Is Lakebay, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lakebay has remained a Seller's Market.
Housing Prices in Lakebay, WA
How much do homes in Lakebay, WA cost?
Median Sold Price
$412,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lakebay was $412,500 in June 2024, up 0.9% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $269.5K | -10.2% |
2 Bedrooms | $342.5K | $385K | +12.4% |
3 Bedrooms | $407K | $418K | +2.7% |
4 Bedrooms | $653.3K | $677.5K | +3.7% |
5+ Bedrooms | $697.4K | - | N/A |
Summary: Lakebay housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lakebay | $409K | $412.5K | +0.9% |
Key Peninsula-Anderson Island | $470K | $468.3K | -0.4% |
Housing Supply in Lakebay, WA
How many homes are available in Lakebay, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The Lakebay real estate market had 39 homes for sale in June 2024, a 2.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lakebay housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lakebay in June 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Lakebay, WA
How long does it take to sell a home in Lakebay, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
54 Days | 31 Days | -42.8% |
Summary: Homes in Lakebay had an average of 31 days on market in Jun 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Lakebay; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.