Is Lynnwood, WA 98087 a buyer’s or seller’s market?
Lynnwood is a seller’s market. With about 2.9 months of supply and 11% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 45% of U.S. ZIP codes, and #224 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lynnwood housing market right now
In the three months ending August 31, 2026, 11% of homes in Lynnwood, WA 98087 sold above their list price, the typical home went under contract in 32 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 115 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold more slowly (17 days then) and the median sale price held steady to $707,194. Overall, Lynnwood is less competitive than a year ago, which gives buyers more room.
Within Snohomish County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, Lynnwood ranks #224 of 298 WA ZIP codes with enough sales (score 45 out of 100).
Nearby, Index 98256 (50% sold over asking) and Sultan 98294 (33% sold over asking) are even more competitive.
Run the numbers for 98087
Nearby markets
Arlington 98223Seller’s market $389 /sq ftBothell 98012Seller’s market $437 /sq ftBothell 98021Seller’s market $475 /sq ftDarrington 98241Seller’s market $278 /sq ft Browse all markets →Towns like Lynnwood nearby
Find towns like Lynnwood in other states →Where Lynnwood is
Loading map…
Questions about Lynnwood real estate
Is Lynnwood a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Lynnwood, WA 98087 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lynnwood?
The typical home went under contract in 32 days in the latest three months.
Do homes in Lynnwood sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Lynnwood?
About 0.77% of a home’s value a year in Snohomish County, or roughly $3,080 on a $400,000 home.
What is the median home price in Lynnwood?
The median sale price was $707,194 in the three months ending August 31, 2026, about $396 per square foot.
Local agents
See all agents in 98087 →No sponsored agents in 98087 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 98087
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology