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

Key Findings

1. The primary market indicator, median sold price, is 849,000, which represents the most reliable measure of realized value and should guide comparative pricing and appraisal decisions; given the price year-over-year trend is down, sellers should expect paid prices to be softer than asking expectations in recent transactions.
2. There is a wide spread between the median listing price of 1,175,000 and the median sold price, which suggests meaningful pricing friction between seller expectations and closed transactions and may indicate opportunities for buyers to negotiate when properties are priced above recent realized values.
3. Transaction velocity is slow relative to rapid markets: the median days on market of 116 signals extended marketing times and suggests moderate sales velocity, so sellers should plan for longer listing periods and buyers may have more time to perform due diligence and negotiate contract terms.
4. Market context shows external pressures that will influence near-term activity: interest rate pressure is elevated, rent year-over-year trend is up and the market temperature is neutral, meaning financing costs are a headwind even as rental demand supports price floors—strategies should prioritize financing-sensitive buyer outreach and selective pricing to convert interest into offers.

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.