ZIP 98275 Housing Market & Real Estate Update (Mukilteo, WA) — February 22, 2026
98275 – February 22, 2026 – Mukilteo, WA daily snapshot: Redfin Jan median sold $785K (-14% YoY), homes selling in ~43 days, inventory ~40–42.
Top takeaways
- Prices look softer YoY: Redfin’s January 2026 median sale price for ZIP 98275 was $785K (down 14% YoY).
- Homes are taking longer to move: Redfin shows about 43 median days on market in January (up from last year).
- Inventory is still tight: Zillow’s Jan. 31 snapshot shows 42 homes for sale and 10 new listings.
- Rates eased a bit: Freddie Mac’s 30-year fixed average was 6.01% as of Feb. 19, 2026.
Market snapshot: ZIP 98275 (Mukilteo, WA; Snohomish County)
The latest ZIP-level indicators point to a cooler pace versus last winter. Redfin describes 98275 as very competitive, but with a lower median sale price than a year ago and longer time on market, buyers may have a bit more negotiating room (especially if a home needs updates or has a tricky layout).
On the valuation side, Zillow’s dashboard places the typical 98275 home value around $902,379 (data through Jan. 31, 2026). Zillow also reports 42 active listings at month-end, which helps explain why well-priced homes can still move even in a softer pricing trend.
Mortgage-rate check (national benchmark)
Freddie Mac’s weekly survey put the average 30-year fixed rate at 6.01% for the week ending Feb. 19, 2026, down from the week prior. In a higher-priced ZIP like 98275, a small rate shift can change monthly payments noticeably, so it’s worth re-running numbers before making an offer or setting a list price.
What’s for sale nearby (no addresses)
Today’s portal searches show a mix of single-family homes, some condos, and several land listings. On Zillow’s 98275 results, active vacant-lot offerings include roughly 0.4–0.8 acre parcels priced from the low-$300Ks up to around $700K. If you’re considering a build, confirm utilities, access, and any critical-area or shoreline constraints early in the process.
Seller/owner watchlist
With days on market rising, the margin for overpricing shrinks. If you plan to list in the next 30–60 days, focus on clean presentation, realistic comps, and pre-list fixes that commonly trigger credits (roofing, electrical, drainage, and moisture in crawlspaces/basements).
ServiceXTC local pro corner
We weren’t able to verify ServiceXTC directory provider pages specifically tagged to ZIP 98275 today. If you’re a local inspector, roofer, remodeler, electrician, plumber, or HVAC tech and want to appear in future updates, consider adding your listing.
Sources (URLs listed in the post Sources section)
- Zillow: 98275 home values and inventory snapshot
- Redfin: 98275 housing market trends
- Zillow: current 98275 for-sale search results
- Realtor.com: Snohomish County market and rent context
- Freddie Mac: PMMS weekly mortgage rates
What are you seeing right now in 98275: more price cuts, fewer offers, or buyers moving fast on the best listings?