Is Lake Forest Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Lake Forest Park has remained a Seller's Market.
Key Takeaway
Lake Forest Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Lake Forest Park, WA cost?
Median Sold Price
$905,000
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Key Takeaway
Homes in Lake Forest Park have sold for 5.7% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $337.5K | $300K | -11.1% |
| 2 Bedrooms | $443K | $419.7K | -5.2% |
| 3 Bedrooms | $877.5K | $890K | +1.4% |
| 4 Bedrooms | $1.0M | $1.0M | +0.9% |
| 5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Median Sold Price Compared To Nearby Cities
| Shoreline | $783.9K | $785K | 0.1% |
| Brier | $950K | $925K | -2.6% |
| Kenmore | $999.3K | $948K | -5.1% |
| Lake Forest Park | $960K | $905K | -5.7% |
| Mountlake Terrace | $709.3K | $625K | -11.9% |
How many homes are available in Lake Forest Park, WA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 23 | 33 | +43.5% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Forest Park, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
How long does it take to sell a home in Lake Forest Park, WA?
How long does it take to sell a home in Lake Forest Park, WA?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 6 Days | 7 Days | +11.0% |
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Forest Park are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.