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Featured local agent — Banks Lake South, WA
Sarah Mitchell
Compass Real Estate · Banks Lake South, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Banks Lake South, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$489,850median sale price
How is the Banks Lake South, WA housing market right now?
The median home sale price in Banks Lake South, WA is $489,850. Homes sell in an average of 31 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of July 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Banks Lake South a buyer's or seller's market?
Banks Lake South, WA is currently a leaning buyer's and homes selling in about 31 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
31
Average pace
Active listings
—
Sale-to-list
89.1%
Below asking
What does the Banks Lake South housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $489,850 |
| Average days on market | 31 days |
| Sale-to-list price ratio | 89.1% |
| Median price per sq ft | $278/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Banks Lake South by property type?
How the Banks Lake South, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $489,850 | $278/sq ft | 1 | 31 days |
Source: Redfin · Updated monthly
The Banks Lake South housing market is currently classified as a leaning buyer's with a median sale price of $489,850. Prices have fallen 0.0% compared to last year, with homes spending an average of 31 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Banks Lake South
Explore homes currently listed for sale in Banks Lake South, Washington across major real estate platforms.
Who lives in Banks Lake South?
Population
216
Median income
$42,917/yr
Median age
48.6 years
Owner-occupied
82.8%
College grads
12.8%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Banks Lake South?
Banks Lake South is a community of approximately 0K residents with a median age of 48.6 years.The median household income is $42,917, which represents a working-class community with solid middle-income opportunities. 12.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Banks Lake South offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Banks Lake South, WA?
Want a head-to-head view? Compare Banks Lake South side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Banks Lake South?
The median home sale price in Banks Lake South is $489,850, down 0.0% from last year.
How long do homes stay on market in Banks Lake South?
Homes typically spend 31 days on market before going under contract.
What is the median income in Banks Lake South?
The median household income is $42,917 per year.
How much does a single-family home cost in Banks Lake South?
The median single-family home price in Banks Lake South, WA is $489,850 (about $278 per square foot).
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