Bothell, WA 98012 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market signal is the median sold price of $982,200, which indicates realized market value and, given the neutral market temperature, suggests pricing is settling rather than accelerating.
2. Recent listing-versus-sale dispersion is material: the median listing price is $1,094,000, which highlights a gap between seller expectations and the representative recent sale price and may indicate pricing friction that could prolong negotiation timelines. down price momentum year-over-year reinforces caution for sellers.
3. Liquidity appears moderate with longer transaction timelines—median days on market is 71—which suggests slower sales velocity and that elevated inventory relative to sales activity may be extending the time needed to convert listings into closed transactions. neutral market temperature implies this is a rebalancing rather than a collapse.
4. Financing and rental context: interest rate pressure is elevated (current 30-year fixed mortgage rates in Bothell, WA are 6.49%, which is 0.40% higher than the 6.09% market low observed earlier in 2026), while median market rent is $3,200 and rent year-over-year trend is up. This combination supports sustained rental demand and may make buy-to-rent scenarios comparatively more attractive for investors who can secure financing despite higher rates.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.