Is Mountlake Terrace, WA 98043 a buyer’s or seller’s market?

The Mountlake Terrace housing market right now

In the three months ending August 31, 2026, 31% of homes in Mountlake Terrace, WA 98043 sold above their list price, the typical home went under contract in 12 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 57 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (6 days then) and the median sale price fell 5% to $624,730. Overall, Mountlake Terrace is less competitive than a year ago, which gives buyers more room.

Within Snohomish County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 84%. On our competition score, Mountlake Terrace ranks #32 of 298 WA ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Lynnwood 98087 (11% sold over asking) or Bothell 98012 (12% sold over asking), while Index 98256 (50% sold over asking) and Sultan 98294 (33% sold over asking) are even more competitive.