Mountlake Terrace, WA housing market
The typical Mountlake Terrace home is worth about $665,000, down 1.9% in a year, 12% above the Washington typical home. Homes typically sell in 23 days, close to asking.
Home values, sales, trends and how Mountlake Terrace compares with the towns next door — updated as new data is published.
Mountlake Terrace at a glance
A seller's market
Supply is tight — about 2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Mountlake Terrace | Washington |
|---|---|---|
| 2017 | $357,000 | $326,000 |
| 2018 | $415,000 | $362,000 |
| 2019 | $441,000 | $390,000 |
| 2020 | $449,000 | $413,000 |
| 2021 | $516,000 | $471,000 |
| 2022 | $604,000 | $554,000 |
| 2023 | $631,000 | $572,000 |
| 2024 | $661,000 | $582,000 |
| 2025 | $703,000 | $605,000 |
| 2026 | $689,000 | $601,000 |
| August 2026 | $665,000 | $592,000 |
Mountlake Terrace and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Mountlake Terrace | $665K | −1.9% | 23 | $107,687 |
| Edmonds | $907K | −0.7% | 7 | $122,449 |
| Brier | $948K | −2.6% | 3 | $132,045 |
| Lynnwood | $746K | −2.6% | 6 | $77,704 |
| Alderwood Manor | — | — | 15 | $105,181 |
6.2 years of income
The typical Mountlake Terrace home costs about 6.2 years of the town's median household income, about the same as across Washington (6).
How Mountlake Terrace ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.