Everett Real Estate Market Update April 2022
Happy Spring!
Every month we like to look at how the Everett real estate market is trending.* Let’s take a look at last month’s numbers, March 2022:
For comparison, let’s look at the previous month, February 2022:
From February 2022 to March 2022:
Prices increased an average of $39,000 per home.
Average days on the market decreased from 9 to 8.
The number of homes sold increased from 111 to 193.
Spring has certainly seemed to have sprung! This is the first time we’ve seen Everett’s average sales price break $700,000. Also notable, over 73% more homes sold in March than in February. All signs are pointing upward.
For a broader perspective, let’s compare to this time last year, March 2021:
Comparing March 2021 to March 2022:
Prices increased an average of $164,000.
Average days on market decreased from 11 to 8.
The number of homes sold increased from 177 to 193.
Reviewing year-over-year, price increases are the biggest change. On average, homes increased in value over 30%. Homes also sold about 27% faster this March than they did last year. And more homes sold overall. Buyer demand remains high, maintaining a strong seller’s market.
If you’re thinking about buying or selling, contact us anytime. Learn more on our website, or subscribe to our monthly newsletter to get these real estate updates and fun community info sent straight to your inbox!
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single-family homes and condos.
