What can a budget of approximately $1.1 million buy in Norway Hill, Canyon Park, and Thrashers Corner in today’s Bothell real estate market?

Around $1.1 million remains an important price point in Bothell, but what you receive for that budget can look very different from one neighborhood to another. Recent sales show variations in home age, square footage, lot size, and housing style, making the property itself, not simply the Bothell address, increasingly important.

If you have been watching Bothell homes for sale, there is a significant shift worth paying attention to.

The market has softened from last year’s levels.

According to an NWMLS-based Bothell residential market report, the September 2026 median sales price was $1,042,500, down 10.1% year over year. The same report showed 402 homes for sale at month-end, up 90.5% from a year earlier, with a median 32 days on market.

Zillow provides another useful perspective. Its latest data through August 2026 puts the typical 98021 home value at $1,078,809, down 4.8% over the previous year. Zillow reported a $1,119,300 median sale price for the ZIP in July and a median 23 days to pending in August.

These sources measure the market differently, so their numbers should not be treated as interchangeable. But they point in the same general direction: buyers are shopping in a Bothell market with softer pricing and more inventory than a year ago.

That makes the roughly $1.1 million price point particularly interesting.

Rather than asking, “Can I buy in Bothell for $1.1 million?” a more useful question may be:

What kind of Bothell property does $1.1 million buy, and where?

Here is how that budget translates across three distinct pockets: Norway Hill, Canyon Park, and Thrashers Corner.

First, What Is Happening in the Bothell Housing Market?

Before comparing individual properties, it helps to understand why $1.1 million looks different today.

The September NWMLS residential figures reported by Matthew Konsmo show Bothell at a median sales price of $1,042,500, compared with approximately $1.16 million a year earlier based on the reported 10.1% year-over-year decline. Median price per square foot was $462, down 6.1% year over year.

Inventory has also expanded significantly.

The same NWMLS-based report counted 402 homes for sale at the end of September, a 90.5% year-over-year increase. Sellers received a median 95.1% of original asking price, while median market time reached 32 days.

Other datasets reinforce the broader cooling trend, although the exact figures vary because of geography, property type, and methodology. Redfin calculated a Bothell median sale price of $1,033,816 for the three months ending August 2026, down 8.9% year over year.

Meanwhile, the September RexMont market report placed Bothell’s median listing price at about $1 million, or roughly $470 per square foot, with listings averaging 46 days on market. Note that listing-price statistics and closed-sale statistics answer different questions and should not be directly compared as though they are the same metric.

What does that mean if your budget is around $1.1 million?

It means you are no longer looking at an abstract luxury threshold.

You are shopping near an important part of Bothell’s current market.

But two homes that sell for almost the same amount can offer dramatically different combinations of:

Interior square footage
Lot size
Number of bedrooms
Renovation level
Year built
Architectural style
Attached versus detached housing
Outdoor space
Garage and storage
HOA structure
Location within the broader Bothell market

That is why neighborhood-level comparisons matter.

Norway Hill: $1.1 Million Often Means an Established Home and a Different Lot-to-House Tradeoff

Norway Hill provides an excellent example of why you cannot evaluate Bothell real estate on price alone.

A recent Norway Hill sale at 9506 Valhalla Way closed for $1,175,000 on March 20, 2026. The property offered three bedrooms, two bathrooms, 2,020 square feet and a 1962 construction date.

Another Norway Hill property, 15107 110th Place NE, sold for $870,000 on July 1, 2026. It offered four bedrooms, two bathrooms and 1,840 square feet on a 7,644-square-foot lot and was built in 1976. The listing data identified it as a single-family property with no HOA.

Those two transactions illustrate the range buyers can encounter even within one neighborhood.

At approximately $1.1 million, Norway Hill buyers may be comparing established houses where the value proposition depends heavily on the specific lot, condition, improvements, layout, and exact location.

A useful Norway Hill reference point

Consider the March sale:

9506 Valhalla Way

Sold: $1,175,000
Bedrooms: 3
Bathrooms: 2
Interior: 2,020 sq. ft.
Year built: 1962
Sold: March 20, 2026

This is slightly above our hypothetical $1.1 million budget, but close enough to illustrate the trade-offs a buyer might encounter around this range.

A buyer focused exclusively on maximum interior square footage might look at that number and wonder whether another part of Bothell provides more house for the money.

But that is only part of the analysis.

With established homes, you also need to examine renovations, systems, roof, windows, floor plan, garage configuration, site characteristics, and potential future projects.

The lesson for Norway Hill: around $1.1 million, the purchase decision can be heavily property-specific. Two houses with similar prices may require very different renovation budgets or offer very different land-to-house combinations.

Canyon Park: $1.1 Million Can Stretch Toward More Interior Square Footage

Now compare Norway Hill with Canyon Park.

A particularly useful 2026 sale is 21723 3rd Avenue SE.

The property closed for exactly $1,100,000 on April 2, 2026. It was a detached single-family home with five bedrooms and 2,920 square feet. Public listing data describes the lot as approximately 0.28 acres.

That makes this transaction almost tailor-made for our comparison.

Canyon Park $1.1 million reference point

21723 3rd Avenue SE

Sold: $1,100,000
Bedrooms: 5
Bathrooms: 3
Interior: 2,920 sq. ft.
Lot: approximately 0.28 acres
Sold: April 2, 2026

For buyers prioritizing usable interior space, that is a meaningful data point.

Compare 2,920 square feet at $1.1 million with the 2,020-square-foot Norway Hill example that sold for $1.175 million. Those transactions do not prove that Canyon Park universally provides more square footage per dollar; two individual homes cannot establish a neighborhood-wide rule, but they show exactly why buyers should compare actual properties instead of assuming $1.1 million buys the same product everywhere.

Another Canyon Park-area sale reinforces the range of possibilities. Public sold-home data shows 1928 237th Street SE selling for $1.15 million on May 19, 2026. That property offered four bedrooms, 2.5 bathrooms, 1,948 square feet, and a 1988 construction date.

Same general market. Similar budget. Very different house.

That is the central theme of today’s Bothell market.

Thrashers Corner: Around $1.1 Million Can Put Newer Construction Into the Conversation

Thrashers Corner creates another interesting comparison because the area includes a mix of housing ages and development patterns.

A strong reference transaction is 20229 29th Avenue SE, which sold for $1,090,000 in June 2026. The property had four bedrooms, 2.5 bathrooms, and approximately 2,475 square feet. It was built in 1996.

That is almost exactly our $1.1 million target.

Thrashers Corner $1.1 million reference point

20229 29th Avenue SE

Sold: $1,090,000
Bedrooms: 4
Bathrooms: 2.5
Interior: 2,475 sq. ft.
Year built: 1996
Sold: June 2026

But Thrashers Corner also demonstrates what happens when you move slightly above $1.1 million.

19414 9th Avenue SE sold for $1,175,000 on September 11, 2026. That property offered four bedrooms, 2.5 bathrooms, 2,564 square feet, a 9,583-square-foot lot, and a 2022 construction date.

That newer construction date changes the comparison.

A buyer willing to move approximately $75,000 above a $1.1 million target was recently able to purchase a 2022-built detached home with more than 2,500 square feet and a lot approaching 10,000 square feet.

Again, that does not mean every Thrashers Corner home around $1.175 million will have those characteristics.

It tells you what has actually traded recently, and gives you a benchmark against which to evaluate new listings.

Norway Hill vs. Canyon Park vs. Thrashers Corner at About $1.1 Million

Putting representative 2026 sales side by side makes the tradeoffs easier to see.

Sources: recent public listing and NWMLS-distributed sale records.

This is not an appraisal or a neighborhood-wide valuation model. These are individual transactions selected because they illustrate what buyers have recently encountered around the target price.

Still, the comparison is useful.

At roughly the same budget, recent buyers have purchased everything from a 1960s Norway Hill home around 2,000 square feet to a nearly 3,000-square-foot Canyon Park property, a roughly 2,500-square-foot 1990s Thrashers Corner home, and, slightly above budget, a 2022 Thrashers Corner property.

That is a substantial difference in the physical product.

The Real Question Isn’t Just “How Much House Can I Get?”

When I work with buyers comparing Bothell homes for sale, I encourage them to separate the purchase price from the property characteristics they value most.

Suppose you have approximately $1.1 million available.

One buyer might prioritize:

More finished square footage.

Another may prefer:

A larger or more usable lot.

Someone else might put more value on:

Newer construction and fewer immediate projects.

And another buyer might specifically want:

An established home they can renovate over time.

None of those objectives can be answered by Bothell’s median price.

They require property-level analysis.

Why Year Built Matters at the $1.1 Million Level

Look again at the representative transactions.

The Norway Hill example was built in 1962.

The Thrashers Corner example at $1.09 million was built in 1996.

The $1.175 million Thrashers Corner sale was built in 2022.

A newer home is not automatically a better purchase, and an older home is not automatically a better value.

They simply create different due-diligence questions.

For an established property, you may need to examine the age and condition of major components such as roofing, plumbing, electrical systems, heating equipment, windows, and drainage.

For newer construction, you may instead spend more time analyzing builder specifications, warranties, HOA obligations, lot configuration, finish quality, and future development around the property.

Your total cost of ownership can therefore matter as much as the purchase price.

A $1.05 million house requiring significant near-term improvements may have a very different financial profile from a $1.15 million property requiring comparatively little immediate work.

Lot Size Can Be Just as Important as Square Footage

Online searches naturally emphasize bedroom count and interior square footage.

But lot characteristics can materially change how a home functions.

For example, the September Thrashers Corner sale at 19414 9th Avenue SE combined 2,564 square feet of interior space with a 9,583-square-foot lot.

The Canyon Park reference sale at 21723 3rd Avenue SE had approximately 2,920 square feet inside and public listing data describing a roughly 0.28-acre site.

Those numbers deserve attention, but raw lot size is only the beginning.

A buyer should also examine:

Lot shape and usable area
Slope
Drainage
Setbacks
Easements
Existing improvements
Landscaping requirements
Parking configuration
Outdoor living areas
Future maintenance

A 10,000-square-foot parcel is not automatically more useful than a smaller parcel.

The site itself needs to be evaluated.

Why $1.1 Million Buyers Have More Reason to Compare Carefully in 2026

Expanded inventory changes the buying process.

September NWMLS reporting showed Bothell residential inventory substantially above the previous year and a median 32 days on market. Sellers were receiving about 95.1% of their original asking prices.

That does not mean every seller will negotiate or that every property will linger.

Individual homes can behave very differently from market averages.

But a market with more available inventory gives buyers more reason to compare competing properties instead of evaluating each listing in isolation.

If two Bothell houses are both listed near $1.1 million, ask:

What exactly accounts for the difference between them?

One may offer 400 additional square feet.

Another may be 25 years newer.

Another may offer a larger parcel.

Another may have extensive renovations already completed.

Another may need substantial capital improvements.

The asking price is only the first data point.

How I Help Buyers Compare Bothell Properties

Marie-Noelle Metseye: Turning Bothell Market Data Into a Property-Level Strategy

Online market reports are useful for understanding direction.

They cannot tell you whether the specific house you are considering is positioned correctly.

That requires a more detailed comparison.

As a Luxury Realtor working with buyers evaluating Bothell and the surrounding market, I look beyond the headline median and analyze the characteristics that actually influence comparable value.

That means examining recent closed sales and then adjusting the comparison based on factors such as square footage, lot characteristics, age, condition, renovations, floor plan, property type, market timing and exact location.

For a buyer around the $1.1 million level, this becomes particularly valuable because, as the examples above demonstrate, the physical properties available around the same price can differ substantially.

My goal is not simply to send you listings that fit a price filter.

It is to help you understand what you are receiving for the price.

When we identify a property you are seriously considering, we can compare it against recent relevant sales, competing active inventory and the property’s individual features.

That gives you a stronger foundation for deciding what the home is worth to you and how you want to approach an offer.

Bothell’s 2026 market makes that kind of analysis increasingly important.

Frequently Asked Questions About Buying a $1.1 Million Home in Bothell

Is $1.1 million enough to buy a detached home in Bothell?

Recent 2026 sales show that it can be. Canyon Park’s 21723 3rd Avenue SE sold for exactly $1.1 million, while the Thrashers Corner example at 20229 29th Avenue SE sold for $1.09 million. Inventory and pricing change continuously, so current listings should be checked when you are ready to buy.

What is the current median home price in Bothell?

For September 2026, an NWMLS/InfoSparks report puts Bothell’s residential median sales price at $1,042,500, down 10.1% from September 2025. Different sources may report different medians depending on geographic boundaries, time periods, and property types.

Are Bothell home values falling?

Several current datasets show year-over-year declines, though the magnitude varies. Zillow reports the typical 98021 home value at $1,078,809, down 4.8% year over year through August 2026. NWMLS-based September residential reporting shows Bothell’s monthly median sales price down 10.1% year over year. These are different measurements, so they should be interpreted separately.

What does $1.1 million buy in Canyon Park?

One highly relevant 2026 example is 21723 3rd Avenue SE, which sold for $1.1 million with five bedrooms and 2,920 square feet on approximately 0.28 acres. Other Canyon Park properties at similar prices can differ substantially in age, size, and condition.

What does approximately $1.1 million buy in Thrashers Corner?

A 2026 example at 20229 29th Avenue SE sold for $1.09 million and offered four bedrooms, 2.5 bathrooms and approximately 2,475 square feet. A newer 2022-built property at 19414 9th Avenue SE sold for $1.175 million in September with 2,564 square feet and a 9,583-square-foot lot.

What should I compare besides purchase price?

Compare interior square footage, lot characteristics, year built, renovations, major systems, layout, garage and storage, HOA obligations, property condition and relevant recent comparable sales. For older homes in particular, near-term capital improvements can materially affect the true cost of ownership.

Should I use the Bothell median price to decide what to offer?

The median is useful for understanding overall market direction, but it does not establish the market value of an individual property. A property-specific comparable market analysis using recent, relevant sales provides a much more useful starting point.

Final Takeaway: At $1.1 Million, Buy the Property, not the Headline

Bothell’s market has changed.

The September 2026 residential median is lower than a year ago, inventory has expanded, and buyers around the $1.1 million range can encounter substantially different properties depending on where and what they buy.

In Norway Hill, recent transactions demonstrate the importance of evaluating established homes individually, particularly when age, condition, and lot characteristics differ.

In Canyon Park, an April sale demonstrates that $1.1 million has recently purchased nearly 3,000 square feet in a detached five-bedroom home.

In Thrashers Corner, recent transactions around this range show options ranging from a 1990s home around 2,500 square feet to newer construction slightly above the $1.1 million mark.

The takeaway is not that one neighborhood is “better.”

It is that $1.1 million buys different combinations of house, land, age, and condition across Bothell.

That is exactly why a neighborhood-by-neighborhood, property-by-property comparison is more useful than relying on a citywide median alone.

Want a New Bothell Neighborhood Breakdown Every Month?

Subscribe or follow for a new Bothell neighborhood breakdown every month.

If you are actively shopping for a home around $1.1 million, or you want to compare two or three Bothell properties before making an offer, I can also prepare a current property-level comparison using relevant recent sales and active competition.

Contact Marie-Noelle Metseye, Luxury Realtor

📞 425-439-9299

📧 [email protected]

🌐 mnmluxury.com

Sources & Further Reading

Market data and property information change frequently. The figures and transactions referenced in this article were researched in October 2026 and reflect the dates specified by each source.

Bothell residential market data — NWMLS via InfoSparks: September 2026 median sales price of $1,042,500, inventory, days on market, and year-over-year trends. Bothell Residential Market Pulse

Zillow 98021 Housing Market: ZHVI, year-over-year home-value change, inventory, and sale-price data through August 2026. Zillow 98021 Housing Market Data

Popach & Co. Bothell Market Update: September 2026 discussion of Bothell market conditions and NWMLS-derived figures. Popach & Co. Bothell Housing Market Update

RexMont Real Estate: September 2026 Bothell listing-price and market-time statistics. RexMont North Bothell Market Report

Norway Hill recent sales: Public sold-property records, including 9506 Valhalla Way. Norway Hill Recently Sold Homes

Canyon Park reference sale: 21723 3rd Avenue SE, sold April 2, 2026 for $1.1 million. 21723 3rd Avenue SE Sale Record

Thrashers Corner market and recent sales: NWMLS-distributed property records and recent neighborhood transactions. Thrashers Corner Recent Sales

Data note: Public IDX and third-party real estate sources may differ in neighborhood boundaries, property classifications, and update timing. Individual property information should be independently verified against current NWMLS records before making a real estate decision.

Article updated October 2026. Property examples are historical transactions used for market education and comparison; they are not representations of current availability.

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Norway Hill vs Canyon Park vs Thrashers Corner: What $1.1M Buys in Bothell