Mountlake Terrace WA Real Estate Market Update | August 2025

Get the latest real estate market update for Mountlake Terrace, WA, based on the August 2025 sales figures! In this video, local agent Chris Byler breaks down the key statistics you need to know, helping you understand the current trends in MLT.

Discover:

• The median sales price for homes in Mountlake Terrace, which was $757,000 in August, up from $660,000 in July.

• An example of a home that sold near the median price: a 1500 sq ft, four-bedroom home that sold for $775,000.

• The average dollar per square foot, which was $422 in August, compared to $480 in July.

• The number of pending sales, which saw 10 last month, down from 13 in July.

• The sold price to list price ratio of 98%, indicating homes are selling slightly under asking price.

• The average days on market for sold homes, which was 10 days.

• The absorption rate for Mountlake Terrace, standing at 1.8 months, meaning it would take approximately two months to sell all current inventory.

Whether you're looking to buy, sell, or just stay informed about the local market, these insights will help you navigate the Mountlake Terrace real estate landscape.

Have questions about the Mountlake Terrace market or real estate in general?

Reach out to Chris Byler!

Phone: 206-601-8945

Email: ChrisByler@windermere.com

Website: www.NorthEndHomes.com