October 2025 Market Update: King, Snohomish and Pierce Counties See Inventory Surge and Modest Price Shifts

According to the latest October 2025 Market Snapshot from the Northwest Multiple Listing Service, the Puget Sound housing market is balancing easing mortgage rates with increased inventory. Mortgage interest rates trended downward in October, finishing at approximately 6.17%, the lowest level since early October 2024. This easing helped lift month-over-month activity slightly, although year-over-year changes still reflect affordability challenges.

Across Washington state, NWMLS reports a 27% increase in active listings compared to October 2024, while sales and median prices fell modestly year-over-year. Locally, King, Snohomish, and Pierce Counties show similar patterns: more homes on the market, more options for buyers, and strategic positioning needed for sellers.



Snohomish County Highlights

Snohomish County experienced one of the largest jumps in available homes in the entire NWMLS region.

  • Active listings (residential + condo) up 42.15% year-over-year, rising from 1,414 in October 2024 to 2,010 in October 2025.

  • New listings increased slightly year-over-year, from 1,051 to 1,106.

  • Pending sales decreased by 6.97% and closed sales decreased by 9.39%.

  • Median sales price dipped to $739,500, down from $753,000 in October 2024.

  • Months of inventory rose to 2.39, showing a market moving toward balance.

More choices and slightly softer pricing offer renewed opportunity for buyers, especially those who were previously edged out in competitive conditions.

King County Highlights

King County continues to maintain strong market fundamentals even with rising inventory levels.

  • Active listings (residential + condo) increased 25.64% year-over-year, from 4,552 to 5,719.

  • New listings rose modestly from 2,831 to 2,953.

  • Pending sales declined 10.45% and closed sales fell 6.90%.

  • Median sales price increased slightly to $887,300, compared to $865,000 last year.

  • Months of inventory reached 2.67.

King County’s price resilience reflects continued demand in major employment and lifestyle centers, including Seattle and the Eastside.

Pierce County Highlights

Pierce County remains one of the most accessible price points in the region and has seen a significant rise in available homes.

  • Active listings rose 28.44% year-over-year, from 2,015 to 2,588.

  • New listings increased from 1,085 to 1,151.

  • Pending sales dropped 6.01% and closed sales declined 9.00%.

  • Median sales price slid slightly to $560,000, down from $569,987 last year.

  • Months of inventory increased to 2.91.

For buyers seeking value, Pierce County continues to offer attractive opportunities with more selection and room to negotiate.

Side-by-Side Comparison: October 2025 vs. October 2024

(Residential + Condo Combined)

King County

  • Active Listings: 5,719 (2025) vs. 4,552 (2024)

  • New Listings: 2,953 vs. 2,831

  • Pending Sales: 2,228 vs. 2,488

  • Closed Sales: 2,144 vs. 2,303

  • Median Sales Price: $887,300 vs. $865,000

  • Months of Inventory: 2.67

Snohomish County

  • Active Listings: 2,010 vs. 1,414

  • New Listings: 1,106 vs. 1,051

  • Pending Sales: 921 vs. 990

  • Closed Sales: 840 vs. 927

  • Median Sales Price: $739,500 vs. $753,000

  • Months of Inventory: 2.39

Pierce County

  • Active Listings: 2,588 vs. 2,015

  • New Listings: 1,151 vs. 1,085

  • Pending Sales: 1,080 vs. 1,149

  • Closed Sales: 890 vs. 978

  • Median Sales Price: $560,000 vs. $569,987

  • Months of Inventory: 2.91

What This Means for Buyers and Sellers

For Buyers:

  • More homes to choose from

  • Slightly improved affordability due to softening prices and lower rates

  • Increased negotiating power in some areas

For Sellers:

  • More competition from rising inventory

  • Accurate pricing and strong presentation are essential

  • Serious buyers remain active, especially in desirable locations

If you are preparing to buy or sell in King, Snohomish, or Pierce County, our team at Katrina Eileen Real Estate is here to guide you with expertise, data-driven strategy, and personalized representation. Contact us anytime to discuss your goals and opportunities in today’s evolving market.

Fawn Morgan