Snohomish County Real Estate Market 2025: Homes vs Condos

Snohomish County Housing Market Review: 2025

Single-Family Homes vs. Condominiums

Snohomish County’s 2025 housing data highlights a year of transition. While overall inventory increased and sales slowed slightly, market conditions varied significantly between single-family homes and condominiums.

Single-Family Homes: More Supply, Stable Prices

New single-family listings increased 5.5% year over year. Active inventory climbed 50.1%, giving buyers more selection throughout the year. As a result, competition eased compared to recent years.

Pending sales declined 4.2%, and closed sales fell 4.7%. However, pricing remained resilient. The annual median sales price finished at $785,000, down less than 1% from 2024. This stability suggests that demand continued to support values, especially for well-priced homes.

Months of inventory ranged from 1.35 to 2.33 months. Therefore, the single-family market moved closer to balance while remaining slightly seller-leaning.

Condominiums: Faster Inventory Growth, Softer Demand

Condominium listings increased 10.2%, while active inventory surged 74.0%. This faster growth outpaced buyer demand and shifted negotiating power.

Pending condo sales declined 6.9%, and closed sales fell 3.6%. Consequently, prices faced more pressure. The annual median condo price dropped 2.4% to $519,990.

Months of inventory ranged from 1.54 to 3.32 months. Several months crossed into buyer-leaning territory, particularly in late 2025.

What This Means Going Forward

Overall, Snohomish County moved toward healthier balance in 2025. Single-family homes showed stronger price resilience, while condos offered buyers increased leverage. Market strategy in 2026 will depend heavily on property type, pricing, and preparation.

Data from NWMLS.