The Mountlake Terrace housing market is very competitive. Homes in Mountlake Terrace receive 3 offers on average and sell in around 12 days. The median sale price of a home in Mountlake Terrace was $742K last month, up 9.1% since last year. The median sale price per square foot in Mountlake Terrace is $415, down 4.8% since last year.
What is the housing market like in Mountlake Terrace today?
In October 2025, Mountlake Terrace home prices were up 9.1% compared to last year, selling for a median price of $742K. On average, homes in Mountlake Terrace sell after 12 days on the market compared to 29 days last year. There were 24 homes sold in October this year, up from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$742,000
+9.1% YoY | Oct 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2025
Growth
% YoY
Mountlake Terrace, WA
$742,000
+9.1%
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 very competitive. Homes sell in 12 days.
0
100
84
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 12 days.
Hot homes
can sell for around list price and go pending in around 3 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2025
Growth
% YoY
Mountlake Terrace, WA
98.3%
-1.3 pt
United States
Mountlake Terrace Migration & Relocation Trends
In Aug '25 - Oct '25, 21% of Mountlake Terrace homebuyers searched to move out of Mountlake Terrace, while 79% looked to stay within the metropolitan area.
Where are people moving to Mountlake Terrace from?
Across the nation, 4% 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 Houston and San Francisco.
Where are people from Mountlake Terrace moving to?
79% of Mountlake Terrace homebuyers searched to stay within the Mountlake Terrace metropolitan area.
Bellingham was the most popular destination among Mountlake Terrace homebuyers followed by Portland and Phoenix.
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
~$500K Offer
Sold for $550K
3bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
2
Competing Offers
9
Down Payment
~30%
Daniel Hesketh
Mountlake Terrace Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$325K Offer
Sold for $325K
1bd | 1ba | ~750sqft
Under List Price
4%
Days on Market
80
Competing Offers
3
Down Payment
~20%
Troy Lehman
Mountlake Terrace Redfin Agent
View houses in Mountlake Terrace that sold recently
Recently sold homes
SOLD NOV 26, 2025
$830,000 Last Sold Price
4 beds
3 baths
2,510 sq ft
4009 229th Pl SW, Mountlake Terrace, WA 98043
Kristen Cramer • Lake & Company Red Carpet Realty Gallery Inc
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