Is Lakewood, 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, Lakewood has remained a Seller's Market.
Housing Prices in Lakewood, WA
How much do homes in Lakewood, WA cost?
Median Sold Price
$493,125
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakewood was $493,125 in March 2024, up 0.7% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259.5K | $219.9K | -15.2% |
2 Bedrooms | $350K | $340K | -2.9% |
3 Bedrooms | $475.5K | $475K | -0.1% |
4 Bedrooms | $600K | $560K | -6.7% |
5+ Bedrooms | $680K | $702.4K | +3.3% |
Summary: Lakewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Lakewood | $489.8K | $493.1K | +0.7% |
Tacoma | $462.2K | $459.5K | -0.6% |
University Place | $642.8K | $635K | -1.2% |
Fort Lewis-DuPont | $538.1K | $514.9K | -4.3% |
Steilacoom | $750K | $695K | -7.3% |
Housing Supply in Lakewood, WA
How many homes are available in Lakewood, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
133 | 138 | +3.8% |
Summary: The Lakewood real estate market had 138 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 29 | 30 | +3.4% |
3 Bedrooms | 54 | 56 | +3.7% |
4 Bedrooms | 36 | 40 | +11.1% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Lakewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 39 | +5.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Lakewood in March 2024, up by 5.4% month-over-month. Of the 39 sold homes, 41% were sold under asking, 26% were sold at asking, and 33% were sold over asking.
Days on Market for Lakewood, WA
How long does it take to sell a home in Lakewood, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 39 Days | -16.1% |
Summary: Homes in Lakewood had an average of 39 days on market in Mar 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in Lakewood; 67% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.