Everett’s housing market is experiencing notable shifts, presenting both challenges and opportunities for residents and prospective buyers.
Current Market Trends
As of March 2026, the median sale price for homes in Everett was $560,000, reflecting a 12.5% decrease from the previous year. Homes are selling in approximately 12 days, indicating a competitive market. The number of homes sold in March was 71, down from 105 the previous year, suggesting a tightening inventory. Source
Rental Landscape
The average rent in Everett stands at $1,885, slightly below the national average of $1,910. This represents a modest year-over-year decrease of 0.5%, offering some relief to renters. Source
Upcoming Developments
Several projects are underway to address housing needs:
- Ben Young Senior Housing: Slated to begin construction in early 2027, this four-story building will offer 91 units for seniors aged 62 and above, with income restrictions for those earning less than 60% of the area median income. Source
- Kōz on Wetmore: A 169-unit mixed-income development in downtown Everett, set to be completed by early spring 2027. Over half of the units will be affordable, catering to individuals earning 60-80% of the area median income. Source
- Waterfront Place Apartments: Completed in May 2022, this development offers 266 units ranging from studios to three-bedroom apartments, contributing to the city’s housing diversity. Source
These developments aim to provide a range of housing options to meet the diverse needs of Everett’s residents.
Conclusion
Everett’s housing market is in flux, with decreasing home prices and stable rental rates. Upcoming developments signal a proactive approach to addressing housing demands, offering hope for a more balanced market in the near future.