Housing in Mountlake Terrace, WA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$580,000
Median List Price
$590,000
Price Per Sq Ft
$507
Days on Market
66
Active Inventory
15
Months of Supply
2.1
Seller's market
Zillow Home Value
$674,181
ZHVI — January 2026
Zillow Rent Index
$2,084
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
28.6%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
100.2%
Seller's market
Market Activity
Source: RedfinHomes Sold
7
New Listings
18
Pending Sales
16
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$507
Median List $/SF
$450
Mountlake Terrace vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Mountlake Terrace is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$606,100
Median Rent
$1,966
Total Housing Units
9,504
Vacancy Rate
4.1%
Owner Occupied
56.1%
Renter Occupied
43.9%
Median Property Tax
$4,415
per year
Monthly Cost (w/ Mortgage)
$1,977
Housing Types
The current median sale price in Mountlake Terrace, WA is $580,000 according to Redfin data. Homes spend a median of 66 days on the market. 28.6% of homes sold above asking price. The market has 2.1 months of supply. The median price per square foot is $507. Zillow's observed rent index is $2,084/month. About 56.1% of housing units are owner-occupied. The median year homes were built is 1971. There are 9,504 total housing units.