Lynnwood Home Prices: Q2 2025 Market Update

The second quarter of 2025 is behind us, and Lynnwood is showing signs of stabilizing while still holding its ground. Appreciation has slowed compared to hotter parts of the county, but overall, the market remains solid. There’s a lot of noise out there, so I’m breaking down what’s really happening with prices, inventory, and buyer activity — using just the facts.

Prices Are Flat, but That’s Not a Bad Thing

The average home price in Lynnwood last month was $781,003. The median came in at $775,000. Both are essentially flat. When we smooth out the data with a rolling 12-month view, the median price sits at $759,000, up 1.2 percent, and the average at $782,000.

This tells us that while some neighborhoods are appreciating slightly, others are softening. That is completely normal in a city with a mix of property types and price points.

Inventory Is Up, but the Headlines Are Misleading

New listings are up just over 5 percent. Total homes for sale jumped by 52.7 percent, which sounds huge until you remember how low inventory was to begin with. When you climb from historic lows, those percentage spikes look scary on paper — but they don’t mean the market is crashing.

Pending sales are up nearly 13 percent, which tells me that buyers are still out there and making moves. And once interest rates start to dip closer to 6.5 percent, expect that buyer activity to increase further.

Closed Sales, DOM, and Supply Levels

Closed sales are holding steady year over year. The average days on market in Lynnwood is sitting at 20 days, which is still a fast-moving market. Months of supply for pending listings is 2.4 — below the 6-month threshold that signals a shift to a buyer’s market.

Despite the media panic, this is not 2008. We are simply moving from a white-hot pace to a more balanced, pre-COVID-style market. The numbers match what we saw in 2015 through 2019, and that was a healthy time for real estate.

Buyers Are Still Getting Some Leverage

Last month, homes in Lynnwood sold for 98.8 percent of original list price. That means the average buyer got about 1.2 percent off. During the winter, that number dropped as low as 95.1 percent, meaning some buyers scored deals around 5 percent off asking.

In general, anything below 98 percent signals a cooling trend. If you are a buyer, that’s where the opportunity lies — especially in slower months.

Where to Look for Deals

The current price per square foot is $416. If you want to spot potential deals, start by sorting listings by lowest price per square foot, then cross-check with highest days on market. That’s where you’ll find sellers who may be more negotiable and properties that have room to move.

Showings Are Telling the Truth

The average home needed 11 showings to go pending. The average listing only got 4.7. That gap tells you everything. If your property is well-staged, priced appropriately, and marketed well, and it’s still not moving, chances are your price is the problem.

What to Expect Going Forward

Right now, Lynnwood prices are holding steady. As interest rates continue their slow decline, expect the pace of appreciation to pick back up. Historically, most appreciation happens in the spring. The second half of the year usually flattens out or even dips slightly. That is normal, and nothing to panic about.

If you're buying, this is still a good time to negotiate. If you're selling, understand that the bar has been raised. Your pricing, presentation, and timing all matter.

These stats cover the city as a whole. If you want to know what this means for your neighborhood or your property specifically, let’s dig into the details. The more precise the data, the better your decision.