Mountlake Terrace WA Real Estate Market Update November 2025

Welcome to the Byler Real Estate market report, focusing on Mountlake Terrace, WA!

In this essential update for November 2025, Realtor Chris Byler analyzes the latest real estate sales figures for October in Mountlake Terrace (MLT). Understand current housing trends, inventory levels, and pricing changes that affect buyers and sellers in the North End.

Key Mountlake Terrace Market Statistics Covered:

• Median Sales Price: The median sales price in MLT was $773,000, marking a significant increase from $585,000 recorded in September.

• Price Per Square Foot: The average dollar per square foot dropped to $423, down from $493 in September.

• Pending Sales: The number of pending sales went up to 16, compared to 12 in September.

• Negotiation Trends: On average, homes are selling well under asking, with the sale price to list price ratio at 94%.

• Time on Market: The average days on market (DOM) for sold homes was 46 days.

• Absorption Rate: The absorption rate is currently 0.9 months, indicating it would take less than a month to sell all current inventory based on the present rate of sales.

We review a specific example: a split entry style home, approximately 2,000 square feet, located in South Lake Terrace, which sold for $777,000.

If you have questions about the October market data, the real estate market in general, or are thinking about buying or selling in Mountlake Terrace or the surrounding North End area, please reach out.

We wish you and yours a very Happy Thanksgiving!

Contact Information:

Chris Byler, Realtor Phone: 206-601-8945

Email: ChrisByler@windermere.com

Website: www.NorthEndHomes.com