Woodway Market Pulse
Four indicators that tell you where the Woodway residential market is heading — sourced directly from NWMLS and refreshed monthly.
A headline number rarely tells the whole story.
Scroll down for the complete view — every chart, every data point, three full years of context. Because the difference between a good decision and a great one is almost always in the trendline beneath the number.
See all graphs & dataSource: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Woodway segment. Reported figures are NWMLS data and are not guaranteed. Equal Housing Opportunity. Matthew Konsmo · Coldwell Banker Danforth.
May 2026 — Matthew’s Analysis of the Woodway Market
In April 2026, the median sales price across Woodway residential came in at $2.62M, up 29.4% from the month prior, while the median price per square foot stood at $830. One timing note: price-based readings reflect April 2026, the most recent month in which a home actually closed, while the listing and inventory counts below are current through May 2026. Nothing is missing — price metrics simply roll forward the moment the next sale records.
On the supply side, Woodway saw 5 new listings come to market in May 2026, against 8 homes for sale at month end. Active inventory is up 166.7% from a year ago, giving buyers a wider field of choices than they had last year. At roughly 4.5 months of supply, that points to a relatively balanced market by the conventional rule of thumb (under three months favors sellers, over six favors buyers).
On the demand side, May 2026 recorded no closed sales. In a market the size of Woodway that is unremarkable — it reflects the small number of homes transacting in any given month, not that buyers stepped back. 1 home went under contract during the month, which is the more current read on buyer activity. When homes have sold, the median time on market has been about 16 days. Sellers are realizing about 92.5% of their original list price — below their original asking price, leaving room to negotiate.
Taken together, the ten indicators describe a balanced Woodway market. Pricing is steady year over year, while inventory and pace are the levers worth watching month to month. For a buyer or seller weighing a move, the right read is rarely a single headline number — it is the direction these series are trending together, which is exactly what the full charts below lay out.
Source: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Woodway segment. Analysis by Matthew Konsmo · Coldwell Banker Danforth. Figures are NWMLS data and are not guaranteed.
Woodway Housing Market Trends & Residential Sales Data
Thinking about buying or selling a Residential home in Woodway? This page tracks the Woodway real estate market using live Northwest Multiple Listing Service (NWMLS) data—updated monthly with median sale prices, days on market, closed sales, and inventory levels.
Because Woodway is one of the area’s small, exclusive communities—a heavily wooded, single-family town of large estate lots on the Puget Sound bluffs near Edmonds, with very limited inventory and a concentration of high-value and view properties—individual sales carry outsized weight in the data. Transaction volume is low, so monthly figures can swing sharply from one period to the next. Reading the numbers in that context is essential. Whether you are timing a purchase or preparing to list, the data below provides a clear, objective look at current market conditions.
Exploring the broader north Puget Sound market? See our guides for nearby Edmonds, Shoreline and Mukilteo.
Why Direct Comps Reign Supreme
While median and average prices are useful for identifying broad market shifts, they are often too “macro” when you are trying to value a specific front door. To find the true market value of a Woodway home, nothing beats a direct comparable (comp).
Contact Matthew for a Comparable Market Analysis on your home >
Direct comps account for the critical nuances that broader statistics completely ignore:
Hyper-Locality Matters
Woodway is small, private, and very thinly traded—only a handful of homes change hands in a typical year—which makes averages almost meaningless here. The town’s large-lot, heavily wooded character and Puget Sound bluff setting mean a west-facing parcel with Olympic Mountain and Sound views, or private beach access, can command a premium far beyond 5% to 10% over an interior lot. Lot size, privacy, slope, and tree retention all factor in, and it’s worth confirming whether a “Woodway” address sits inside the incorporated town or in the surrounding unincorporated county. With so few local sales, credible valuation often means drawing carefully on comparable Edmonds bluff and view properties. A direct comp reflects the reality of the specific lot and outlook.
Accounting for Quality and Finishes
Broad data points can’t distinguish between builder-grade finishes and high-end custom upgrades—a distinction that matters at this price tier. Whether a home features quality finishes or fully custom, architect-driven materials, direct comps allow for “line-item” adjustments. Woodway’s stock ranges from established estates to mid-century homes and ground-up modern builds on generous wooded lots, where lot usability and outlook weigh heavily. Line-item adjustments ensure the premium investments made in a home are actually reflected in its valuation.
The “Vibe” Factor
Statistics often treat square footage as equal, but buyers don’t. A classic estate held for decades and a 2026 modern build on a comparable bluff lot might share the exact same footprint, yet they appeal to entirely different buyer pools. Using direct comps ensures you’re comparing “apples to apples” by matching the architectural style, character, and lifestyle appeal of a property.
The Bottom Line: If you want to know what a home is worth in today’s market, look past the ZIP code averages and focus on the most similar properties that have closed nearby—and, in a market this thin, the most comparable view and bluff sales in the surrounding area. That’s where the real data lives. Get the facts behind your home’s value. Contact me for a personalized CMA based on your Woodway property’s specific characteristics and current market data.