The Mountlake Terrace housing market is most competitive. Homes in Mountlake Terrace receive 5 offers on average and sell in around 6 days. The median sale price of a home in Mountlake Terrace was $727K last month, down 3.5% since last year. The median sale price per square foot in Mountlake Terrace is $525, up 13.5% since last year.
What is the housing market like in Mountlake Terrace today?
In June 2025, Mountlake Terrace home prices were down 3.5% compared to last year, selling for a median price of $727K. On average, homes in Mountlake Terrace sell after 6 days on the market compared to 6 days last year. There were 20 homes sold in June this year, up from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$726,500
-3.5% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Mountlake Terrace, WA
$726,500
-3.5%
United States
To compare other locations to the Mountlake Terrace and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Mountlake Terrace add value to a home.
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How hot is the Mountlake Terrace housing market?
Mountlake Terrace is most competitive. Homes sell in 6 days.
0
100
94
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 6 days.
Hot homes
can sell for about 5% above list price and go pending in around 4 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Mountlake Terrace, WA
102.6%
+0.02 pt
United States
Mountlake Terrace Migration & Relocation Trends
In Feb '25 - Apr '25, 22% of Mountlake Terrace homebuyers searched to move out of Mountlake Terrace, while 78% looked to stay within the metropolitan area.
Where are people moving to Mountlake Terrace from?
Across the nation, 3% of homebuyers searched to move into Mountlake Terrace from outside metros.
Spokane homebuyers searched to move into Mountlake Terrace more than any other metro followed by San Francisco and Houston.
Where are people from Mountlake Terrace moving to?
78% of Mountlake Terrace homebuyers searched to stay within the Mountlake Terrace metropolitan area.
Phoenix was the most popular destination among Mountlake Terrace homebuyers followed by Portland and Bellingham.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Mountlake Terrace
Explore recent offers and recently sold homes in Mountlake Terrace
Recent offers
Offer Not Accepted|
6 Weeks Ago
~$650K Offer
Sold for $750K
3bd | 1.5ba | ~1,250sqft
Over List Price
0%
Days on Market
6
Competing Offers
3
Down Payment
—
Yesay Semerjian
Mountlake Terrace Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$1M Offer
Sold for $1.25M
5bd | 2.75ba | ~2,250sqft
Over List Price
0%
Days on Market
6
Competing Offers
1
Down Payment
—
Rhea Kulikova
Mountlake Terrace Redfin Agent
View houses in Mountlake Terrace that sold recently
Recently sold homes
SOLD JUL 18, 2025
3D WALKTHROUGH
$1,575,000 Last Sold Price
5 beds
3 baths
4,193 sq ft
6714 228th St SW, Mountlake Terrace, WA 98043
Maggie Sun • Keller Williams Rlty Bellevue ZNonMember-Office-MLS
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Mountlake Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Mountlake Terrace.
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Mountlake Terrace has a minor risk of flooding. 121 properties in Mountlake Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Mountlake Terrace. Flood risk is increasing slower than the national average.
Mountlake Terrace has minimal risk of severe winds over the next 30 years
Wind Factor
Mountlake Terrace has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
61% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Mountlake Terrace has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 61% of homes in Mountlake Terrace have a Moderate Heat Factor®.
Mountlake Terrace is expected to see a 114% increase in the number of days over 86ºF over the next 30 years. Mountlake Terrace is expected to experience 7