Bothell Real Estate Market Update – January 2025 Bothell continues to be a highly desirable real estate market, offering a great balance of suburban living, strong schools, and proximity to major job centers like Seattle and Bellevue. The median sales price for January 2025 was $1,070,000, reflecting a slight decline from $1,119,000 in December and $1,130,000 a year ago. Despite this drop, demand remains strong, and home values continue to hold steady. So, what can you buy for that amount in Bothell? A great example is this two-story home in North Bothell, featuring 2,300 sq ft, 3 bedrooms, built in 2007, which sold last month for $1,075,000—showing that well-maintained properties in desirable neighborhoods remain in demand. 📊 Key Market Insights for Bothell – January 2025 Median Sales Price: $1,070,000 (down from $1,119,000 in December and $1,130,000 a year ago). Price per Square Foot: $516 (up from $508 in December and $470 a year ago, indicating price growth in smaller homes). Pending Sales: 88 (a sharp increase from 54 in December, showing strong buyer activity, though slightly down from 92 a year ago). Sold Price-to-List Price Ratio: 100% (homes are selling at their asking price on average, showing continued demand). Average Days on Market: 25 days (indicating that well-priced homes are selling quickly). Absorption Rate: 1.6 months (suggesting a balanced but slightly seller-favored market, where homes are moving at a steady pace). 🏡 What This Means for Buyers & Sellers ✅ For Buyers: With pending sales rising and homes selling at full list price, the Bothell market remains competitive. Buyers should be prepared to act quickly and make strong offers on desirable properties. ✅ For Sellers: Although median prices have dipped slightly, homes are still selling efficiently and at full asking price. Properly priced homes in prime locations like North Bothell continue to attract buyers. 📞 Contact Me for Expert Real Estate Advice 📍 Chris Byler – Windermere Real Estate 🏡 Local Neighborhood Expert 📧 chrisbyler@windermere.com 📱 206-601-8945 If you found this video helpful, please like, comment, and subscribe for more real estate updates!
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