Mountlake Terrace, WA Home Values & Market Trends
Real estate market trends reflect that there have been 218 transactions over the past year in Mountlake Terrace. The median value for residential home transactions that occurred over the previous year is $673,021. The number of current listings in Mountlake Terrace is 356, and the percentage of properties for sale in the city is 356.00%. Mountlake Terrace, WA currently has 6 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 356 properties for sale.
Mountlake Terrace, WA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 98043 | $ 673,021 $ 455/sqft |
Housing Market Summary for Mountlake Terrace, WA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $649.5K | $664.5K | 2.31% |
| Median Sold Price | $709K | $605.9K | -14.55% |
| Homes For Sale | 252 | 346 | 37.30% |
| Homes Sold | 83 | 65 | -21.69% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mountlake Terrace, WA
Browse Homes in Mountlake Terrace, WA
Mountlake Terrace home values range from $225,000 to $1,638,169. The median estimated value of a home in Mountlake Terrace is $673,021. The median list price of a home is 656,656, and the total count of properties in the city is 432.
- Pre-ForeclosurePre-foreclosure homes account for 0.69% of all residential properties in Mountlake Terrace, WA with 98043 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Mountlake Terrace, WA; of that zips, the estimated home value for pre-foreclosure homes ranges from $650,715 in 98043 to the lowest home value of $277,101 in 98043.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mountlake Terrace, WA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Mountlake Terrace, WA. There is 1 zips within Mountlake Terrace, WA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions98043 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Mountlake Terrace, WA. Auction homes and other auction properties account for 0.69% of all properties in Mountlake Terrace, WA. There is 1 zips within Mountlake Terrace, WA; of that zips, the median estimated home value for homes going to auction ranges from $684,608 in 98043 to the lowest value of $444,493 in 98043.
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Guide for Mountlake Terrace, WA
Washington Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
