Mountlake Terrace Real Estate Market
Mountlake Terrace Housing Market Report
Mountlake Terrace is the value entry on the Link light-rail line — a compact, mid-century city on the King County border where a direct train to Seattle meets the north end's most attainable station-served single-family prices. This report covers how the Town Center buildout, the transit walkshed, and Edmonds School District demand shape values for buyers and sellers.
Page author
Adriano Tori
Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660
Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,241 five-star Google reviews.
As of September 2026, the median listing price in Mountlake Terrace is $625K ($419 per square foot), and homes are averaging 30 days on market.
Stats updated September 2026· refreshed monthly and reviewed by RexMont's brokerage team.
By property type
The headline figures above blend every active residential listing in Mountlake Terrace. Single-family, condo, and townhouse markets move differently, so the breakdown below is what to quote when comparing one property type across cities.
| Property type | Median list price | Price / sq ft | Days on market | Active listings |
|---|---|---|---|---|
| Single-family | $690K | $496 | 20 | 41 |
| Condo | $345K | $381 | 40 | 25 |
| Townhouse | $715K | $407 | 38 | 11 |
Active listings is the sample size behind each row. Same source and refresh date as the headline figures.
Methodology & data sources
Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in Mountlake Terrace, WA, sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. Figures refresh the first week of every month (current data: September 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.
Journalists: monthly figures for 47 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.
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Market context
What shapes Mountlake Terrace's market.
Position is the whole story. Mountlake Terrace sits directly on the Snohomish–King county line with its own Link station, which means buyers priced out of Shoreline and North Seattle can move one stop north without giving up the train. That arbitrage — King County transit access at a Snohomish County price — is the engine behind the city's buyer demand.
The housing stock is dominated by post-war and mid-century single-family homes on established, tree-lined streets. Condition varies widely: some homes are original, many are updated, and the spread between the two is where pricing gets decided. Buyers comparing two similar ramblers a street apart are often really comparing two very different renovation histories.
The Town Center is the growth front. The city has concentrated its density around the transit hub — new apartments, townhomes, and street-level retail replacing the old low-rise commercial core. The result is a genuinely walkable center forming around the station, with the surrounding single-family blocks absorbing the demand it generates.
Edmonds School District serves the city, the same district as Edmonds and Lynnwood. Combined with quick I-5 access and the station, that puts Mountlake Terrace on the shortlist for two buyer pools at once: Seattle commuters chasing the train and families buying the most attainable path into the district.
Coverage
Service area at a glance
RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.
Bellevue, WA
ZIPs: 98004 · 98005 · 98006 · 98007 · 98008
Schools: Bellevue SD
Medina, WA
ZIP: 98039
Schools: Bellevue SD
Clyde Hill, WA
ZIP: 98004
Schools: Bellevue SD
Mercer Island, WA
ZIP: 98040
Schools: Mercer Island SD
Kirkland, WA
ZIPs: 98033 · 98034
Schools: Lake Washington SD
Redmond, WA
ZIPs: 98052 · 98053
Schools: Lake Washington SD
Sammamish, WA
ZIPs: 98074 · 98075
Schools: Lake Washington / Issaquah SD
Issaquah, WA
ZIPs: 98027 · 98029
Schools: Issaquah SD
Newcastle, WA
ZIPs: 98056 · 98059
Schools: Renton SD
Woodinville, WA
ZIPs: 98072 · 98077
Schools: Northshore SD
Kenmore, WA
ZIP: 98028
Schools: Northshore SD
Seattle, WA
ZIPs: 98101 · 98109 · 98112 · 98115 · 98118
Schools: Seattle Public Schools
Buying in Mountlake Terrace
Mountlake Terrace buyers compete hardest for updated single-family homes inside the station walkshed. The win is knowing which original-condition homes are sound projects and which are money pits — and moving fast when the right one lists. RexMont brings inspection-informed offer strategy to every Mountlake Terrace purchase.
Talk to a Mountlake Terrace buyer agentSelling in Mountlake Terrace
Mountlake Terrace sellers should price the transit premium where it applies and the condition story everywhere. RexMont's listing team positions your home against the right comps — updated versus original, walkshed versus not — so the listing competes at full strength from day one.
Get your Mountlake Terrace home valueLive NWMLS data
Active homes for sale in Mountlake Terrace
The latest active NWMLS listings in Mountlake Terrace, refreshed hourly.
- Median price
- $625K
- Median $/sqft
- $419
- Avg days on market
- 30
- Listings for sale
- 47+
ActiveNew today$735,000
MLS# 258449722704 38th Avenue W
Mountlake Terrace, WA 98043
3 bd1.75 ba1,728 sqftListing courtesy of Windermere RE North, Inc.
ActiveNew today$1,095,000
MLS# 258486222425 69th Place W
Mountlake Terrace, WA 98155
4 bd3.25 ba2,699 sqftListing courtesy of Redfin
ActiveNew today$279,000
MLS# 258413621307 48th Avenue W #c104
Mountlake Terrace, WA 98043
1 bd1 baListing courtesy of Keller Williams Seattle Metro
ActiveNew today$650,000
MLS# 258364723007 63rd Avenue W
Mountlake Terrace, WA 98043
2 bd1 ba840 sqftListing courtesy of Pointe3 Real Estate
ActiveNew today$675,000
MLS# 258246523206 55th Ave W
Mountlake Terrace, WA 98043
3 bd1.75 ba1,375 sqftListing courtesy of Designed Realty
ActiveNew today$299,700
MLS# 258177122105 66th Avenue W #1c
Mountlake Terrace, WA 98043
2 bd1 baListing courtesy of COMPASS
Showing the 6 newest of 47 active homes for sale in Mountlake Terrace, pulled directly from NWMLS and refreshed hourly. See all 47 Mountlake Terrace homes for sale, each with photos, price history, and a per-listing mortgage estimate.
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Mountlake Terrace; current listings and individual neighborhoods may vary.
Search all Mountlake Terrace listings →Related markets
Compare Mountlake Terrace to nearby markets.
Snohomish County Market
The countywide view — how Mountlake Terrace fits among Snohomish County's transit and coastal markets.
Lynnwood Market
One station north — the Link terminus, the Alderwood corridor, and the City Center buildout.
Edmonds Market
The waterfront neighbor in the same school district — walkable downtown and view-lot premiums.
Seattle Market
One train ride south — the market many Mountlake Terrace buyers are arbitraging against.
Bothell Market
The other value play on the county line — cross-shopped by many of the same buyers.
Mountlake Terrace Homes for Sale
Active Mountlake Terrace listings from the station walkshed to the quiet west-side streets, updated from the NWMLS.
FAQ
Questions buyers and sellers ask first.
Is Mountlake Terrace a buyer's or seller's market?
Mountlake Terrace's single-family stock near the Link station and the Town Center tends to favor sellers — it is the most attainable light-rail-served single-family market on the north end, and that combination draws steady competition. The newer townhome and condo segments give buyers more selection and negotiating room.
Why is Mountlake Terrace called the value entry on the Link line?
Among the north-end cities with their own light-rail station, Mountlake Terrace generally offers the lowest-priced single-family entry point. Buyers get a direct train to Northgate, the University of Washington, and downtown Seattle at a price point below comparable transit-served neighborhoods in King County — which is exactly why the buyer pool here has widened since the station opened.
What is happening around the Mountlake Terrace Town Center?
The city has zoned the Town Center for denser, walkable mixed-use development around the transit hub, and new apartments and townhomes have followed. For buyers, that means growing attached-home selection near the station; for owners of the surrounding mid-century single-family homes, it means durable demand pressure from the transit walkshed.
What school district serves Mountlake Terrace?
Mountlake Terrace is served by the Edmonds School District, the same district that covers Edmonds and Lynnwood. Families cross-shop all three cities for the same school assignment, and Mountlake Terrace is frequently the most attainable way in.
How current is the market data on this page?
The market stats refresh monthly from regional market data and are reviewed by RexMont's brokerage team. The live listing stats on this page come from active NWMLS listings, so the inventory picture updates continuously.
How does RexMont represent Mountlake Terrace buyers and sellers?
RexMont agents price Mountlake Terrace on its two real variables — distance to the station and the condition spread across its mid-century housing stock. We help buyers separate cosmetic projects from structural ones on older homes, and we position listings to capture the transit premium where it genuinely applies.
The value entry will not stay quiet.
Markets built on an arbitrage — King County transit at Snohomish County prices — reward buyers and sellers who move with accurate information. RexMont brings 1,241 Google 5-star reviews and 1,200+ transactions to every Mountlake Terrace deal.
Talk to a Mountlake Terrace real estate expert