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Lynnwood, WA

Property For sale & Area Information.

Welcome to Lynnwood

Lynnwood’s real estate market has emerged as one of the most dynamic in Snohomish County, offering a strategic midpoint between Seattle and Everett with more affordable prices than the Eastside. The city’s ongoing urban transformation—fueled by the 2024 Lynnwood Link Light Rail expansion—has intensified demand from first-time buyers, commuters, and investors. Despite higher interest rates, the market remains highly competitive, with inventory levels far below equilibrium.

Median Home Prices

  • Single-Family Homes: Median price at $725,000, up 9% year-over-year (YoY)—one of the fastest-growing markets in the area.

  • Condos/Townhomes: Median at $475,000, a 7% YoY increase, driven by transit-oriented demand.

  • Luxury Segment ($1M+): Limited inventory, mostly in Meadowdale & Alderwood Manor, with DOM averaging 30–50 days.

Inventory & Absorption

  • Supply: Critically low at 0.9 months of inventory (balanced market = 6 months).

  • Days on Market (DOM):

    • Single-family: 5–10 days (bidding wars frequent under $800K).

    • Condos/Townhomes: 10–20 days.

  • Price Reductions: Only 7% of listings, typically in luxury or niche properties.

Market Dynamics

  • Seller’s Market: 35% of homes sell above asking, especially near light rail stations.

  • Transit Boom: The light rail extension (opening 2024) is accelerating demand in areas like City Center & Ash Way.

  • Investor Activity: Surging interest in multi-family units and rental properties near future stations.

Interest Rates & Affordability

  • Mortgage Rates: 6.5–7% for 30-year fixed loans.

  • Affordability Advantage: A 725Khome∗∗requires∗∗ 4,900/month (mortgage + taxes), drawing Seattle/Eastside refugees.

Key Market Drivers

  1. Light Rail Access: Direct connections to Seattle (20 mins) & Bellevue (via I-405) by 2025.

  2. Retail & Employment Hub: Alderwood Mall, Amazon Fresh, & Costco HQ nearby.

  3. Development Wave: $500M+ in projects (e.g., Lynnwood Square, mixed-use high-rises).

Future Outlook (2024–2025)

  • Prices: Projected to rise 8–10% annually—outpacing regional averages due to transit impact.

  • Inventory: Slight improvement from new condo/townhome projects, but demand will absorb supply quickly.

  • Rental Market: Tightening further, with rents up 12% YoY near light rail.

Conclusion

Lynnwood is the Puget Sound’s next breakout market, with its light rail expansion acting as a catalyst for rapid appreciation. Buyers must be prepared to act aggressively, particularly for homes under $800K. Sellers enjoy unprecedented leverage, with well-priced homes selling in days—often with escalation clauses. For investors, Lynnwood’s transit-oriented development offers long-term upside. As the city evolves from a suburb to a urban hub, its real estate market shows no signs of cooling.

Active Listings

Lynnwood Properties For Sale

Rare opportunity to own a private 1.2+ acre estate in Lynnwood's Larch Way. Surrounded by mature landscaping, this property offers true privacy and convenience just minutes from I-5, I-405, Alderwood Mall, dining, & Light Rail. Designed for comfortable everyday living and effortless entertaining, the 4-bedroom home with bonus room and den features soaring ceilings, abundant natural light, rich millwork, formal and informal living spaces, and a main-level office. The gourmet kitchen features Sub-Zero refrigerator, granite countertops, extensive custom cabinetry, a gas cooktop island, and a skylit dining area that flows seamlessly to the outdoor living spaces. Double doors lead to the Primary Wing featuring vaulted ceilings, own gas fireplace, and a generous full ensuite bath with dual vanities, a makeup station, walk-in shower, and soaking tub. Flexible living areas throughout the home offer endless possibilities for multigenerational living, guests, or evolving lifestyle needs. Outdoor amenities: covered deck, multiple gathering spaces, patio, greenhouse, hot tub, above-ground pool, play area, raised garden beds, fruit trees, berries, expansive lawns, and mature evergreen offering privacy screening. A circular driveway and abundant guest parking complement the impressive 4-car garage, featuring two oversized bays ideal for RVs, boats, workshop space, or additional storage. $2,685,000 Pending

1631 180th Place SW Lynnwood, Washington

4 Beds 3 Baths 4,600 SqFt 1.21 Acres

The three tree logo represents a listing courtesy of NWMLS... Pending listing courtesy of Windermere Real Estate GH LLC.

Selling together with adjacent Lot. Rare shovel-ready to build 13-unit townhome project in Lynnwood—LDA permit in hand, fully approved, and ready for construction. No wetlands, no buffers. Efficient unit mix (972–1,759 sq ft) designed for strong resale performance. Nearby new construction selling $540K–$690K with rapid absorption. Builder-friendly layout, modern design, and immediate mobilization possible. Outstanding opportunity for developers seeking a clean, shovel-ready project in a high-demand corridor. Sold AS-IS. Buyer to verify all information to their satisfaction. Value is in the land and development. $2,500,000 Active

16109 Meadow RD Lynnwood, Washington

1 Beds 1 Baths 966 SqFt 0.44 Acres

The three tree logo represents a listing courtesy of NWMLS... Active listing courtesy of WeLakeside.

An extraordinary opportunity to acquire a dual-lot waterfront estate on Martha Lake, featuring a custom rambler and an additional building lot along 100’ of coveted low-bank bulkhead shoreline on the sunny east shore. Together, these parcels create a once-in-a-lifetime chance to design the ultimate multi-home compound. Explore options to adjust boundaries for multiple waterfront lots, build a second residence, develop a duplex, or add multiple DADUs for exceptional rental income—the combinations are endless. The existing custom single-level home, built in 2015, was crafted for refined lakefront living, with an expansive great room that opens to a grand covered outdoor living space overlooking the water and private dock. Rich natural materials—Acacia hardwood flooring, cherry cabinetry, Hemlock-wrapped windows, and solid VG fir doors—bring timeless warmth throughout. The upgraded chef’s kitchen features an oversized island, premium appliances, and a striking solid-pane glass backsplash. The lake-view primary suite offers a serene retreat. A detached 703 sq. ft. flex unit, currently a stylish 1-bed/¾-bath apartment, adds versatility for guests, multi-generational living, or rental income. A truly unique dual-lot offering with unmatched potential to create your dream waterfront estate. $2,499,992 Active

15924 E Shore Drive Lynnwood, Washington

4 Beds 4 Baths 3,171 SqFt 0.689 Acres

The three tree logo represents a listing courtesy of NWMLS... Active listing courtesy of John L. Scott Everett.

A rare opportunity to own one of Martha Lake’s premier waterfront estates, showcasing an extraordinary 100 feet of low-bank bulkhead shoreline along the coveted sunny east shore. The gated entry leads to a custom single-level residence thoughtfully designed for refined lakefront entertaining, with an expansive great room that opens seamlessly to a grand covered outdoor living space overlooking the water and private dock. A no-step layout and zero-threshold primary shower create an ideal environment for extended or multi-generational living. Rich natural materials—Acacia hardwood flooring, cherry cabinetry, Hemlock-wrapped windows, and solid VG fir doors—bring timeless warmth throughout. The upgraded chef’s kitchen features an oversized island, premium appliances, and a striking solid-pane glass backsplash. The lake-view primary suite offers a serene retreat. A detached 703 sq. ft. flex unit, currently a stylish 1-bed/¾-bath apartment, provides exceptional versatility for guests, multi-generational living, or an additional rental income. An optional attached second lot (see MLS#) expands the estate’s potential: BLA for a second waterfront lot, build a second home, create a duplex, add an ADU, or design a private compound. A truly unique waterfront offering with unmatched possibilities. $1,999,997 Active

15922 E Shore Drive Lynnwood, Washington

4 Beds 4 Baths 3,171 SqFt 0.52 Acres

The three tree logo represents a listing courtesy of NWMLS... Active listing courtesy of John L. Scott Everett.

Builder is very open to creative seller financing and generous flexible terms to make this dream home yours today....just ask. Nestled within the exclusive gated community of Martha Lake Estates, an ultra private enclave of just nine homes high above Martha Lake in Lynnwood. This newly constructed 4,600+ sq. ft. residence redefines Northwest luxury. Designed for those who accept nothing short of extraordinary, this estate showcases never-before-seen custom features, including soundproof triple-pane windows for absolute serenity, a striking custom-vaulted entry door, and pristine sintered stone countertops that blend timeless elegance with indestructible durability. Outside, your private covered patio deck features automatic privacy shades for seamless, year-round indoor-outdoor living, overlooking a rare flat yard with captivating lake views. With only two homes remaining in this gated nine-home sanctuary, the opportunity to own here is rapidly closing. Fully completed and ready for immediate move-in. Claim your place inside the private gates of The Martha Lake Estates before they are both gone! $1,995,000 Active

1226 159th Street SW Lynnwood, Washington

6 Beds 5 Baths 4,601 SqFt 0.19 Acres

The three tree logo represents a listing courtesy of NWMLS... Active listing courtesy of Real Broker LLC.

Welcome to Heritage Estates, where thoughtful design, beautiful Cascade & Mt. Rainier views and an exceptional location come together. Crafted by Critchlow Homes, this beautifully appointed home offers a desirable floor plan for everyday living & entertaining, including a private main-level guest suite ideal for multigenerational living, extended stays or convenient main-floor accommodations. Thoughtfully selected custom finishes & seller enhancements are found throughout. The heart of the home features a spacious kitchen with an expansive island, custom backsplash, reverse osmosis drinking water faucet & generous walk-in pantry, opening seamlessly to the living & dining spaces. Upstairs, a spacious family room offers another place to gather, relax & take in the mountain views. The primary suite shares those views & creates a peaceful retreat with a spa-inspired bath featuring a freestanding soaking tub & expansive glass-enclosed shower. Outside, enjoy a beautifully maintained, fully fenced backyard partially screened by privacy trees, complete with a patio, gas fireplace, BBQ gas connection, front & backyard sprinklers & newer retaining wall. Central A/C, Hunter Douglas blinds & custom lighting add comfort & style. Ideally located minutes from Alderwood shopping, dining & everyday conveniences, with amenities within walking distance plus quick access to I-5 & major commuter routes. Luxury, flexibility & convenience in one exceptional setting. $1,915,000 Pending

3721 189th Place SW Lynnwood, Washington

5 Beds 4 Baths 3,748 SqFt 0.23 Acres

The three tree logo represents a listing courtesy of NWMLS... Pending listing courtesy of John L Scott Madrona Group.

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