Explore Mountlake Terrace, WA - Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$630,000

Market Insights

The housing market in Mountlake Terrace continues to see strong price appreciation, with values up 25.5% compared to last year. Home prices have decreased 4.5% in the past month. With 9 active listings, inventory is 125% higher than seasonal norms. Transaction volume is up 67% compared to what's typically expected this time of year. A significant 44.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 46.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Mountlake Terrace market with the affordability index at 147.3. Based on current market indicators, home prices in Mountlake Terrace are projected to decrease by approximately 15.8% over the next month.

Demographics market for - Mountlake Terrace, WA

Total Population -

20,415

White Population

72.85%

Black Population

6.51%

Mexican72.30% (6.71% of total population)
Puerto Rican2.64% (0.24% of total population)
Cuban1.06% (0.10% of total population)
Dominican0%
Salvadoran4.91% (0.46% of total population)
Costa Rican0%
Gautemalan0.74% (0.07% of total population)
Honduran0%
Nicaraguan4.59% (0.43% of total population)
Panamanian0%
Argentinean0.79% (0.07% of total population)
Bolivian0%
Chilean0.11% (0.01% of total population)
Colombian0.47% (0.04% of total population)
Ecuadorian7.18% (0.67% of total population)
Peruvian2.06% (0.19% of total population)
Uruguyan3.17% (0.29% of total population)
Venezuelan0%

Indian 11.61% (1.08% of total population)
Bangladeshi 0%
Chinese 20.37% (1.89% of total population)
Bhutanese 0%
Burmese 0%
Filipino 26.65% (2.47% of total population)
Hmong 0%
Indonesian 6.39% (0.59% of total population)
Japanese 9.29% (0.86% of total population)
Korean 8.23% (0.76% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Thai 6.12% (0.57% of total population)
Vietnamese 17.36% (1.61% of total population)

Hawaiian1.37% (0.13% of total population)
Samoan0%
Chamorro0%
Fijian0%
Marshallese14.88% (1.38% of total population)

Crime for - Mountlake Terrace, WA

Sex Offenses100.00%

Fraud Offenses100.00%

Assault Offenses100.00%

Robbery100.00%

Stolen Property Offenses7.53%
Motor Vehicle Theft7.53%
Destruction/Damage/Vandalism of Property45.16%
Burglary/Breaking & Entering3.23%
Larceny/Theft Offenses36.56%

Real Estate Market Prediction for - Mountlake Terrace, WA

City Hotspots
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