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MOUNTLAKE TERRACE, WA 98043

Real Estate Market Report  ·  Snohomish County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇧ 40% vs 20 last year
Pending
11
39% pending ratio
Median Price
$449,950
⇩ 33.3% vs $674,975 last year
Average Price
$544,537
⇩ 18.7% vs $670,009 last year
Days on Market
65
⇧ 54.8% vs 42 days last year

Market Context

Population: 21,347  ·  Density: 2,034.8/mi²  ·  Median household income: $96,085

Typical home value: $559,569  ·  Homeownership: 58.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The MOUNTLAKE TERRACE, WA real estate market (98043) currently shows 28 active listings, with 11 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 65 days on market compared to 42 days last year.

The median listing price has fallen 33.3% year-over-year, from $674,975 to $449,950.

Whether you are buying or selling in MOUNTLAKE TERRACE, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 20 last year
  • Days on market: 65 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $449,950 (-33.3% YoY)
  • Average: $544,537 (-18.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.6 miles — 941 listings ($1,146,254,625 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98043Mountlake Terrace, WA 980430.0 mi28$15,247,036$449,950$544,537
98155Seattle, WA 981552.5 mi73$80,799,904$799,950$1,106,848
98026Edmonds, WA 980263.2 mi88$102,943,720$899,950$1,169,815
98028Kenmore, WA 980283.9 mi63$69,347,502$959,975$1,100,754
98177Seattle, WA 981774.5 mi26$40,491,828$1,015,000$1,557,378
98125Seattle, WA 981255.2 mi85$69,760,265$704,139$820,709
98011Bothell, WA 980115.6 mi52$50,733,228$879,925$975,639
98034Kirkland, WA 980346.8 mi117$121,798,989$762,500$1,041,017
98204Everett, WA 982047.9 mi55$27,299,140$492,000$496,348
98275Mukilteo, WA 982758.1 mi32$36,735,776$850,000$1,147,993
98072Woodinville, WA 980728.4 mi66$104,384,676$1,545,000$1,581,586
98107Seattle, WA 981079.2 mi73$63,613,660$797,950$871,420
98033Kirkland, WA 980339.6 mi183$363,098,901$1,609,950$1,984,147

Frequently Asked Questions

How many homes are for sale in MOUNTLAKE TERRACE, WA 98043?

As of January 2026, there are 28 active listings in MOUNTLAKE TERRACE, WA (zip code 98043), compared to 20 the prior year.

What is the median home price in MOUNTLAKE TERRACE, WA 98043?

The median listing price in MOUNTLAKE TERRACE, WA 98043 is $449,950 as of January 2026, a 33.3% decrease from $674,975 the prior year.

How long do homes stay on the market in MOUNTLAKE TERRACE, WA?

Homes in MOUNTLAKE TERRACE, WA 98043 spend an average of 65 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in MOUNTLAKE TERRACE, WA 98043?

Based on current inventory and days-on-market data as of January 2026, MOUNTLAKE TERRACE, WA 98043 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 65 days on market compared to 42 days last year.

How much can I save on real estate commission in MOUNTLAKE TERRACE, WA?

With SELL123.com's maximum 3% commission, sellers in MOUNTLAKE TERRACE, WA 98043 save an estimated $8,999 compared to a typical 5% commission on the median listing price of $449,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.