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 February 2023

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.

Housing Prices in Lake Stevens, WA

How much do homes in Lake Stevens, WA cost?

Median Sold Price

$771,736

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$108,191(+16.3%)

Key Takeaway

Homes in Lake Stevens have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Lake Stevens was $771,736 in February 2024, up 16.3% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $400K$487K
+21.8%
2 $442K$512.4K
+15.9%
3 $601K$620K
+3.2%
4 $725K$820K
+13.1%
5+ $870K$889.9K
+2.3%

Summary: Lake Stevens housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Lake Stevens
+16.3%
Marysville
+1.3%

Housing Supply in Lake Stevens, WA

How many homes are available in Lake Stevens, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1391390.0%

Summary: The Lake Stevens real estate market had 139 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 811
+37.5%
3 4649
+6.5%
4 5348
-9.4%
5+ 3130
-3.2%

Summary: The Lake Stevens housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 3.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5243-17.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Stevens, expect to pay close to the asking price. 39.5% of homes here sold near the asking price last month.

Summary: A total of 43 homes were sold or pending in Lake Stevens in February 2024, down by 17.3% month-over-month. Of the 43 sold homes, 23% were sold under asking, 40% were sold at asking, and 37% were sold over asking.

Days on Market for Lake Stevens, WA

How long does it take to sell a home in Lake Stevens, WA?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days34 Days-25.1%

Summary: Homes in Lake Stevens had an average of 34 days on market in Feb 2024, down by 25.1% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During February 2024, 43 homes were sold in Lake Stevens; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in Lake Stevens, WA

Nearby Markets to Lake Stevens, WA

What housing markets are near Lake Stevens, WA?