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Featured local agent — Mill Creek, WA
Sarah Mitchell
Compass Real Estate · Mill Creek, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mill Creek, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$741,750median sale price
How is the Mill Creek, WA housing market right now?
The median home sale price in Mill Creek, WA is $741,750, down 32.6% year-over-year. Homes sell in an average of 14 days with 47 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mill Creek a buyer's or seller's market?
Mill Creek, WA is currently a seller's market, based on 2.9 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
14
Fast-moving
Active listings
47
2.9 months supply
Sale-to-list
99.0%
Below asking
What does the Mill Creek housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $741,750 |
| Median list price | $1.05M |
| Year-over-year price change | -32.6% |
| Average days on market | 14 days |
| Active inventory | 47 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 99.0% |
| Median price per sq ft | $429/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 30 |
| Listings with a price cut | 44.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mill Creek by property type?
How the Mill Creek, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.18M | $547/sq ft | 8 | 7 days |
| Condo / Co-op | $682,900 | $398/sq ft | 3 | 16 days |
| Townhouse | $680,000 | $371/sq ft | 5 | 44 days |
Source: Redfin · Updated monthly
The Mill Creek housing market is currently classified as a seller's market with a median sale price of $741,750. Prices have fallen 32.6% compared to last year, with homes spending an average of 14 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.9x provides context for how home values compare to local earning capacity.
Homes for sale in Mill Creek
There are currently 47 homes listed for sale in Mill Creek, Washington. The median listing price is $1.0M.
Active listings
47
Homes on market
Median list price
$1.0M
Avg. days on market
14
Days until sale
New this week
30
Newly listed
Who lives in Mill Creek?
Population
20,846
Median income
$121,578/yr
Median age
38.8 years
Owner-occupied
59.8%
College grads
53.7%
Avg commute
32.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Mill Creek?
Zillow home value
$962,633
Zillow rent index
$2,374/mo
Price-to-rent ratio
33.8x
Price-to-income
7.9x
Source: Zillow Research
What is it like to live in Mill Creek?
Mill Creek is a community of approximately 21K residents with a median age of 38.8 years.The median household income is $121,578, which reflects a relatively affluent area with strong earning potential. 53.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 59.8%, showing a blend of owner and renter-occupied properties. The average commute time is 32.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Mill Creek offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mill Creek?
3 schools tracked · 3,826 students
The largest public schools serving Mill Creek, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Henry M. Jackson High School
Grades 9-12 · 2,157 students
Heatherwood Middle School
Grades 6-8 · 1,010 students
Mill Creek Elementary
Grades PK-5 · 659 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mill Creek, WA?
Want a head-to-head view? Compare Mill Creek side-by-side with any other U.S. city using our market-comparison tool.
Is Mill Creek a good real estate investment market?
For investors evaluating Mill Creek, the price-to-rent ratio of 33.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 32.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Mill Creek's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Mill Creek's median home price.
Frequently asked questions
What is the average home price in Mill Creek?
The median home sale price in Mill Creek is $741,750, down 32.6% from last year.
How long do homes stay on market in Mill Creek?
Homes typically spend 14 days on market before going under contract.
What is the median income in Mill Creek?
The median household income is $121,578 per year.
Is Mill Creek a buyer's or seller's market?
With 2.9 months of supply, Mill Creek is currently a seller's market.
What is the Zillow home value estimate for Mill Creek?
The Zillow Home Value Index (ZHVI) for Mill Creek is $962,633, representing the typical home value in the area.
What is the median condo price in Mill Creek?
The median condo/co-op sale price in Mill Creek, WA is $682,900, compared to $1.18M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mill Creek?
The median single-family home price in Mill Creek, WA is $1.18M (about $547 per square foot).
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