Is Lakewood, 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, Lakewood has remained a Seller's Market.
Housing Prices in Lakewood, WA
How much do homes in Lakewood, WA cost?
Median Sold Price
$494,250
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lakewood was $494,250 in April 2024, up 0.9% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $222.5K | -9.2% |
2 Bedrooms | $350K | $333.7K | -4.6% |
3 Bedrooms | $473K | $474K | 0.2% |
4 Bedrooms | $583.5K | $565K | -3.2% |
5+ Bedrooms | $679.9K | $723.2K | +6.4% |
Summary: Lakewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
University Place | $627.5K | $639.7K | +1.9% |
Tacoma | $458.2K | $463.1K | +1.1% |
Lakewood | $489.8K | $494.2K | +0.9% |
Fort Lewis-DuPont | $533K | $522.4K | -2.0% |
Steilacoom | $692K | $658.5K | -4.8% |
Housing Supply in Lakewood, WA
How many homes are available in Lakewood, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
142 | 171 | +20.4% |
Summary: The Lakewood real estate market had 171 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 25 | -19.4% |
3 Bedrooms | 57 | 74 | +29.8% |
4 Bedrooms | 42 | 54 | +28.6% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Lakewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 54 | +35.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Lakewood in April 2024, up by 35.0% month-over-month. Of the 54 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 31 Days | -32.6% |
Summary: Homes in Lakewood had an average of 31 days on market in Apr 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Lakewood; 72% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.