Is Lake Stevens, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Stevens is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Lake Stevens has remained a Seller's Market.

Key Takeaway

Lake Stevens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lake Stevens, WA cost?

Median Sold Price

$635,500

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$112,530(+21.5%)

Key Takeaway

Homes in Lake Stevens have sold for 21.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $241K$310K
+28.6%
2 $370.4K$460K
+24.2%
3 $467.3K$580K
+24.1%
4 $552.4K$708K
+28.1%
5+ $604.9K$839K
+38.7%

Median Sold Price Compared To Nearby Cities

Marysville
+25.8%
Lake Stevens
+21.5%

How many homes are available in Lake Stevens, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
204240+17.6%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 811
+37.5%
3 101117
+15.8%
4 7288
+22.2%
5+ 2223
+4.5%

Number of Homes Sold

Jun 2022Jul 2022%
6952-24.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Stevens, you could pay more than the asking price. 40.4% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
6 Days13 Days+95.3%

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Stevens are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Stevens, WA

Number of homes for sale in Lake Stevens, WA real estate market have reached 240. In July 2022 in Lake Stevens, WA there were 17.6% more homes for sale than in June 2022. While the average time on the market in July 2022 was 13 days, the median list price was $635,500. Listing prices have changed in this real estate market between June 2022 and July 2022: 1 bedroom properties prices increased by 28.6%, 2 bedrooms properties prices increased by 24.2%, 3 bedrooms properties prices increased by 24.1%, 4 bedrooms properties became 28.1% more expensive, prices of 5 bedrooms properties went up by 38.7%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 37.5% more available, 3 bedrooms homes became 15.8% more available, 4 bedrooms homes inventory increased by 22.2%, volume of 5 bedrooms homes went up by 4.5%. In July 2022 more than 21 listings in Lake Stevens, WA were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 13 were sold below.

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