Bothell, WA
Property For sale & Area Information.
Welcome to Bothell
Bothell’s real estate market remains highly competitive, benefiting from its blend of suburban charm, strong schools, and proximity to major tech hubs like Bellevue and Seattle. The city’s affordability relative to neighboring Eastside markets has drawn increasing demand, particularly from first-time buyers and families. Despite higher mortgage rates, Bothell continues to experience low inventory and steady price growth, sustaining a seller’s market.
Median Home Prices
Single-Family Homes: Median price at $925,000, up 6% year-over-year (YoY).
Condominiums/Townhomes: Median price at $625,000, a 4% increase YoY.
Luxury Market (homes >$1.5M): Stable demand, with Days on Market (DOM) averaging 30–45 days, slightly longer than entry-level homes.
Inventory & Absorption
Supply: Extremely tight at 1.2 months of inventory (6 months is balanced).
Days on Market (DOM):
Single-family homes: 7–12 days (frequently selling above asking).
Condos/Townhomes: 15–25 days.
Price Reductions: Only 8% of listings see cuts, mostly in luxury or overpriced properties.
Market Dynamics
Seller’s Market: 35% of homes sell above list price, with multiple offers common in popular neighborhoods (e.g., North Creek, Canyon Park).
New Construction: Mixed-use developments (e.g., Bothell Landing) and townhome projects cater to young professionals and downsizers.
Tech Influence: Proximity to Microsoft (Redmond), Amazon (Seattle), and Biotech (Bothell Corridor) drives buyer demand.
Interest Rates & Affordability
Mortgage Rates: Averaging 6.5–7% for 30-year fixed loans.
Affordability Challenges: A 925Khome∗∗requires∗∗ 925Khome∗∗requires∗∗ 6,200/month (mortgage + taxes), pushing some buyers toward Snohomish County.
Key Market Drivers
Location: Easy access to I-405 and SR-522, bridging Seattle and the Eastside.
Schools: Northshore School District ranks among the top in WA.
Lifestyle: Downtown revitalization with breweries, parks, and a family-friendly vibe.
Future Outlook (2024–2025)
Prices: Expected to rise 4–6% annually, outpacing regional averages due to demand.
Inventory: Slight relief with new townhome developments, but supply remains constrained.
Luxury Market: Steady interest from move-up buyers, though competition is softer above $1.5M.
Conclusion
Bothell’s market remains resilient and desirable, offering a more affordable alternative to pricier Eastside cities. Strong demand, limited supply, and economic growth suggest continued upward pressure on prices. Buyers should act quickly and be prepared for competition, while sellers can expect favorable conditions with fast sales at premium prices.
Active Listings
Bothell Properties For Sale
24229 7th Ave SE Avenue SE B Bothell, Washington
4 Beds 5 Baths 5,394 SqFt 0.73 Acres
10425 E Riverside Drive Bothell, Washington
7 Beds 8 Baths 6,293 SqFt 0.548 Acres
23426 35th Avenue SE Bothell, Washington
5 Beds 4 Baths 4,500 SqFt 0.367 Acres
9919 NE 162nd Street Bothell, Washington
5 Beds 4 Baths 5,040 SqFt 0.22 Acres
4407 200th Street SE Bothell, Washington
4 Beds 4 Baths 4,441 SqFt 1.13 Acres
10046 NE 196th Place Bothell, Washington
4 Beds 5 Baths 4,104 SqFt 0.243 Acres
Market Report
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