The following November 2024 analysis is for Snohomish County (WA State). Housing data used for my analysis is relative to previously owned, single family homes (no condos), on a 1/2 acre lot or less.
Housing data is extremely location sensitive. Even within Snohomish County, there are zip codes, communities, and even neighborhoods that defy the numbers discussed below. Of course when you zoom out and look beyond Snohomish County, or even Washington State, you will likely see dramatic difference from the specific housing data and trends I’m discussing below.
You can view the latest Snohomish County housing data and charts along with other key housing and economic data here:Â www.joefrankrealtor.com/data
If you’d like to learn about a different area whether within Snohomish County, or beyond, please contact me at joe.frank@exprealty.com and I’d be happy to provide you such data and an analysis.

As November settles in, it’s a great time to take a closer look at what’s been happening in the Snohomish County housing market.
Whether you’re thinking of selling, buying, or just curious about home values in your neighborhood, here’s a look at the latest data, along with insights on where the market might be headed as we wrap up 2024 and move into the new year.
New Listings: Fewer Homes Coming to Market
This October, the number of new homes listed for sale in Snohomish County was lower than in previous years. New listings often peak during spring and summer when many people are ready to make a move. By fall, it’s natural for listings to taper off, but this year the dip seems a bit more pronounced​. Why? Many homeowners are choosing to hold off listing their homes due to recently rising mortgage rates, which can make the idea of buying a home feel more daunting, and of course costly!
For sellers, this reduced competition could be a great advantage if you need to sell soon. Fewer homes on the market can mean yours will stand out more if you choose to sell this season. However, if your situation allows, I would recommend holding off until at least February as you'll likely realize a higher sale price as we enter the 2025 peak selling season.
Home Prices Holding Strong Despite Some Softening
In October, the average sales price for a home in Snohomish County was close to $800,000. While prices have softened slightly from their highs earlier this year, they remain strong compared to past years​. This resilience in home prices speaks to Snohomish County’s appeal, as many buyers are still looking to move here despite higher mortgage rates.
For sellers, this means you’re still in a good position to get a great price for your home, especially if it’s in a desirable location or has modern updates.
For buyers, the current market offers a bit more breathing room to negotiate than in recent years, which can lead to a better deal.
Showings to Pending: Buyers Taking Their Time
The average number of showings before a home goes under contract has increased. In October, it took more showings for homes to go pending than it did last year​, and even just this past August. Buyers are spending more time carefully considering their options rather than rushing into decisions.
Higher home prices coupled with higher mortgage rates have encouraged buyers to be more selective and thoughtful, so they’re weighing each home more carefully to ensure it’s the right fit for them.
If you’re selling, this means patience is key. Homes are still selling well, but it may take a bit longer for buyers to make a decision. For buyers, this market shift offers a chance to explore more options without feeling the pressure to act immediately.
Purchase Price as a Percent of Original Price: Buyers Have More Negotiating Power
One big shift is that on average, homes are selling for just under the asking price in October – a change from the high-demand days of 2021 and 2022 when buyers often had to bid over asking​ price. In other words, buyers have a bit more room to negotiate these days, especially for homes that have been on the market a little longer.
For sellers, this underscores the importance of pricing and marketing your home strategically. Pricing too high could mean longer days on the market and potential price reductions.
Days on Market: Homes Taking a Bit Longer to Sell
In October, the average home stayed on the market for about 30 days, a bit longer than in past years​. This increase isn’t a cause for concern; it simply reflects a market adjusting to the higher interest rate environment and lack of affordability, and the normal seasonality factor. Buyers are being cautious, and the days when homes were snapped up within a week are behind us (at least for now).
For sellers, this means that while homes are taking a bit longer to sell, there’s still strong buyer interest. Homes that are properly marketed and staged will normally sell much quicker than the average days on market.
Inventory Levels: Supply is Limited, Keeping Prices Stable
The number of homes for sale in Snohomish County this October is similar to levels seen in October 2023. Inventory constraints continue to be a major factor in Snohomish County, preventing prices from dropping sharply despite cooling demand. This steady but limited supply of homes means that if you’re looking to buy, acting sooner rather than later may help you secure a home before inventory dips further this winter.
Additionally, there are quite a few new homes being built in and around Snohomish County, and several more communities planned for the coming years. This could be a good option, especially if you like the idea of new, clean, and move in ready. In many cases you can even select options such as countertops, appliances, and more.
Looking Ahead to the End of 2024 and Beyond
As we head deeper into November and then December, the housing market naturally cools with the season, but there’s still ample opportunity.
For sellers, it’s a great time to list if you want to stand out, as there’s less competition from other homes on the market. Buyers are still out there, and many are motivated to make a move before the holidays.
Into 2025: The new year often brings a fresh wave of interest from buyers and sellers. If mortgage rates stabilize, we may see more buyers ready to re-enter the market with confidence. If rates remain elevated, buyers may continue to have the upper hand, and we could see a gradual increase in inventory. Either way, Snohomish County remains a highly desirable area, and the long-term value of homes here is strong.
As always, whether you’re buying or selling, I’m here to guide you through the Snohomish County housing market. My goal is to help you make informed decisions, get the best deal possible, and feel confident every step of the way. Let’s make your next move a smart one!
Please remember, I’m providing opinions on Snohomish County housing data only. Housing markets vary greatly from one market to the next, and even from neighborhood to neighborhood.
If you'd like to learn more about the Snohomish County housing market—whether by zip code, community, or neighborhood—or if you're curious about other counties, cities, or states, and the best times to buy, sell, or rent, please contact me. I love talking markets and real estate, so would be thrilled to discuss with you (of course at no cost or obligation)!
To view the Snohomish County housing trends, mortgage rates, and other data that I used for this market update, please visit: Joe Frank Realtor Data
Thank you for taking the time to read this article!
And as always, if you have any questions or comments, please feel free to leave below, email, text, or find me on social.
Cheers!
-Joe
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note: this podcast is AI created from this blog article.
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