Bothell, WA 98012 Real Estate Market Report

ZIP Code: 98012
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the housing market in Bothell, WA is characterized by a median sold price of $1,012,000, reflecting a stable market environment. Although the neighborhood has not shown significant price fluctuations, with the price year-over-year trend remaining flat, the market is experiencing a shift towards increased buyer leverage due to elevated inventory levels and longer selling times. The median days on market stands at 163, indicating a slower sales velocity compared to previous periods.

The current median listing price is $1,099,000, which suggests a pricing gap that may create friction for sellers as buyers navigate the market with more options. Despite the local economy remaining robust, with a strong job market, some uncertainty in the tech sector may be influencing buyer sentiment. Overall, while the market remains stable, the dynamics indicate a potential for more balanced conditions as inventory continues to rise.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $1,012,000 indicates a stable market with no significant price changes recently.

2. With 163 days on market, properties are experiencing slower sales velocity, suggesting a shift in buyer behavior.

3. The median listing price of $1,099,000 reflects seller expectations that may not align with current market realities, leading to potential pricing friction.

4. Elevated inventory levels suggest that buyers have more options, which may contribute to the flat price trend.

5. The median market rent of $3,220 indicates a strong rental market, which may attract investors despite current market conditions.

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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.