Mukilteo Market Pulse
Four indicators that tell you where the Mukilteo 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, Mukilteo 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 Mukilteo Market
In May 2026, the median sales price across Mukilteo residential came in at $1.01M, essentially level with the month prior, while the median price per square foot stood at $441. Year over year the median is down 16.3%, a signal of some give in pricing power in this market.
On the supply side, Mukilteo saw 29 new listings come to market in May 2026, against 40 homes for sale at month end. Active inventory is up 11.1% from a year ago, giving buyers a wider field of choices than they had last year. At roughly 3.0 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).
Demand stayed active: 16 pending sales and 16 closings in May 2026. The median home took about 4 days to sell — a fast pace that rewards prepared buyers. Sellers are realizing about 100.0% of their original list price — at or above their original asking price, a sign sellers are holding leverage.
Taken together, the ten indicators describe a balanced Mukilteo market. Pricing has softened modestly 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, Mukilteo segment. Analysis by Matthew Konsmo · Coldwell Banker Danforth. Figures are NWMLS data and are not guaranteed.
Mukilteo Housing Market Trends & Residential Sales Data
Thinking about buying or selling a Residential home in Mukilteo? This page tracks the Mukilteo 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 Mukilteo sits on the Puget Sound waterfront in Snohomish County—a sought-after community where view and waterfront homes command premiums, anchored by its historic ferry landing and lighthouse, with a housing stock that ranges from established homes to master-planned developments and townhomes—tracking localized data is essential for understanding general market direction. Whether you are timing a purchase or preparing to list, the data below provides a clear, objective look at current market conditions.
Looking for a more localized market perspective? Explore our hyper-local neighborhood guides for a micro view of specific real estate markets across the city, from Old Town and Harbour Pointe.
Buying or selling a condo in Mukilteo? Condo Market Trends >
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 Mukilteo 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
In Mukilteo, the view does much of the talking. West-facing bluff homes that capture Puget Sound, the Olympics, and the Whidbey Island ferry crossing command premiums that an inland lot simply can’t match—often well beyond 5% to 10%. The historic Old Town near the waterfront and lighthouse trades very differently from the master-planned Harbour Pointe community to the south, and the strong draw of the Mukilteo School District adds value that varies street by street. A citywide average can’t see these lines; a direct comp reflects the reality of the specific lot, elevation, and outlook.
Accounting for Quality and Finishes
Broad data points can’t distinguish between builder-grade finishes and high-end custom upgrades. Whether a home features standard laminate or custom mitered-edge quartz, direct comps allow for “line-item” adjustments. Mukilteo’s stock spans older homes near the water, 1990s-and-newer planned-community construction in Harbour Pointe, and custom bluff-view builds—so two similar-sized homes can diverge widely once finishes, lot position, and outlook are weighed. Line-item adjustments ensure the premium investments made in a home’s interior are actually reflected in its valuation.
The “Vibe” Factor
Statistics often treat square footage as equal, but buyers don’t. A 1990s home in Harbour Pointe and a 2026 modern build on a Sound-view bluff 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 three or four most similar properties that have closed nearby. That’s where the real data lives. Get the facts behind your home’s value. Contact me for a personalized CMA based on your Mukilteo property’s specific characteristics and current market data.