Homes Prices in Mill Creek WA for January 2018
Real estate market data for Mill Creek, Washington provided by Lee Gallaher of Keller Williams Realty Everett.
Call 425-438-1144 if you would like more detailed market information specific to your neighborhood.
Find out what your home in Mill Creek Washington is worth on our website.
Mill Creek Home Prices
We have seen several months of selling price increases in home prices in Mill Creek and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Mill Creek. Working with a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price, and often they sell for more. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Mill Creek home on which you are making an offer. 
If you are interested in how much current inventory is on the market in Mill Creek you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently, in this area of Mill Creek, homes have a median time of 55 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Mill Creek has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Mill Creek Real Estate Report Summary
The median list price in January 2018 for single family homes in Mill Creek (98012) is $621,690. The list prices increase from the previous month. The number of active listings in Mill Creek (98012) dropped by 17.1% from the previous month. Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Find Homes for Sale in Mill Creek WA
Visit my website to search for homes in Mill Creek or to be notified when Mill Creek homes come on the market. To find out what your home is worth in the current market email me or call 425-438-1144. Thank you for reading about Home Prices in Mill Creek WA for January 2018.
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