Lynnwood Market Update: November 2026

Here is the read on Lynnwood's market heading into November. Prices have flattened after a long run, homes take about three and a half weeks to sell instead of a weekend, and buyers have more to choose from than in years. None of this is a crash; it is the closest Lynnwood has been to a balanced market since light rail arrived. Here is what the numbers actually say.

The Lynnwood numbers

Redfin's rolling three-month median for Lynnwood is about $735,000, up roughly 5 percent from a year earlier, with homes selling in about 24 days, up from about 7 days a year ago, and an average of about one offer per home. Zillow's typical home value for the city sat around $746,000 at the end of August, down about 2.6 percent year over year, with homes going pending in about 27 days. The trackers count differently, but the shape is the same: prices flat to slightly down, homes still moving, and no more weekend bidding wars.

The countywide picture

The freshest county snapshot, the Madrona Group's October report, covers September 2026 closings: the countywide median for all home types was about $700,000, up 1.4 percent year over year, with the residential median at $745,000 and condos at $466,500. Inventory climbed to about 3,524 homes, up 35.6 percent from a year earlier, about 4.3 months of supply, with an average of 37 days on market. Listing services show roughly 540 homes on the market in Lynnwood itself as of October. NWMLS put the September countywide median at about $720,000; the spread between published figures is method and timing, not contradiction. The trend is consistent across all of them: more supply, slower sales, flatter prices.

What it means if you are buying

You have the most inventory and the most negotiating room Lynnwood has offered in years, especially in condos and townhomes, where recent medians run from the mid-$300,000s to the high $400,000s, well under the single-family range. Around City Center that buys a walk-to-the-station address. The trade-off: well-priced homes in good shape still sell in about three to four weeks, so the right house still requires a prepared buyer, preapproval in hand, ready to move.

What it means if you are selling

Inventory is your competition. Buyers can compare your home against a few hundred others in the city, so a price set to last spring's sales is the fastest way to sit. Homes priced against current September and October sales, staged well, and marketed from the first weekend still move; the ones that linger are almost always priced at yesterday's number. That is where accurate local comps and a real marketing plan earn their keep.

The takeaway

Lynnwood is closer to balanced than it has been in years, with flat prices, real inventory, and buyers who can finally be picky. For sellers that means pricing honestly from day one; for buyers it means the window you have been waiting for. If you want to know what your home is worth today, or what is actually for sale in your price range, that is a conversation Curt is glad to have, no pressure.