Tygart Media

Tag: Housing Inventory

  • Everett’s New Construction Market Just Showed Its Hand: Why Only One Home Closed This Month

    Everett’s New Construction Market Just Showed Its Hand: Why Only One Home Closed This Month

    Q: What’s happening with new construction in the Everett housing market right now?
    A: New construction in Everett is sitting on more inventory than it wants to be. In April 2026, only a single new-construction home in Everett closed on market — and it sold over list price, which almost never happens in this segment in a softer market. Across Snohomish County as a whole, new-construction average pricing came in around $923,988, down 2.3% year-over-year, with inventory climbing to about 3.2 months and closed sales off 34.3%. The short version: buyers have more leverage, builders are competing harder on financing incentives than on headline prices, and the new-build segment is noticeably softer than resale.

    Everett’s New Construction Market Just Showed Its Hand: Why Only One Home Closed This Month

    Most of the Everett housing coverage lately has been about the resale market. Price bands. Median numbers. Neighborhoods where prices are up double digits and neighborhoods where they are underwater. Rentals softening. That’s a useful lens. It’s also hiding a quieter story that is arguably more interesting for anyone trying to understand where Everett is actually headed.

    The new-construction side of the market is telling a completely different story from resale this month. We stopped by the numbers, and the gap is wider than we expected.

    The Number That Jumps Off the Page

    One new-construction home in Everett closed last month. One. And it went over list price — which is almost the last thing you expect in the new-build segment when inventory is elevated and rates have nudged back up. That’s not the sign of a healthy new-construction market. That’s the sign of a market where buyers are only pulling the trigger on very specific homes, and builders are holding the rest of their inventory waiting for either a rate break or a concession package that moves someone off the fence.

    Zoom out one step to Snohomish County as a whole — which is how most of the new-construction data gets rolled up, because individual city-level samples get thin fast — and the story gets clearer. New-construction average pricing countywide is sitting around $923,988, down 2.3% year-over-year. Inventory is running around 3.2 months. Closed sales are off 34.3% compared to where the segment was a year ago.

    Resale in Everett is not pristine either — we’ve been writing about the softening mid-market for weeks — but the new-construction picture is measurably more strained.

    Why New Construction Is Softer Than Resale Right Now

    Three things are happening at the same time, and they compound.

    One: mortgage rates moved higher in April. That is the single biggest pressure on affordability in the market. When rates move, the monthly payment calculation on a $900,000 new build goes up faster than on a $600,000 resale, and buyers who were barely hitting the ratio on a new construction quote walk away. Resale buyers at lower price points absorb the same rate increase with less total dollar damage.

    Two: new construction is a buyer’s option, not a buyer’s necessity. If you are relocating for a Boeing North Line job or a Naval Station Everett assignment and you need to close in 60 days, you are shopping the resale market. New construction buyers are usually the move-up or move-over buyer who has the luxury of waiting — and right now, “wait and see what rates do” is a real strategy.

    Three: inventory. When a builder has unsold standing inventory at month-end, they are paying carrying costs — interest on construction loans, insurance, HOA dues on finished units. That pushes builders toward incentives (rate buydowns, closing cost credits, appliance packages) rather than headline price cuts. Headline prices hold, monthly payments effectively drop through financing support, and the MLS-reported median looks flatter than the actual buying experience.

    What This Means If You’re Buying in Everett

    If you are shopping new construction in Everett right now, you have more leverage than you have had in several seasons. That doesn’t mean builders are desperate — most of them aren’t — but the conversation you can have about rate buydowns, closing credits, or upgrade packages is genuinely a different conversation than it was a year ago.

    A couple of practical notes from what we are seeing on the ground:

    • Ask about financing incentives before you ask about price cuts. Builders are much more willing to subsidize a 2-1 buydown or cover points than to reduce the sticker. Your monthly payment is what matters.
    • Standing inventory is where the flexibility is. Homes under construction that aren’t spec’d to a specific buyer are the ones builders want to move before carrying costs keep piling up. Ask the agent which homes are past their original target close date.
    • Comps are thinner in the new-build segment. Because volume is down, each closed sale has outsized weight in the comp set. One closing at the list price shifts the reported median more than it used to.
    • Pay attention to what’s included. In a softer market, builders sometimes quietly upgrade the standard package — nicer countertops, higher appliance tier — instead of cutting price. Two quotes at the same headline price may be meaningfully different products.

    What This Means If You’re a Seller with a Newer Home

    If you bought a new construction in Everett in 2022, 2023, or 2024 and you’re looking at selling into this market, the calculus is real. You are competing directly with builders who have financing incentives you can’t match. You can’t write a rate buydown. You can’t throw in an appliance package.

    What you can do is lean into the things new construction can’t offer. Landscaping that has actually grown in. A backyard that doesn’t look like raw dirt. Window coverings. The kind of move-in readiness that makes a buyer with a two-week closing timeline choose your home over a builder’s inventory that still needs a walk-through punch list.

    For anyone in a newer neighborhood where you are on market against active new construction just a few blocks away, pricing below the builder’s advertised headline is often the wrong move. Pricing to a realistic monthly payment after adjusting for the builder’s available buydown is closer to the honest comparison.

    The Bigger Picture for Everett

    Everett has a lot of new construction pipeline coming. The Millwright District Phase 2 will put more than 300 new units on the waterfront. Waterfront Place’s existing units at the Sawyer and Carling are 95% full, which is a strong signal on urban mid-rise demand but doesn’t tell us much about single-family new construction at the Everett city limits or out toward Silver Lake.

    What April’s data actually says is that the Everett housing market is not one market. It is at least three markets running in parallel. Urban waterfront apartments are leasing. The resale middle market is softening but functional. The new-construction single-family segment is under real pressure. If you are making a decision in any one of those segments, the others are not reliable comparisons.

    The next few months are going to tell us how much of this softness is rate-driven (and therefore reversible the moment rates move) and how much is a structural shift in Everett’s buyer pool. If rates break, the new-construction segment probably moves first and moves sharply. If they don’t, builders will keep leaning on incentives through the summer and some of that standing inventory will start to feel like opportunity to patient buyers.

    We’ll keep watching. If you are making a real buying or selling decision, get hyperlocal. The countywide averages are useful context, but the actual number that matters is the monthly payment on a specific house in a specific neighborhood, against an honest comparison of what else you can buy at that same monthly payment right now.

    Frequently Asked Questions

    How many new construction homes closed in Everett last month?
    One. That single closing went over list price, which is an unusual outcome in a segment where inventory is otherwise elevated.

    What is the average price on new construction in Snohomish County right now?
    Countywide, new-construction average pricing came in around $923,988, down 2.3% year-over-year.

    How much new-construction inventory is on the market?
    Across Snohomish County, new-construction inventory is running around 3.2 months. Closed sales are off 34.3% compared to the same period a year ago.

    Why is new construction softer than resale right now?
    A combination of higher mortgage rates in April, the fact that new-construction buyers can usually afford to wait, and builder carrying costs on standing inventory. Builders are competing with financing incentives rather than headline price cuts, which is a different lever than resale sellers can pull.

    Should I ask for a price cut or an incentive?
    For most new-construction buyers in this market, financing incentives — rate buydowns, closing cost credits, appliance packages — are a more productive conversation than asking for a straight price reduction. Builders resist cutting the sticker because it affects the comp set for their entire project. They are more willing to subsidize the payment.

    Is it a good time to sell a newer home in Everett?
    It’s harder than it was a year ago because you are competing directly with builders offering financing support you can’t match. Lean into what resale can offer that new construction cannot — mature landscaping, move-in-ready condition, window coverings already installed, a yard that isn’t raw dirt.

    How is this different from what you’ve written about the Everett resale market?
    The resale market in Everett is softer than it was but still functional, with meaningful variance by neighborhood and price band. The new-construction segment is measurably more strained than resale right now, and the dynamics — financing incentives, standing inventory, builder carrying costs — are specific to new builds.

    Deeper Coverage in the Exploring Everett Series

    For a more comprehensive treatment of the issues raised in this article, see:

  • Everett’s Rental Market Just Flipped: Why Apartment Rents Are Down 2% and What That Means for 2026

    Everett’s Rental Market Just Flipped: Why Apartment Rents Are Down 2% and What That Means for 2026

    Featured Snippet

    Q: Is rent going up or down in Everett in 2026?

    A: Rent in Everett is actually down about 2% year-over-year as of April 2026. The average apartment rent in Everett is $1,849, down from $1,887 a year ago. Studios sit around $1,476, one-bedrooms around $1,676, two-bedrooms around $1,930, and three-bedrooms around $2,340. That makes 2026 a noticeably renter-friendlier market than 2022-2023, driven by new apartment supply from the Waterfront Place, Riverfront, and downtown buildouts finally coming online.

    Everett’s Rental Market Just Flipped: Why Apartment Rents Are Down 2% and What That Means for 2026

    Everybody in Everett has spent the last three years talking about how for-sale home prices have moved — the median is $547K, down 11.6% from last year, with the downtown and Northwest Everett markets moving in completely different directions than the 98208 zip code. We wrote about that last week. But the story on the rental side is quieter, and most people in Everett haven’t noticed it yet: apartment rents here are actually going down.

    Not dramatically. Not uniformly. But down, year-over-year, in a market that’s been running the other direction for most of the past decade. Here’s the full picture as of mid-April 2026.

    The Headline Numbers

    The average rent for an apartment in Everett right now is $1,849 per month, down about 2.04% from $1,887 a year ago. That’s a ~$38/month reduction on the average unit, or roughly $456/year back in renters’ pockets for the same apartment that cost more last April.

    That’s a meaningful shift. For context, Everett rents climbed 15-20% over the three years from 2020 to 2023. Getting to any year-over-year decline at all is a sign of a market that’s rebalancing — and for a lot of working Everett renters, it’s the first real relief in years.

    Different data sources have slightly different numbers (rental data always has spread because it’s collected differently by each source), but the direction is consistent:

    • Apartments.com: Average rent down ~2% year-over-year
    • Apartment List: Rents down 1.6% year-over-year
    • Zumper / Rent.com / Point2: Comparable declines of 0.9-2% year-over-year

    The median advertised rent for Everett is approximately $1,830 per month. Over the past 3-6 months, the rental market has been mostly stable with only moderate advertised rent movement, which is the market doing what a market does when supply catches up to demand.

    The Full Apartment-Size Breakdown

    Here’s what renters are paying by unit size in Everett right now:

    • Studio: $1,476/month (roughly 500 sq ft)
    • One-bedroom: $1,676/month (685 sq ft — $2.45/sq ft)
    • Two-bedroom: $1,930/month (941 sq ft — $2.05/sq ft)
    • Three-bedroom: $2,340/month (1,186 sq ft — $1.97/sq ft)

    Two things jump out. First, the price-per-square-foot actually gets cheaper as units get bigger — which is classic rental economics, because larger units attract longer leases and families looking to stay put. Second, the jump from studio to one-bedroom is only about $200/month, which suggests Everett’s studio supply is relatively tight compared to one-bedrooms. If you can qualify for a one-bedroom, the “extra room” premium is small enough that it’s worth taking.

    What’s Causing Rents to Soften

    Everett isn’t an outlier here. The broader Puget Sound rental market has softened in 2025-2026 after a brutal run-up. But Everett has its own specific reasons, and all of them are connected to the construction we’ve been tracking on this desk for months.

    New supply is finally hitting the market. Waterfront Place’s 266 units at The Sawyer and The Carling are stabilized and leasing at current prices. Riverfront Phase 1 apartments are leased and Phase 2 is delivering. Downtown has added units in new mid-rise buildings. Millwright District Phase 2 is breaking ground this year for 300+ more units. Every apartment that opens pulls some renter out of the existing stock and forces older buildings to compete on price.

    Boeing hiring hasn’t fully absorbed the supply yet. The North Line is ramping, but the jobs are being filled over the course of 2026, not all at once. Until the workforce fully shows up and signs leases, the demand side of the equation hasn’t caught up to the supply wave.

    Home purchase re-entry. Everett’s median sale price is down 11.6% year-over-year to $547K. Every renter who decides that finally makes a down payment pencil out is a renter leaving the rental pool. That’s small in aggregate but real at the margins.

    Broader regional mix. Seattle and Bellevue rent softness bleeds north. When Seattle apartments drop, people who priced themselves out of Seattle and moved north to Everett start seeing Seattle back in reach. That slight outbound migration from Everett’s rental market is real even if the numbers are modest.

    What It Means Block by Block

    Not every Everett neighborhood is seeing the same rent behavior. Based on advertised listings across the city:

    Downtown Everett. Newer mid-rise buildings along Hewitt, Colby, and Rucker are where the most competitive pricing is showing up. These buildings opened into a softening market and are offering concessions (one month free, reduced deposits, waived admin fees) more often than we’ve seen in years. If you’re apartment-hunting in downtown in April-May 2026, ask about concessions — don’t accept the advertised rate as final.

    Waterfront Place area. The Sawyer and Carling at Waterfront Place list 13 units available as of this week, with rents ranging from $2,202 to $2,800. That’s premium pricing consistent with the amenity package (two rooftop decks, speakeasy lounge, fitness, concierge) but it’s also a signal of a complex that’s about 95% leased — so scarcity pricing still applies at the top end of the market even when the broader market is softening.

    Northwest Everett. Older buildings along Grand Avenue, near Forest Park, and in Bayside are the slowest to cut. These are often owner-operated or small-portfolio landlords who don’t reprice as aggressively as institutional operators. Rents here are more sticky — less upside but less downside.

    98208 (Silver Lake / south Everett). This is where the mix skews toward larger two- and three-bedroom units, and where the rent-per-square-foot is actually the cheapest in the city. Families relocating for Boeing, Naval Station Everett, or Providence Regional Medical Center jobs often end up here because the space-for-money math works.

    The Renter’s Playbook for Spring 2026

    If you’re renting in Everett right now or shopping for a new lease this spring, here’s what we’d tell a friend:

    Ask for concessions, always. A softening market is a concession market. One month free on a 13-month lease is a ~7.7% effective rent reduction. That’s often a better deal than a nominally cheaper rent elsewhere.

    Don’t auto-renew without comparing. If you’re approaching a renewal, pull three to five comparable units on Apartments.com or Zumper before your landlord sends the renewal letter. You now have negotiating leverage you didn’t have two years ago.

    Look at buildings that opened in 2024 or 2025. These properties are stabilizing their rent rolls and are the most likely to run promotions. Older buildings (especially small privately-owned ones) are less flexible.

    If you’re shopping waterfront-adjacent, understand the premium. Waterfront Place pricing ($2,202-$2,800) isn’t representative of Everett as a whole. If you want the view and amenities, you pay for them. If you want value, you go downtown or into Northwest Everett.

    Check your credit and documentation now. A balanced market still favors renters with clean paper. Boeing pay stubs, Navy LES statements, and steady employment get leases signed faster than thin credit files, even when the market is soft.

    What Comes Next

    The rental market in Everett is not going to stay soft forever. By late 2026 and into 2027, two things happen at once:

    1. Boeing North Line hiring fully absorbs into the local rental market.

    2. The Millwright District 300+ apartments and other Waterfront Place housing deliveries slow down the supply pipeline.

    When supply slows and demand firms, rents resume climbing. That’s not a prediction — that’s what the math does. Renters who sign 14-month or 18-month leases this spring at today’s softer rates are locking in a floor that may feel like a deal in 2027.

    For landlords, the message is the opposite. The days of 8-10% annual rent increases as a default assumption are gone. The next year or two is about occupancy — filling units, keeping residents, earning the privilege of raising rents again when the market turns.

    Everett is going through the quiet part of its rental cycle right now. It won’t last. But while it’s here, it’s the first renter-friendly window this city has had in a long time, and worth knowing about.

    Frequently Asked Questions

    What is the average rent in Everett WA in 2026?

    The average apartment rent in Everett is approximately $1,849 per month as of April 2026, down about 2% from $1,887 a year ago.

    Is rent going up or down in Everett?

    Rent is currently going down in Everett. Average rents are off roughly 2% year-over-year across most data sources (Apartments.com, Apartment List, Zumper), driven largely by new apartment supply hitting the market and a broader Puget Sound rental softening.

    How much is a one-bedroom apartment in Everett?

    A one-bedroom apartment in Everett rents for approximately $1,676 per month on average, for a typical 685 square foot unit. Rent per square foot is about $2.45 at that size.

    How much is a two-bedroom apartment in Everett?

    A two-bedroom apartment in Everett rents for about $1,930 per month on average, for roughly 941 square feet. That works out to about $2.05 per square foot.

    Is now a good time to rent in Everett?

    Spring 2026 is one of the most renter-friendly windows Everett has had in years. Concessions (free months, reduced deposits) are common in newer downtown buildings, and lease negotiations have more room than they did in 2022 or 2023.

    Why are Everett rents going down?

    Three main reasons: new apartment supply at Waterfront Place, Riverfront, and downtown is hitting the market; Boeing North Line hiring is ramping but not fully absorbed; and the broader Puget Sound rental market is softening, which pulls Everett with it.

    Will rents go back up in Everett?

    Likely yes, by late 2026 or 2027 as Boeing North Line fully staffs up and new apartment supply slows. Locking in a longer lease this spring at today’s rates is a reasonable hedge for tenants who plan to stay.

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

    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.