Is Lake Forest Park, 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, Lake Forest Park has remained a Seller's Market.
Housing Prices in Lake Forest Park, WA
How much do homes in Lake Forest Park, WA cost?
Median Sold Price
$1,005,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Forest Park was $1,005,000 in April 2024, up 5.2% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $375K | +20.0% |
2 Bedrooms | $430K | $523.7K | +21.8% |
3 Bedrooms | $899.9K | $900K | 0.0% |
4 Bedrooms | $1.1M | $1.0M | -3.6% |
5+ Bedrooms | $1.4M | $1.2M | -9.3% |
Summary: Lake Forest Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 21.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Lake Forest Park | $955K | $1.0M | +5.2% |
Mountlake Terrace | $626K | $639.5K | +2.2% |
Shoreline | $799.1K | $789.9K | -1.1% |
Kenmore | $975K | $923.3K | -5.3% |
Brier | $988K | $913.5K | -7.5% |
Housing Supply in Lake Forest Park, WA
How many homes are available in Lake Forest Park, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Summary: The Lake Forest Park real estate market had 27 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Lake Forest Park 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lake Forest Park in April 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Lake Forest Park, WA
How long does it take to sell a home in Lake Forest Park, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 5 Days | -67.5% |
Summary: Homes in Lake Forest Park had an average of 5 days on market in Apr 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Lake Forest Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.