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Featured local agent — Mountlake Terrace, WA
Sarah Mitchell
Compass Real Estate · Mountlake Terrace, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mountlake Terrace, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$675,000median sale price
How is the Mountlake Terrace, WA housing market right now?
The median home sale price in Mountlake Terrace, WA is $675,000, down 4.6% year-over-year. Homes sell in an average of 23 days with 36 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 Mountlake Terrace a buyer's or seller's market?
Mountlake Terrace, WA is currently a seller's market, based on 2.0 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
23
Average pace
Active listings
36
2.0 months supply
Sale-to-list
100.4%
Above asking
What does the Mountlake Terrace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $675,000 |
| Median list price | $649,950 |
| Year-over-year price change | -4.6% |
| Average days on market | 23 days |
| Active inventory | 36 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $417/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 27 |
| Listings with a price cut | 61.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mountlake Terrace by property type?
How the Mountlake Terrace, 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 | $762,500 | $464/sq ft | 10 | 14 days |
| Condo / Co-op | $410,500 | $380/sq ft | 6 | 21 days |
| Townhouse | $710,000 | $479/sq ft | 1 | 53 days |
Source: Redfin · Updated monthly
The Mountlake Terrace housing market is currently classified as a seller's market with a median sale price of $675,000. Prices have fallen 4.6% compared to last year, with homes spending an average of 23 days on market, indicating 2.0 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 6.8x provides context for how home values compare to local earning capacity.
Homes for sale in Mountlake Terrace
There are currently 36 homes listed for sale in Mountlake Terrace, Washington. The median listing price is $650K.
Active listings
36
Homes on market
Median list price
$650K
Avg. days on market
23
Days until sale
New this week
27
Newly listed
Who lives in Mountlake Terrace?
Population
21,419
Median income
$101,404/yr
Median age
38.2 years
Owner-occupied
56.1%
College grads
41.9%
Avg commute
31 min
Source: U.S. Census Bureau ACS
What are homes worth in Mountlake Terrace?
Zillow home value
$686,931
Zillow rent index
$2,078/mo
Price-to-rent ratio
27.5x
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Mountlake Terrace?
Mountlake Terrace is a community of approximately 21K residents with a median age of 38.2 years.The median household income is $101,404, which reflects a relatively affluent area with strong earning potential. 41.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 56.1%, showing a blend of owner and renter-occupied properties. The average commute time is 31 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Mountlake Terrace offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mountlake Terrace?
1 schools tracked · 422 students
The largest public schools serving Mountlake Terrace, 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.
Mountlake Terrace Elementary
Grades K-6 · 422 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 Mountlake Terrace, WA?
Want a head-to-head view? Compare Mountlake Terrace side-by-side with any other U.S. city using our market-comparison tool.
Is Mountlake Terrace a good real estate investment market?
For investors evaluating Mountlake Terrace, the price-to-rent ratio of 27.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.6% 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 Mountlake Terrace's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Mountlake Terrace's median home price.
Frequently asked questions
What is the average home price in Mountlake Terrace?
The median home sale price in Mountlake Terrace is $675,000, down 4.6% from last year.
How long do homes stay on market in Mountlake Terrace?
Homes typically spend 23 days on market before going under contract.
What is the median income in Mountlake Terrace?
The median household income is $101,404 per year.
Is Mountlake Terrace a buyer's or seller's market?
With 2.0 months of supply, Mountlake Terrace is currently a seller's market.
What is the Zillow home value estimate for Mountlake Terrace?
The Zillow Home Value Index (ZHVI) for Mountlake Terrace is $686,931, representing the typical home value in the area.
What is the median condo price in Mountlake Terrace?
The median condo/co-op sale price in Mountlake Terrace, WA is $410,500, compared to $762,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mountlake Terrace?
The median single-family home price in Mountlake Terrace, WA is $762,500 (about $464 per square foot).
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