Is Lakewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$495,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lakewood was $495,000 in February 2024, down 0.9% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $220K | -15.4% |
2 Bedrooms | $355.7K | $340K | -4.4% |
3 Bedrooms | $476K | $468K | -1.7% |
4 Bedrooms | $605K | $560K | -7.4% |
5+ Bedrooms | $680K | $695K | +2.2% |
Summary: Lakewood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
Lakewood | $499.3K | $495K | -0.9% |
Tacoma | $464.6K | $459.4K | -1.1% |
University Place | $643.3K | $629.7K | -2.1% |
Steilacoom | $730K | $702.5K | -3.8% |
Fort Lewis-DuPont | $540.5K | $519.9K | -3.8% |
Housing Supply in Lakewood, WA
How many homes are available in Lakewood, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
122 | 128 | +4.9% |
Summary: The Lakewood real estate market had 128 homes for sale in February 2024, a 4.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 19 | 25 | +31.6% |
3 Bedrooms | 54 | 53 | -1.9% |
4 Bedrooms | 31 | 36 | +16.1% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Lakewood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Lakewood in February 2024, up by 3.3% month-over-month. Of the 31 sold homes, 29% were sold under asking, 32% were sold at asking, and 39% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 49 Days | -2.9% |
Summary: Homes in Lakewood had an average of 49 days on market in Feb 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 31 homes were sold in Lakewood; 32% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.