Market report, updated November 9, 2026

Gateway Home Values and Market Report

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Report prepared by Homes77.com

(253) 209-4200

Market at a glance

Over the last 12 months, homes sold for 98.5% of list price in 33 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $568K Sold · $567K

$1.01M$800K$590K$380K

NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

4 N

3 D

2 J

6 F

3 M

2 A

4 M

3 J

5 A

4 S

3 O

Peak: 6 sales in Feb. Last month: 3.

Where the market stands

All homes in this report, by status.

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

1.9months of inventory

Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$631K

Under contract$680K

Sold$639K

Average days on market

Active96 days

Under contract11 days

Sold33 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale

Homes for sale 7

Average list price $630,534

Avg. days on market 96 days

Avg. price per ft² $499 Based on 5 of 7 homes

Avg. living area 1,756 ft² Based on 5 of 7 homes

Avg. beds / baths 3.4 / 2.0

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

2 homes didn’t report living area and aren’t shown.

$1.5M$1M$500K$0

Price vs. living area: 5 homes plotted, up to $1.5M and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

1 0–30 days

3 31–90

2 91–180

1 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

4 ≤3 bd

1 4 bd

2 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 5 homes in this status.

5507 240th Street SW$680

5408 240th Street SW$577

4805 238th Street SW$437

23906 60th Avenue W$427

24116 52nd Avenue W$378

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
23906 60th Avenue WMountlake Terrace, WA 98043	5	2	1,344	$575,000	$427	197 days
24222 54th Avenue W Unit #28Mountlake Terrace, WA 98043	2	2	—	$154,900	—	4 days
24222 54th Avenue W Unit #65Mountlake Terrace, WA 98043	2	2	—	$94,950	—	122 days
5507 240th Street SWMountlake Terrace, WA 98043	3	1	1,100	$749,000	$680	80 days
24116 52nd Avenue WMountlake Terrace, WA 98043	4	2	2,112	$799,990	$378	32 days
4805 238th Street SWMountlake Terrace, WA 98043	5	3	2,858	$1,250,000	$437	163 days
5408 240th Street SWMountlake Terrace, WA 98043	3	2	1,368	$789,900	$577	72 days

Under contract homes

Pending and contingent sales

Homes under contract 2

Average list price $680,000

Avg. days on market 11 days

Avg. price per ft² $523

Avg. living area 1,308 ft²

Avg. beds / baths 3.5 / 1.5

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$900K$600K$300K$0

Price vs. living area: 2 homes plotted, up to $900K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

Days on market before going under contract

Number of homes by days on market.

2 0–30 days

0 31–90

0 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

1 ≤3 bd

1 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 2 homes in this status.

5117 243rd Street SW$536

4905 SW 239th Street$510

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
4905 SW 239th StreetMountlake Terrace, WA 98043	4	2	1,656	$845,000	$510	8 days
5117 243rd Street SWMountlake Terrace, WA 98043	3	1	960	$515,000	$536	14 days

Sold homes

Closed in the last 12 months

Homes sold 39

Average sold price $638,689

Avg. days to sell 33 days

Sold vs. list price 98.5%

Avg. price per ft² $507 Based on 34 of 39 homes

Avg. living area 1,525 ft² Based on 34 of 39 homes

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

5 homes didn’t report living area and aren’t shown.

$1.5M$1M$500K$0

Price vs. living area: 34 homes plotted, up to $1.5M and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes took to sell

Number of homes by days on market.

25 0–30 days

10 31–90

4 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

29 ≤3 bd

7 4 bd

2 5 bd

1 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

5603 239th Place SW$944

5700 241st Street SW$825

5005 242nd Street SW$674

5702 239th Place SW$646

4900 238th Place SW$622

4908 236th ST SW$605

5410 240th Street SW$587

Sold price vs. list price

How close homes sold to their asking price.

56% sold at or above asking

6 Under 95%

7 95–98%

4 98–100%

16 100–102%

6 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
4601 238th Place SWMountlake Terrace, WA 98043	5	3	2,292	$875,000	100.0%	$381	36 days
24222 54th Avenue W Unit #67Mountlake Terrace, WA 98043	2	1	—	$54,000	93.9%	—	63 days
23912 55th Avenue W Unit #CMountlake Terrace, WA 98043	3	3	1,961	$772,000	100.0%	$393	41 days
5603 240th Street SWMountlake Terrace, WA 98043	3	2	1,256	$656,656	100.0%	$522	4 days
4602 237th Place SWMountlake Terrace, WA 98043	3	1	1,058	$415,000	100.0%	$392	0 days
5009 241st Street SWMountlake Terrace, WA 98043	6	2	2,084	$400,000	100.0%	$191	0 days
5501 240th Street SW Unit #AMountlake Terrace, WA 98043	3	3	1,830	$750,000	96.8%	$409	11 days
5607 240th Street SWMountlake Terrace, WA 98043	3	1	1,134	$655,000	104.8%	$577	5 days
5702 239th Place SWMountlake Terrace, WA 98043	3	2	966	$625,000	100.0%	$646	23 days
24222 54th Avenue W Unit #17Mountlake Terrace, WA 98043	3	2	—	$141,750	94.5%	—	53 days

Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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Call (253) 209-4200

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.