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This article is part of an ongoing series for home buyers across the Seattle metro area. In previous reports, we looked at real estate conditions in places like Bellevue and Kirkland. Today, we’ll examine the housing market in nearby Lynnwood, Washington.
Are you planning to buy a home in Lynnwood, WA some time in 2025? If that’s you, you will find the following information useful. Let’s take a closer look at the housing market in Lynnwood in 2025.
Lynnwood is a city of about 38,000 people located a few miles north of Seattle. As of March 2025, the median home price was around $776,068, a 7% increase since the same month last year, it’s significantly lower than the median house value in Seattle.
This makes Lynnwood a possible alternative for home buyers who want to live in the Seattle area but cannot afford to buy within the city itself.
As of March 2025, the median home value in Seattle was about $66,000 higher than the median for Lynnwood. That’s based on Zillow’s pricing data and MLS reports. More specifically, Seattle’s current median home price is $842,068, compared to Lynnwood’s average price of $776,069.
But these two markets do have some other things in common, such as a lack of housing supply.
In both cities, there just aren’t enough homes on the market to satisfy the level of demand from buyers. Inventory has remained very tight in both Seattle and Lynnwood, keeping the market very competitive for buyers looking to make a purchase in 2025.
A “balanced” real estate market has somewhere around a 5- to 6-month supply of homes for sale. Most cities across the U.S. are below that level right now, but things are particularly tight across the Seattle metro area. In fact, this area is currently home to some of the most constrained real estate markets in the country.
As of March 2025, both the Seattle and Lynnwood real estate markets had a relatively short supply of homes with less than 1-month supply. That’s well below the 5- to 6-months supply that characterizes a balanced market.
On the bright side, there is expected to be a lot of development on the horizon in Lynnwood, which will hopefully alleviate some of the burden buyers feel in terms of housing inventory available.
As you might imagine, this supply-and-demand imbalance is making things pretty competitive for home buyers. In Lynnwood, homes listed for sale spent an average number of days on the market for 6 days, which is relatively short compared to the national average.
So we’re talking about a very competitive market with limited inventory and fairly quick home sales. That’s something Lynnwood has in common with Seattle, it’s neighbor to the south.
Anyone planning to buy a home in Lynnwood during 2025 will likely encounter similar conditions.
The median home value in Lynnwood, Washington was $776,069 as of March 2025, according to Zillow, with a median sales price of around $742,000, according to RedFin. The average home sells for around 6% over the listing price. So that gives you some idea as to where the local real estate market is, in terms of pricing.
Over the last few years, home prices in Lynnwood have followed a steady upward path. The median value rose by 7% over the last year alone (as of March 2025). And they’re expected to continue climbing over the next 12 months as well.
Consider buying sooner rather than later to avoid (possibly) higher housing costs.
If you are looking to buy a home in Lynnwood in 2025, then you’ll likely need a mortgage to finance it. If so, Sammamish Mortgage can help. We are a local, family-owned company based in Washington and serving buyers in Oregon, Colorado, Idaho, and Washington State. We have plenty of mortgage programs available for you to consider. Please contact us if you need a mortgage loan to buy a home in Lynnwood, or visit our website to get an instant rate quote.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.