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East Terrace Gateway Lake Ballinger Lake Ballinger (Ballinger) Melody Hill North Terrace Seattle Heights Town Center (Downtown)

MOUNTLAKE TERRACE, WA 98043

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

Neighborhoods in ZIP 98043

East Terrace · Gateway · Lake Ballinger · Lake Ballinger (Ballinger) · Melody Hill · North Terrace · Seattle Heights · Town Center (Downtown)

Market Analysis

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

The MOUNTLAKE TERRACE, WA real estate market (98043) currently shows 41 active listings, with 17 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 22 days on market compared to 18 days last year.

The median listing price has fallen 22.8% year-over-year, from $725,000 to $559,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
41
⇧ 95.2% vs 21 last year
Pending
17
41% pending ratio
Median Price
$559,500
⇩ 22.8% vs $725,000 last year
Average Price
$594,072
⇩ 20.8% vs $750,106 last year
Days on Market
22
⇧ 22.2% vs 18 days last year

Price Per Square Foot

Median $/sqft
$422
⇩ 11.9% vs $479/sqft last year
Median Home Size
1,175 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 21 last year
  • Days on market: 22 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $559,500 (-22.8% YoY)
  • Average: $594,072 (-20.8% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.6 miles — 1,171 listings ($1,411,159,690 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98043Mountlake Terrace, WA 980430.0 mi40$21,895,720$462,488$547,393
98155Seattle, WA 981552.5 mi84$87,432,744$813,500$1,040,866
98026Edmonds, WA 980263.2 mi119$120,832,719$784,000$1,015,401
98028Kenmore, WA 980283.9 mi73$76,422,167$899,000$1,046,879
98177Seattle, WA 981774.5 mi37$54,447,609$949,240$1,471,557
98125Seattle, WA 981255.2 mi110$92,331,250$748,963$839,375
98011Bothell, WA 980115.6 mi72$70,609,968$974,225$980,694
98034Kirkland, WA 980346.8 mi147$153,118,434$889,499$1,041,622
98204Everett, WA 982047.9 mi65$32,149,455$490,000$494,607
98275Mukilteo, WA 982758.1 mi37$46,326,183$937,000$1,252,059
98072Woodinville, WA 980728.4 mi62$100,465,916$1,549,993$1,620,418
98107Seattle, WA 981079.2 mi94$79,050,616$779,238$840,964
98033Kirkland, WA 980339.6 mi231$476,076,909$1,650,000$2,060,939

Frequently Asked Questions

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

As of March 2026, there are 41 active listings in MOUNTLAKE TERRACE, WA (zip code 98043), compared to 21 the prior year.

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

The median listing price in MOUNTLAKE TERRACE, WA 98043 is $559,500 as of March 2026, a 22.8% decrease from $725,000 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 22 days on the market before going under contract, compared to 18 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 March 2026, MOUNTLAKE TERRACE, WA 98043 is currently a Buyer's Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 22 days on market compared to 18 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 $11,190 compared to a typical 5% commission on the median listing price of $559,500. 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.