, when it reached its highest point. Between May and August, prices fell slightly until rising again in September. October saw a continuation of the declining pattern, though it wasn’t as significant as it had been over the summer months.

Snohomish County Average Selling Price Per Month - Condos & Multi

Average Condo & Multi-Family Home Prices in Snohomish County - Oct 2022

After coming down from a massive peak in August, October’s condo and multi-family market has become stable again, decreasing only slightly since September. Previous years have had condo and multi-family home prices both increasing and decreasing at the end of the year, so only time will tell if this pattern will continue.

Let RexMont Real Estate Help You Buy Your Next Snohomish County Home

The Snohomish County housing market is always changing, so it’s important to stay up-to-date on the latest data. Rexmont Real Estate is here to help you do just that. We provide monthly updates on the number of homes listed, pending and sold in Snohomish County as well as the average selling price per month. If you’re thinking about buying a home in Snohomish County, be sure to check out our website for the latest information. And if you have any questions, don’t hesitate to contact us – we would be happy to help!

Previous Market Updates

October 2022 Snohomish County Real Estate Market Update

Here is our analysis of the Snohomish County real estate market as of October 2022.

Snohomish County Homes Listed Monthly

New Snohomish County Home Listings in September 2022

The number of homes listed in Snohomish County began lower in January and consistently went up until peaking in June. Since then, the number of listed homes has decreased each month. However, homes that do get listed haven’t remained on the market for long as buyers jump on listings as soon as the listings are published. As mortgage rates impact buyer affordability, we may see listings linger a little longer on the market as the year progresses.

Snohomish County Active Listings

Active Snohomish County Home Listings in September 2022

Snohomish County has seen historically low inventory levels at the beginning of 2022, but numbers climbed through the year until peaking in July. Since then, numbers have decreased slightly since then and are expected to continue through the end of the year.

Snohomish County Homes Pending Monthly

Pending Snohomish County Home Listings in September 2022

There was a consistent increase in pending homes in Snohomish County for the first three months of 2022. Snohomish County had a significant decrease in June but increased in July and August. September saw another decrease, though this is in line with previous years.

Snohomish County Homes Sold Monthly

Sold Snohomish County Home Listings in September 2022

At the beginning of the year, sales numbers in Snohomish County were trending upwards from January through May. However, they started trending downwards in June and continued decreasing through August. September saw a large jump upward, but this could change due to increasing mortgage rates affecting buyer affordability.

Average Selling Price Per Month - Single-Family Homes

Average Sales Price for Snohomish County Single Family Homes in September 2022

Snohomish County started the year with four months of rising prices that peaked in April. However, prices decreased from May through August. Despite this, September saw a sizable increase.

Snohomish County Average Selling Price Per Month - Condos & Multi-family Homes

Average Sales Price for Snohomish County Condos and Multifamily Homes in September 2022

Snohomish County started 2022 with increasing prices that peaked in March. Since then, there has been a pattern of increasing and decreasing. Multi-family home prices saw an overall decrease in September.


September 2022 Snohomish County Real Estate Market Update

Looking to find the latest market update for Snohomish County? Take a look at our overview of what's happening in the Snohomish County real estate market as well as what to expect in the future. If you want to buy or sell a home soon, it's essential to learn the current real estate market trends in your area. Our market stats will help you become an informed home buyer or seller.

Snohomish County Homes Listed Monthly

New Snohomish County Home Listings in August 2022

As illustrated, the number of homes listed in Snohomish County this year began lower at January and constantly went up until June. 

It reached its highest as of now on June, but we can see that it went down on July - August. Homes that do get listed haven’t remained on the market for long with anxious buyers jumping on listings as soon as they hit the market. As buyer affordability is impacted by mortgage rates, we may see listings linger a little longer on the market as the year progresses.

Snohomish County Active Listings

Active Snohomish County Home Listings in August 2022

The graph illustrates monthly active inventory in Snohomish County in 2022. It has shown historically low inventory but has started going  up until July 2022  and is expected to continue in this direction as the year progresses. But it went a bit down this month of August.

Snohomish County Homes Pending Monthly

Pending Snohomish County Home Listings in August 2022

So far in 2022, we can see that there's a constant increase in homes in pending in Snohimish County for the first three months. Snohomish County had significant decrease on June, but  increased this July-August.

Snohomish County Homes Sold Monthly

Sold Snohomish County Home Listings in August 2022

The graph illustrates the number of homes sold per month. At the beginning of the year, sales numbers in Snohomish County were trending upwards from January up to

May. However, they have started to trend downwards on June up to the recent month which is August, and are expected to continue in that direction as increased mortgage rates will continue to impact buyer affordabilty.

Average Selling Price Per Month - Single Family Home

Average Sales Price for Snohomish County Single Family Homes in August 2022

The graph shows that Snohomish County is trending upwards and reached the highest sales price on April 2022. However, sales price started going down on May and continued until August.

This chart depicts prices from January 2022 to August 2022

Snohomish County Average Selling Price Per Month - Condos & Multi

Average Sales Price for Snohomish County Condos and Multifamily Homes in August 2022

Looking at the graphs, we can see that Snohomish County is going up until the third month, but went down on April. It went up again on May, and went down on June.  However, it started gradually increase again on the recent months which is July-August. 

This chart depicts prices from January 2022 to August 2022

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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