EVERETT — As home mortgage interest rates are matching their two previous highs this century, home buyers in Everett are going after houses on the lower-end of the listing price, according to new contract data obtained by an Everett broker who tracks the market month-to-month.
The city’s most active residential real-estate segment is homes priced below $600,000, according to Coldwell Banker Danforth’s Brandice Raybourn.
Houses under $600,000 had 20 closings and 20 new pending offers, the most closings of any resale range, Raybourn found. The homes that sold had a 14-day median market time and received 95.7% of original asking. “Buyers are active here, but that does not mean every starting price worked. If you’re thinking about selling, the audience is encouraging,” Raybourn says.
For houses in that segment, the likelihood of the final sale going for the original asking price fell 3.4% compared to September’s data. However, the median price for homes in that segment bumped up 6.4% in October compared to September, so median prices for those lower bracket homes are rising slightly.
Original asking received
Sep 2026 · M/M: 99.1% · -3.4 percentage points
Oct 2025 · Y/Y: 96.5% · -0.8 percentage points
Median sale price
Sep 2026 · M/M: $510,000 · +6.4%
Oct 2025 · Y/Y: $500,000 · +8.5%
With residential mortgage loan rates currently matching their previous high in October 2023, buyers are negotiating hard to bring down their final costs to keep the monthly payment manageable. Aside from the 2022–2024/2026 surge driven by post-pandemic inflation and Federal Reserve tightening, 30-year fixed mortgage rates had not sustained levels above 7% since 2001-2002. Before the historic ultra-low rates of the 2010s and the 2.65% low in January 2021, 7%+ was common in the 1990s and 1980s, peaking at over 18% in 1981.
Houses between $600,000 – $750,000 tied the under $600,000 category for the most new resale contracts, with 20 pendings, and 13 closings. The sold homes moved in seven days at the median but received 97.2% of original asking with 59 homes for sale. Rayborn says, “Fast (sale time) did not mean no negotiating,” as sale prices dipped below listing price. Rayborn warns, “I would not assume a quick sale for every listing. Buyers have options.”
The $600,000 – $750,000 window for Everett homes also saw slight drops month-to-month and year-to-year, indicating a break in affordability for buyers who are willing to tread the higher interest mortgage rates.
Original asking received
Sep 2026 · M/M: 97.9% · -0.7 percentage points
Oct 2025 · Y/Y: 99.6% · -2.4 percentage points
Median sale price
Sep 2026 · M/M: $680,000 · -1.5%
Oct 2025 · Y/Y: $682,500 · -1.8%
Bumping up to houses $750,000 – $950,000, nine homes closed and 11 went pending. The sold homes had a 21-day median market time and full original asking at the median. “That is a stronger asking-price result than the lower bands, but it does not mean every higher-priced home is easier to sell,” Rayborn extrapolated from the NWMLS contract data. There were 41 homes for sale in this segment for October.
Original asking received
Sep 2026 · M/M: 100.0% · +0.0 percentage points
Oct 2025 · Y/Y: 97.8% · +2.2 percentage points
Median sale price
Sep 2026 · M/M: $789,975 · +1.1%
Oct 2025 · Y/Y: $815,000 · -2.0%
For houses $950,000 – $1,150,000 only two homes closed, with a two-day median market time and full original asking at the median among 20 homes for sale with three new pendings for October. One home closed at $1.2 million, after 13 days on market and at 98% of original asking. Three homes went pending and 13 were for sale in this high-end category for October in Everett.
Rayborn analyzes, “There are still plenty of buyers out there. October’s 127 new pending sales tell us that, and 107 homes closed. But there are also plenty of homes competing for their attention: the NWMLS monthly figures show 523 homes for sale in Everett. If you’re thinking about selling, what will make yours the one they choose?”
Condos had 21 new contracts and 22 closings. Townhomes had fewer, with seven pendings and eight closings, and a longer median market time. New construction had 17 pendings but just two closings. I would look at those differences before deciding what this market means for your next move.
For October’s home real-estate data, Rayborn says, “There is opportunity for buyers to compare, and there are buyers for sellers to reach. If you’re thinking about listing, the question is what makes your home a better choice than the alternatives at a similar payment.”