Is Lacey, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lacey has remained a Seller's Market.
Housing Prices in Lacey, WA
How much do homes in Lacey, WA cost?
Median Sold Price
$488,497
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lacey was $488,497 in April 2024, up 1.7% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $452.2K | N/A |
2 Bedrooms | $448K | $410K | -8.5% |
3 Bedrooms | $452.9K | $460K | +1.6% |
4 Bedrooms | $523.7K | $541.3K | +3.4% |
5+ Bedrooms | $594.9K | $616.7K | +3.7% |
Summary: Lacey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Olympia | $506.8K | $545.7K | +7.7% |
Olympia East | $465.5K | $489.9K | +5.3% |
Lacey | $480.5K | $488.4K | +1.7% |
Thurston South | $457.2K | $459.7K | 0.5% |
Housing Supply in Lacey, WA
How many homes are available in Lacey, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
197 | 226 | +14.7% |
Summary: The Lacey real estate market had 226 homes for sale in April 2024, a 14.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 44 | +46.7% |
3 Bedrooms | 102 | 110 | +7.8% |
4 Bedrooms | 55 | 60 | +9.1% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lacey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 74 | +15.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Lacey in April 2024, up by 15.6% month-over-month. Of the 74 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Lacey, WA
How long does it take to sell a home in Lacey, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -17.2% |
Summary: Homes in Lacey had an average of 19 days on market in Apr 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Lacey; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.