Is Lacey, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lacey has remained a Seller's Market.
Housing Prices in Lacey, WA
How much do homes in Lacey, WA cost?
Median Sold Price
$481,030
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lacey was $481,030 in March 2024, down 0.9% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $452.2K | N/A |
2 Bedrooms | $442K | $406K | -8.1% |
3 Bedrooms | $458K | $457.7K | -0.1% |
4 Bedrooms | $526.2K | $539.9K | +2.6% |
5+ Bedrooms | $620K | $616.7K | -0.5% |
Summary: Lacey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
Olympia | $503K | $545.3K | +8.4% |
Olympia East | $469.9K | $490.3K | +4.3% |
Thurston South | $451.7K | $459.7K | +1.8% |
Lacey | $485.1K | $481K | -0.9% |
Housing Supply in Lacey, WA
How many homes are available in Lacey, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
183 | 191 | +4.4% |
Summary: The Lacey real estate market had 191 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 30 | 0.0% |
3 Bedrooms | 86 | 99 | +15.1% |
4 Bedrooms | 59 | 54 | -8.5% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Lacey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 60 | -3.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Lacey in March 2024, down by 3.2% month-over-month. Of the 60 sold homes, 32% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for Lacey, WA
How long does it take to sell a home in Lacey, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 22 Days | -33.3% |
Summary: Homes in Lacey had an average of 22 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Lacey; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.