Photo: ECTran71 · Public domain202 homes sold in Mountlake Terrace in the last year, at a typical $651K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Mountlake Terrace homes are listed.
Every place Mountlake Terrace homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Mountlake Terrace.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Mountlake Terrace’s sales are condos, at $297K less than a house
135 houses and 43 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 135 sold in the year to May 2026
- Per square foot
- $500WA $348
- Days to sell
- 9
- Sold over asking
- 39%
- Listings with a price cut
- 38%
typical sale · 43 sold in the year to May 2026
- Per square foot
- $401WA $433
- Days to sell
- 30
- Sold over asking
- 23%
- Listings with a price cut
- 39%
Multi-family (2–4 units): 1 sold, typical $835K
Townhouses: 17 sold, typical $574K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2016 price
202 sales in the last year, against 406 in 2021 and a low of 173 in 2025. The typical sale went from $344K in 2016 to $651K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $650K buys in Mountlake Terrace
Check a listing against what Mountlake Terrace homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Mountlake Terrace are rarer than before the pandemic, and more homes are for sale
We read every month of Mountlake Terrace’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 202 sales.
If you’re buying in Mountlake Terrace
- Shop in August. It brings about 33 new listings a month, close to the busiest month, with fewer bidding wars (48% over asking).
- Bid near asking. Buyers paid 100.1% of the list price on average; 30% paid over.
- Move fast on good ones. 56% of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 35 a month), and the most competition: 69% close over asking. July and August offer nearly as much choice with fewer homes bid up (50%). December has the least competition (37%) but only about 12 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Washington as a whole
| Mountlake Terrace now | 2017–19 | 2021 peak | WA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 52% | 61% | 25% |
| Gone within two weeksShare of homes under contract within 14 days | 56% | 73% | 82% | 38% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 102.6% | 105.6% | 99.1% |
| Days to sellMedian days from listing to contract | 16 | 10 | 6 | 35 |
30 homes for sale on a typical day
That’s 2.8 times the 2021 low (11), 49% more than in 2017–19 and well under 2012’s 43.
Since 2019, houses are up 46%, condos 48%
A house typically sold for $712K in the year to May 2026 (135 sales), a condo for $415K (43).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Mountlake Terrace ranks 67th of 191 busy Washington markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Mountlake Terrace is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Mountlake Terrace home costs about $3,770 a month
Price: Mountlake Terrace’s typical sale, last 12 months. Property tax at Mountlake Terrace’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Mountlake Terrace is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 12.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $651K home, about $4,480 a year.
Taxes vs. neighborsSchools
The schools grade for Mountlake Terrace, from test results, graduation and how much students grow.
Schools in Mountlake TerraceTypical commute
The average one-way trip to work for people who live in Mountlake Terrace.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lynnwood sells for less a square foot; Edmonds for far more
The busier markets within 25 miles of Mountlake Terrace, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Edmonds | 566 | $998K | $555 | 34% | 13 |
| Lynnwood | 311 | $738K | $416 | 25% | 16 |
| Mountlake Terrace | 202 | $651K | $444 | 30% | 16 |
| Lake Forest Park | 148 | $1.1M | $465 | 39% | 8 |
| Alderwood Manor | 82 | $772K | $475 | 26% | 20 |
| Brier | 79 | $1M | $491 | 40% | 11 |
| Esperance | 54 | $780K | $479 | 35% | 29 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Mountlake Terrace, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mountlake Terrace. People who follow the town see it, and so do people comparing Mountlake Terrace with their own town. No commission, no listing fee.
Questions about buying a home in Mountlake Terrace
What do homes sell for in Mountlake Terrace, WA?
202 homes sold in the year to September 2026 at a typical $651K, $444 a square foot. Houses sold for about $712K, condos for about $415K in the year to May 2026.
Is Mountlake Terrace a buyer’s or seller’s market?
A seller’s market: 37 homes were for sale in September 2026 and 16 sold, about 2.3 months of supply. Buyers paid 100.1% of asking on average.
When is the best time to buy in Mountlake Terrace?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Mountlake Terrace?
About 0.7% of a home’s value a year. On a $651K home that’s near $4,480.
Where can I see homes for sale in Mountlake Terrace?
Zillow, Redfin, Realtor.com and Homes.com all carry Mountlake Terrace’s MLS listings; the search links above open each one filtered to Mountlake Terrace.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).