Real Estate Market Update for Mountlake Terrace, WA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up nearly 300% from one year earlier, and down 8% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 400%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 420-thousand dollars. The number of units sold increased 92% year-over-year, and increased 53% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Mountlake Terrace, WA

Area Information for Mountlake Terrace, WA
  • Population: 21,345
  • Median Age: 40.26 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 5,262/sq mi
  • Population Change Since 2000: 3.85%
  • Closest Airport: Snohomish County (paine Field)
  • Closest College: Bastyr University
  • Closest Jr. College: Edmonds Community College
  • Median Household Income: $75,947
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $485,500
  • Closest Major Sports Team: Seattle Storm
  • Change Avg. Household Income Since 2000: 63.25%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Mountlake Terrace, WA
Median Age: 40.26 Married: 40% Number of Households: 8,799 Households with Children: 2,292
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Mountlake Terrace, WA

      School Name Distance Type Grades School Rating
      Challenge Elementary School 0.1 mi Public K-6 5
      Terrace Park School 0.1 mi Public K-6 3
      Mountlake Terrace Elementary School 0.5 mi Public PRESCHOOL-6 2
      St. Pius X Elementary School 0.6 mi Catholic PRESCHOOL-8 0
      Brighton School 0.8 mi Private PRESCHOOL-8 0
      Cedar Way Elementary School 0.9 mi Public K-6 2
      Mountlake Terrace High School 0.9 mi Public 9-12 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Mountlake Terrace, WA
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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