Everett Housing Market Mid-April 2026: One City, Three Very Different Markets

Q: What’s happening in Everett’s housing market right now?

A: Citywide, the median Everett home is selling for around $547,000 — down roughly 11.6% from a year ago, with homes going pending in about 8 days and selling within 1% of list price. But the neighborhood-level numbers tell a very different story. Downtown Everett is *up* 11.4% year-over-year. Northwest Everett — the stately old-money neighborhood above the waterfront — is up 22.1%. And the 98208 zip code on the south end is down 7.5%. One Everett, three very different markets.

The headline number for Everett housing in early 2026 is grim if you’re a seller and encouraging if you’re a buyer: citywide, the median home is selling for $547,000, which is 11.6% below where it sat a year ago. The market is still moving fast — 8 days to pending, roughly 1% under list — but the price trajectory has turned.

Pull one layer back from that headline, though, and the picture fractures. Different corners of Everett are in genuinely different markets right now. If you’re pricing a sale, underwriting a purchase, or watching your own home value, the number that matters isn’t the citywide median. It’s the number for your block.

Here’s what we’re tracking neighborhood-by-neighborhood, based on the most recent Redfin data available as of mid-April 2026.

The Citywide Snapshot

Median sale price: ~$547,000 Year-over-year change: Down 11.6% Median price per square foot: $394 (up 0.9% YoY) Days on market to pending: ~8 Sale-to-list ratio: ~99% (homes selling about 1% under asking)

A 11.6% year-over-year decline is, by any historical measure, a significant correction. It is not, however, a 2008-style correction. The speed of sale is still fast. Price-per-square-foot is holding steady. The market is still functional. What’s happening is that the feverish appreciation of 2021–2023 has normalized out, and Everett is settling into a version of its market that looks more like 2019 than like 2022.

That settling is happening unevenly.

Downtown Everett — Up 11.4% YoY

The surprise of this cycle is downtown.

Median sale price: ~$384,000 Year-over-year change: Up 11.4%

Downtown Everett has historically been the most affordable submarket in the city — lots of older condos, aging multi-family stock, a mix of rental and owner-occupied product that rarely commands premium pricing. That is all still true. What’s changed is the direction of the trend.

The obvious catalyst is everything that’s been happening physically downtown over the last 24 months. Tapped Public House and Restaurant Row. The Schack Art Center’s spring programming. The Historic Everett Theatre. Funko HQ’s continued pull. The AquaSox stadium site plan, even without shovels in the ground, is visibly changing what a ground-floor unit on Hewitt or Wetmore is worth. And the Edgewater Bridge is about to open on April 28, which cuts what was a gnarly detour for a lot of downtown-proximate commutes.

If you bought a downtown condo in 2023 or 2024 when the citywide market was peaking and you watched your paper value slide, your value has probably recovered and then some, even as the citywide average has fallen.

A rising downtown is a real shift in how the rest of the city’s housing market is going to work. Demand for walkable, amenity-dense urban product has been building for a decade in Seattle and finally has a credible competitor on the north end.

Northwest Everett — Up 22.1% YoY (As of October 2025)

Median sale price: ~$705,000 Year-over-year change: Up 22.1% (data from October 2025)

Northwest Everett is the historic mansion district — the bluff above the waterfront, the big old homes on Rucker and Grand and Hoyt, the streets that were Everett’s money before the mills came in. It has always traded at a premium to the citywide average, and in the most recent data available it has appreciated at the fastest clip of any Everett neighborhood.

A $705,000 median in NW Everett at a +22.1% YoY pace is a market that’s being pulled by two things. One is the same thing pulling downtown — everything happening on the waterfront is making the bluff above the waterfront more valuable. The other is housing stock scarcity. NW Everett doesn’t have teardown-and-build-a-fourplex density potential the way some newer parts of Everett do. What’s there is largely what’s there. When demand for character-rich historic homes in Puget Sound spikes, NW Everett is one of the first submarkets to reprice.

The October 2025 reading is the most recent neighborhood-level number available on Redfin as of this writing. The direction of the citywide trend since then suggests the appreciation pace has probably moderated in 2026, but the relative premium is not going anywhere.

98208 — Down 7.5% YoY

Median sale price: ~$740,000 Year-over-year change: Down 7.5% (as of January 2026)

Zipcode 98208 is the south-and-east chunk of Everett — Silver Lake, a good portion of the Cascade High School attendance boundary, the areas that functionally blend into unincorporated Snohomish County. It’s where a lot of Everett’s 1990s and 2000s single-family stock sits. It’s also where a lot of the most recent in-migration from Seattle has landed since 2020.

That in-migration is what’s unwinding. 98208 saw some of the strongest appreciation during the 2021–2023 boom, and it’s now seeing some of the sharpest year-over-year declines. A $740,000 median is still substantial — higher than the citywide number — but it’s down from a peak around $800,000.

If you’re buying in 98208 right now, the deals are better than they’ve been in three years. If you’re selling, you’re competing against more inventory than NW Everett or Downtown sellers are, and the negotiation leverage is on the other side of the table.

What It Means for Different Everett Buyers

First-time buyer

Downtown is actually your best entry point right now. $384,000 median for a downtown condo is a number that, with a VA or FHA loan, is within reach for a dual-earner household at Everett’s median household income. You’re buying a smaller unit, but you’re buying into a trajectory. The +11.4% YoY in downtown is what appreciation looks like when the fundamentals around a neighborhood genuinely improve.

Move-up buyer

98208 is your buy. If you already own a smaller unit and you’re looking to trade up into a 3-4 bedroom single-family home, the citywide market is softer than it’s been since 2019, and the 98208 submarket specifically is down more than the citywide average. Your existing property’s paper value may be softer than you’d like, but you’re buying into a deeper discount than you’re selling out of.

Investor / developer

Watch Millwright District pre-leasing and Waterfront Place Restaurant Row lease-up as leading indicators for downtown. If the foot traffic and tenant demand at Waterfront Place keeps trending the way it has, downtown appreciation is going to keep outrunning the citywide average for at least another cycle. The investment thesis for small downtown multi-family right now is specifically the Waterfront Place thesis.

Seller

Price it sharp. Eight days to pending doesn’t mean every home is getting multiple offers. It means well-priced homes move fast and overpriced homes get stale fast. The citywide market is down 11.6%; don’t anchor to what your neighbor got in 2022. Talk to an agent who’s closed deals in the last 90 days in your specific zip code.

What to Watch Next

Three things that could move the neighborhood numbers between now and the end of summer 2026:

• The downtown stadium vote on April 29. The City Council is being asked for $10.6 million in design funding. If the vote passes and the stadium project stays on track, downtown appreciation gets a structural tailwind. If it doesn’t, the most bullish part of the downtown thesis cools off.
• Sound Transit Everett Link decisions. The Draft EIS is expected this year. Any final decision — in either direction — on the Everett Link extension will move downtown and waterfront-adjacent pricing materially.
• Millwright District Phase 2 leasing traction. 120,000 square feet of waterfront office space is being pre-leased right now. Which tenants sign determines what downtown’s weekday population looks like in 2027–2028, which determines what downtown condo rents do next.

The Everett housing market of 2026 is a market in transition. The story is not “Everett is up” or “Everett is down” anymore. It’s “which Everett.”

Frequently Asked Questions

What is the median home price in Everett right now? Approximately $547,000 citywide, down 11.6% year-over-year as of early 2026.

Which Everett neighborhood is appreciating fastest? Northwest Everett posted the strongest recent year-over-year gain at approximately +22.1% as of October 2025 data, with a median sale price around $705,000.

Which Everett neighborhood is the most affordable? Downtown Everett is the most affordable submarket, with a median around $384,000 — though it’s now appreciating at +11.4% YoY as the Waterfront Place and downtown revitalization story accelerates.

How quickly are Everett homes selling? Homes in Everett are going pending in approximately 8 days on average, selling at roughly 1% below list price.

Is it a buyer’s market or a seller’s market in Everett? It’s a mixed market. Citywide prices are down meaningfully year-over-year, which gives buyers leverage, but sale speed (8 days to pending) remains fast, which works in sellers’ favor if pricing is sharp. By neighborhood, Downtown and Northwest Everett lean seller, 98208 leans buyer.

Where is Everett housing most softening? The 98208 zip code on Everett’s south side was down 7.5% year-over-year as of January 2026, with a median around $740,000. This is the submarket that appreciated most aggressively during 2021–2023.

How should I think about Everett housing in 2026 overall? Don’t use the citywide number to value your specific home. Neighborhood-level variance in Everett right now is wider than citywide averages would suggest. A real estate agent who has closed recent deals in your specific zip code will give you a much more accurate number than a citywide aggregate.