Mountlake Terrace, WA Housing Market

$674,900

1.5% 1-yr

The average Mountlake Terrace, WA home value is $674,900, down 1.5% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Mountlake Terrace Key Takeaways

Typical Home Values: $674,900

1-year Value Change: -1.5%

(Data through October 31, 2025)

Mountlake Terrace Housing Market Overview

--1-year Market Forecast

49For sale inventory(October 31, 2025)

20New listings(October 31, 2025)

--Median sale to list ratio

--Median sale price(September 30, 2025)

$628,825Median list price(October 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Mountlake Terrace

NameMedian ZHVI
Ballinger$622,495
Echo Lake$754,482
North City$737,963
Alderwood Manor$845,081
Hillwood$847,075
Meridian Park$799,017
Ridgecrest$748,261
Richmond Highlands$868,962
Fircrest--

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Mountlake Terrace Rental Market Trends

$2,085Average rent in Mountlake Terrace(October 31, 2025)

$1,949National average rent(October 31, 2025)

1.5%Month-over-month change(October 31, 2025)

3.4%Year-over-year change(October 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.