March 2025 Real Estate Recap: Spring Momentum Builds in King, Pierce & Snohomish Counties


As we welcome spring, the real estate market across King, Pierce, and Snohomish Counties is picking up steam—bringing more listings, more buyers, and renewed energy into the market.

According to the latest data from the Northwest Multiple Listing Service (NWMLS), March showed a strong seasonal uptick in activity, supported in part by a slight dip in mortgage rates (down to 6.65%) and an increase in listings as sellers returned to the market. But with rising home prices and limited inventory, the balance between buyers and sellers remains tight.

Here’s how things shaped up locally in the counties Katrina Eileen Real Estate serves:

🔹 King County

  • Active Listings: 3,700 (⬆️ 59.76% year-over-year)

  • Pending Sales: 2,662 (⬆️ 4.03%)

  • Closed Sales: 1,991 (⬆️ 5.7%)

  • Median Sale Price: $855,000 (⬆️ 0.59%)

  • Months of Inventory: 1.86

King County continues to lead the region with the highest home values. With nearly 60% more inventory than last year, buyers have more options, but competition remains steady as pending and closed sales are also on the rise.

🔹 Pierce County

  • Active Listings: 1,427

  • Pending Sales: 1,205

  • Closed Sales: 857

  • Median Sale Price: $555,000

  • Months of Inventory: 1.67

Pierce County maintains its appeal as a more affordable alternative to King County, with a healthy number of active listings and continued buyer demand. Inventory levels remain below the 2-month mark, indicating a seller-favorable market.

🔹 Snohomish County

  • Active Listings: 1,082

  • Pending Sales: 1,059

  • Closed Sales: 779

  • Median Sale Price: $755,000

  • Months of Inventory: 1.39

Snohomish County posted the largest year-over-year inventory increase in the region (+83.1%), giving buyers more breathing room—but with nearly as many pendings as active listings, homes are still moving quickly.

📈 Regional Trends to Watch

  • Inventory is up across the board, with 21 of 26 counties seeing double-digit increases.

  • Closed sales across the NWMLS were up 4.7% from March 2024 and 26.7% from February 2025.

  • Median prices climbed to $649,999 across the NWMLS area, continuing to test affordability for buyers.

  • Buyer activity is heating up, with showing appointments up 25.5% month-over-month.

💬 What This Means for You

Whether you’re thinking about buying, selling, or just keeping an eye on the market, the early spring trends suggest more movement and more opportunity. While inventory is slowly improving, affordability and competition remain key challenges, making it more important than ever to work with a trusted, experienced real estate team.

At Katrina Eileen Real Estate, we’re here to help you navigate every shift in the market with confidence and clarity. Reach out today to explore your options—we’d love to connect.

Want to know what your home is worth or see what’s available in your area? Contact us today or browse the latest listings on our website.

Fawn Morgan