Bothell, WA home prices and housing market

If you own a home in Bothell, this is a market where pricing right matters more than it has in years. Nearly a quarter of active listings, about 24 percent, have already cut their asking price. That is the clearest signal that sellers are overshooting and buyers are pushing back. The typical home here is now worth about $1.03 million, down 5.3 percent from a year ago. And buyers have plenty to choose from, with 444 homes on the market and 216 new listings arriving in just the last month. Homes that do sell take a median of about 35 days to go under contract, so nothing is flying off the shelf. Meanwhile the median asking price sits around $1.09 million, a good stretch above where values actually are. Put it together and the message is simple. Price to the market you have today, not the one from a year ago, or expect to sit for weeks and then cut anyway.