Real Estate Market Statistics for Lynnwood, WashingtonFor today's market update we are looking at what single family homes are selling in Lynnwood, WA. These numbers come from our MLS, are current as of this morning and cover the last 180 days of activity. Do bear in mind that there is likely less activity in the last 180 than in the rest of the year due to the holiday season.
|2 Bedrooms||3 Bedrooms||4 Bedrooms||5+ Bedrooms||All Bedrooms|
|# of Units Sold||8||136||99||39||282|
|Total Dollar Value||$2,132,300||$35,264,260||$30,705,335||$13,657,283||$81,759,178|
|Average List Price||$276,725||$266,957||$316,743||$352,293||$296,514|
|Average Sold Price||$266,538||$259,296||$310,155||$350,187||$289,926|
|Average Market Time||85||73||75||67||73|
|Average Square Feet||1500||1676||2178||2558||1969|
|% of List Price||98.33||97.4||98.07||100||97.97|
For the properties that are selling, the market times are not bad! The problem is that right now there are 317 single family homes on the market in Lynnwood, so competition is pretty stiff to get those contracts. This makes marketing and pricing VERY important. Think about it, in 180 days only 8 two bedroom homes sold in Lynnwood. Just over one a month!
If you are preparing to sell your home in Lynnwood, my advice is to prepare your home as best as possible and price your home aggressively!