Mountlake Terrace, WA Housing Market

$671,202

1.7% 1-yr

The average Mountlake Terrace, WA home value is $671,202, down 1.7% 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: $671,202

1-year Value Change: -1.7%

(Data through December 31, 2025)

Mountlake Terrace Housing Market Overview

--1-year Market Forecast

39For sale inventory(December 31, 2025)

12New listings(December 31, 2025)

--Median sale to list ratio

--Median sale price(November 30, 2025)

$574,083Median list price(December 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$619,917
Echo Lake$750,774
North City$729,639
Alderwood Manor$838,246
Hillwood$844,125
Meridian Park$794,828
Ridgecrest$745,699
Richmond Highlands$864,235
Fircrest--

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Mountlake Terrace Rental Market Trends

$2,043Average rent in Mountlake Terrace(December 31, 2025)

$1,901National average rent(December 31, 2025)

0.1%Month-over-month change(December 31, 2025)

2.7%Year-over-year change(December 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.