Is Monroe, WA 98272 a buyer’s or seller’s market?

The Monroe housing market right now

In the three months ending August 31, 2026, 24% of homes in Monroe, WA 98272 sold above their list price, the typical home went under contract in 21 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 91 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (12 days then) and the median sale price fell 8% to $737,181. Overall, Monroe is less competitive than a year ago, which gives buyers more room.

Within Snohomish County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Monroe ranks #140 of 298 WA ZIP codes with enough sales (score 59 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.