Selling This Fall: Lynnwood vs Mukilteo vs Edmonds vs Everett, Which Market Favors Sellers?

Short answer: In Redfin's September 2026 data, Edmonds and Everett sellers had the strongest hand of these four cities: homes sold at about 99.9% and 99.7% of list price, and roughly 29.8% and 31.5% sold above list. Lynnwood and Mukilteo were softer, with about 40.2% and 40.0% of homes taking a price drop. Your street and home type matter more than the city average, so use this as a starting point.

The four cities side by side

‍

Source: Redfin city housing-market pages and data, three months ending September 2026 (price, days on market) and September 2026 (sale-to-list, above list, price drops), checked October 29, 2026. Redfin now rates all four "very competitive." Redfin hadn't published October 2026 figures yet when we checked, so these are still September numbers.

What the numbers mean for a seller

• Edmonds: median 15 days on market and the lowest price-drop share of the four (32.2%). Pricing close to the recent sales still tends to work.
• Everett: the fastest market here at 13 days, with single-family homes at a median of 11 days, even though the citywide median price is down 6.5% from a year earlier.
• Lynnwood: single-family homes moved in 17 days, but condos took 54. If you're selling a condo, plan for a longer runway.
• Mukilteo: the median price is up 2.7%, but sale-to-list slipped to 98.4% and 40.0% of homes cut price. An honest first price matters more here.

Excise tax at each city's median price

All four cities charge 0.50% local REET on top of the state's graduated rate. At each city's three-month median sale price, the combined state and local REET works out to about:

• Lynnwood (median $734,650): $12,132 if closing by Dec 31, 2026; $12,085 if closing on or after Jan 1, 2027.
• Mukilteo (median $962,042): $16,179 if closing by Dec 31, 2026; $16,133 if closing on or after Jan 1, 2027.
• Edmonds (median $1,017,344): $17,164 if closing by Dec 31, 2026; $17,117 if closing on or after Jan 1, 2027.
• Everett (median $574,726): $9,285 if closing by Dec 31, 2026; $9,238 if closing on or after Jan 1, 2027.

Washington's real estate excise tax (REET) has a graduated state portion plus a local portion. For sales from Jan 1, 2023 through Dec 31, 2026, the state rate is 1.1% on the part of the price up to $525,000, 1.28% from $525,000 to $1,525,000, 2.75% from $1,525,000 to $3,025,000, and 3.0% above that. For sales beginning Jan 1, 2027, the Department of Revenue has raised those thresholds to $551,000, $1,551,000 and $3,051,000 (same rates). Local REET is 0.50% in Lynnwood, Mukilteo, Edmonds and Everett, per DOR's rate table effective May 1, 2026. DOR says the seller usually pays REET; if it goes unpaid, the buyer is responsible and it can become a lien on the property. DOR also adds a $5.00 state technology fee to each transfer.

FAQ

Where do sellers have the edge in Snohomish County this fall?

Of Lynnwood, Mukilteo, Edmonds and Everett, Redfin's September 2026 data shows Edmonds and Everett with the highest sale-to-list ratios (99.9% and 99.7%) and the most homes selling above list.

How fast are homes selling in Everett?

Redfin shows a median of 13 days on market for all Everett home types over the three months ending September 2026, and 11 days for single-family homes in September.

Are Mukilteo sellers cutting prices?

Redfin shows 40.0% of Mukilteo homes had a price drop in September 2026, and homes sold at about 98.4% of list price.

How much is the excise tax on a median Lynnwood sale?

At Lynnwood's $734,650 three-month median, state plus 0.50% local REET comes to about $12,132 if it closes by Dec 31, 2026, or $12,085 from Jan 1, 2027.

Does the REET change in 2027?

Yes. For sales beginning January 1, 2027, the Department of Revenue raised the state thresholds to $551,000, $1,551,000 and $3,051,000. Rates stay at 1.1%, 1.28%, 2.75% and 3.0%.

Talk it through with a local agent

Peter Kim and Odigo Real Estate Club price homes street by street across Lynnwood, Mukilteo, Edmonds and Everett, with 25+ years combined experience, 593+ closings, and 122 five-star Zillow reviews. See our home selling services, the true cost of selling in Washington, or request a property valuation.

Odigo Real Estate Club · REAL Brokerage, WA #112064 · 16108 Ash Way, Suite 201, Lynnwood, WA 98087 · (425) 409-3823 · Mon–Sat 9 AM–6 PM, closed Sunday

Sources

• Redfin, Lynnwood WA housing market (three months ending Sept 2026, September 2026 figures by property type, and sale-to-list / above-list / price-drop shares), https://www.redfin.com/city/10421/WA/Lynnwood/housing-market , accessed Oct 29, 2026.
• Redfin, Mukilteo WA housing market (three months ending Sept 2026, September 2026 figures by property type, and sale-to-list / above-list / price-drop shares), https://www.redfin.com/city/12197/WA/Mukilteo/housing-market , accessed Oct 29, 2026.
• Redfin, Edmonds WA housing market (three months ending Sept 2026, September 2026 figures by property type, and sale-to-list / above-list / price-drop shares), https://www.redfin.com/city/5357/WA/Edmonds/housing-market , accessed Oct 29, 2026.
• Redfin, Everett WA housing market (three months ending Sept 2026, September 2026 figures by property type, and sale-to-list / above-list / price-drop shares), https://www.redfin.com/city/5832/WA/Everett/housing-market , accessed Oct 29, 2026.
• Washington State Department of Revenue, Real estate excise tax (state graduated rates for 2023–2026 and for sales beginning Jan 1, 2027; who pays; fees), https://dor.wa.gov/taxes-rates/other-taxes/real-estate-excise-tax , accessed Oct 29, 2026.
• Washington State Department of Revenue, Local real estate excise tax rates effective May 1, 2026, https://dor.wa.gov/sites/default/files/2026-03/84-0013-May26_REET.pdf , accessed Oct 29, 2026.

‍