Mountlake Terrace, WA Homes for Sale

Mountlake Terrace sits on the King-Snohomish county line just north of Shoreline, a compact city with Lake Ballinger, quick I-5 access and its own light rail station. Browse every Mountlake Terrace home, condo and townhome on the NWMLS below, updated as new listings hit the market. I'm Matt Stark, a Sales Team Lead with Windermere Real Estate Northeast in Kirkland, and I've been helping buyers and sellers across the Seattle area since 2013.

Mountlake Terrace Homes Condos & Townhomes Recently Sold

Mountlake Terrace Real Estate Market Snapshot

Updated October 14, 2026, from active NWMLS listings with a Mountlake Terrace address. Figures change daily and are rounded.

About 20single-family homes for sale, averaging about $770,000 (roughly $495 per sq ft)

About 25condos and townhomes for sale, averaging about $370,000 (roughly $390 per sq ft)

12homes, condos and townhomes pending sale

About 45homes, condos and townhomes sold in the last three months

Single-family asking prices currently run from about $585,000 to $1.2 million; condos and townhomes from about $225,000 to $600,000. For a full monthly breakdown, see the Mountlake Terrace Market Report.

Living in Mountlake Terrace

Lake Ballinger

The 100-acre Lake Ballinger lies in the city's southwest corner. In 2013 the city converted its former golf course into the 42-acre Ballinger Park on the north end of the lake, with a boat launch, fishing pier, swimming areas and sports fields. The Interurban Trail runs alongside the park.

Schools

Mountlake Terrace is in the Edmonds School District, which runs five schools in the city, including Mountlake Terrace High School. Always confirm a specific address with the district's school locator.

Getting around

I-5 runs through the city with several interchanges, and Mountlake Terrace station is on Link light rail, which was extended north through the city to Lynnwood in August 2024.

A little history

Developers founded Mountlake Terrace in 1949 on a former World War II landing field, building low-cost homes for returning veterans. The city incorporated on November 29, 1954. Today Mountlake Terrace is home to about 24,750 people (Washington OFM, April 1, 2026 estimate).

Buying or Selling in Mountlake Terrace?

I can set up instant alerts for new Mountlake Terrace listings that fit your search, or prepare a pricing analysis for your home based on recent Mountlake Terrace sales. Call or text me at (206) 607-2575.

Mountlake Terrace Real Estate FAQ

How many homes are for sale in Mountlake Terrace right now?

As of October 14, 2026, about 20 single-family homes and about 25 condos and townhomes with a Mountlake Terrace address were listed for sale on the NWMLS. The listings on this page update automatically.

What is the average asking price for a home in Mountlake Terrace?

As of October 14, 2026, active single-family listings in Mountlake Terrace averaged about $770,000, roughly $495 per square foot. Condos and townhomes averaged about $370,000.

What school district serves Mountlake Terrace?

Mountlake Terrace is in the Edmonds School District, which includes Mountlake Terrace High School. Confirm any address with the district's school locator.

Who can help me buy or sell a home in Mountlake Terrace?

Matt Stark is a Sales Team Lead with Windermere Real Estate Northeast in Kirkland and has worked in Seattle-area real estate since 2013. Reach Matt at (206) 607-2575 or matt@mattstarkrealestate.com.

Sources: Washington OFM, Wikipedia: Mountlake Terrace, Edmonds School District. Market figures from NWMLS listing data on this site. Information deemed reliable but not guaranteed.

Newest Mountlake Terrace Listings

$515,000

3 Beds ⋅ 1 Baths ⋅ 2595734 MLS ⋅ ACTIVE Status

Discover the incredible potential of this 3-bedroom, 1-bath home in Mountlake Terrace! Offering an excellent opportunity to remodel, customize, and create an amazing home, this property is the perfect canvas for your vision. Major improvements have already been completed, including a new roof, new plumbing, and an updated sewer line, providing a great starting point for renovations. The property also features a detached garage, covered carport, and ample parking for up to six vehicles, offering exceptional flexibility for additional vehicles, storage, or hobbies. Whether you're an investor looking for your next project or a buyer ready to make a home your own, this property offers endless possibilities in a convenient Mountlake Terrace location. Bring your vision and unlock its full potential!

5117 243rd Street SW, Mountlake Terrace

Listing Broker: COMPASS; Micah J Koelmeyer; 425-588-9087; Micah@popachgroup.com

24222 54th Avenue W Unit #65, Mountlake Terrace

$99,900

2 Beds ⋅ 2 Baths ⋅ 2598026 MLS ⋅ ACTIVE Status

Come check out this well maintained double wide in Young's manufactured Home Park for 55+ residents! This 1200 sqft home features 2 beds and 1.75 baths with newer cabinets with all granite counters in both bathrooms and kitchen. Additional features include double pane windows, ramped entry access, plenty of storage throughout. Large detached shed with lights and electricity. Dogs/cats under 30 lbs are okay. Quiet park. Welcome home!

24222 54th Avenue W Unit #65, Mountlake Terrace

Listing Broker: Northwest HomePros LLC; Jake Lemke; 206-817-4623; jake@nwhomeoffer.com

21429 44th Avenue W Unit #1, Mountlake Terrace

$59,000

2 Beds ⋅ 2 Baths ⋅ 2596962 MLS ⋅ ACTIVE Status

Embrace comfortable living in this welcoming mobile home situated in the lively 55+ community of Mt View Villa. Boasting two bedrooms and two bathrooms, this residence offers a practical and affordable option for those seeking ease in their golden years. The open-concept design creates a spacious feel, allowing lots of natural light to illuminate the living spaces. The home provides a private and low-maintenance yard, perfect for enjoying the outdoors. Relish the convenience of Lynnwood's nearby restaurants and shopping destinations. Simplify your lifestyle and enjoy the charm of mobile living in Mt View Villa.

21429 44th Avenue W Unit #1, Mountlake Terrace

Listing Broker: Agency One NS; Leah Schulz; 206-523-1288; info@agencyonens.com

$749,000

3 Beds ⋅ 1 Baths ⋅ 2596774 MLS ⋅ ACTIVE Status

Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb the tenant or walk the property without prior permission.

5507 240th Street SW, Mountlake Terrace

Listing Broker: John L. Scott, Inc.; Kimberly Shaeffer; 206-475-6500; kimberlyshaeffer@johnlscott.com

21904 56th Avenue W Unit #B2, Mountlake Terrace

$425,000

3 Beds ⋅ 3 Baths ⋅ 2595820 MLS ⋅ ACTIVE Status

Welcome to this convenient, spacious, and efficient townhome community in Mountlake Terrace that is hard to beat! Just 2 blocks off I-5 with none of the noise, this 3bedroom, 2.5bath townhome comes with fresh updates and two parking spaces. Honey-colored LVP, stainless steel appliances, quartz countertops, brass trim, and a wood burning fireplace make for a luxurious living space downstairs. Upstairs you will find an ever-rare 3bedrooms with full bath in the primary and full bath off the hallway with updated vanities and tile floors. A fiberoptic panel makes this home perfect for WFH or all the online streaming you can dream of. Walk to playfields and an off leash dog park nearby, and take a 5min drive to the Mountlake Terrace Lightrail Station. This home is perfect for convenience, and an ideal way to get into residential neighborhoods at entry-level pricing. Come and get it!

21904 56th Avenue W Unit #B2, Mountlake Terrace

Listing Broker: Every Door Real Estate; Abigail Echols; 404-660-7950; abigaile@everydoorrealestate.com

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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.
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