New Listing
33
$375,000
5025 45th Ave SE
Lacey, WA 98503
3 bd2 ba1,938 sqft$193/ft²
House9,731 sqft lot
COMPASS
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Sarah Mitchell
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Compass Real Estate · Lacey, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Lacey, WA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Lacey, WA Housing Market & Real Estate
Strong seller's market-0.9% YoY
Housing market overview · Updated monthly ·
$520,000median sale price
How is the Lacey, WA housing market right now?
The median home sale price in Lacey, WA is $520,000, down 0.9% year-over-year. Homes sell in an average of 12 days with 148 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lacey a buyer's or seller's market?
Strong seller's market2.3 months of supply12 avg. days on market
Lacey, WA is currently a strong seller's market, based on 2.3 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
63
Last 12 weeks
Days on market
12
Fast-moving
Active listings
148
2.3 months supply
Sale-to-list
100.5%
Above asking
What does the Lacey housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $525,000 |
| Year-over-year price change | -0.9% |
| Average days on market | 12 days |
| Active inventory | 148 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $301/sq ft |
| Homes sold (latest month) | 63 |
| New listings (latest month) | 97 |
| Listings with a price cut | 28.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lacey by property type?
How the Lacey, 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 | $520,000 | $301/sq ft | 59 | 12 days |
| Condo / Co-op | $364,500 | $243/sq ft | 2 | 11 days |
| Townhouse | $445,000 | $203/sq ft | 1 | 70 days |
Source: Redfin · Updated monthly
The Lacey housing market is currently classified as a strong seller's market with a median sale price of $520,000. Prices have fallen 0.9% compared to last year, with homes spending an average of 12 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.9x provides context for how home values compare to local earning capacity.
Homes for sale in Lacey
There are currently 148 homes listed for sale in Lacey, Washington. The median listing price is $525K. Featured listings range from $375,000 to $659,995.
New Listing
37
$415,000
6509 Oklahoma St SE
Lacey, WA 98513
2 bd2 ba1,243 sqft$334/ft²
Townhouse2,252 sqft lot
Keller Williams Western Realty
View photos & details
New Listing
29
$425,000
7640 Mesplay Ave SE
Lacey, WA 98503
3 bd1 ba952 sqft$446/ft²
House16,967 sqft lot
Coldwell Banker Bain
View photos & details
New Listing
33
$465,000
7544 Mesplay Ave SE
Lacey, WA 98503
4 bd2 ba1,208 sqft$385/ft²
House16,274 sqft lot
Abbey Realty Inc
View photos & details
New Listing
36
$468,000
5808 Pennsylvania St SE
Lacey, WA 98513
4 bd3 ba1,452 sqft$322/ft²
House3,825 sqft lot
eXp Realty
View photos & details
New Listing
30
$469,000
307 Ranger Dr SE
Lacey, WA 98503
3 bd2 ba1,272 sqft$369/ft²
House12,227 sqft lot
John L. Scott, Inc.
View photos & details
New Listing
26
$500,000
5601 32nd Ct SE
Lacey, WA 98503
3 bd2 ba1,345 sqft$372/ft²
House15,316 sqft lot
Real Broker LLC
View photos & details
New Build
17
$509,995
500 Cremini Loop SE # 74
Lacey, WA 98513
3 bd3 ba1,392 sqft$366/ft²
House
View photos & details
New Listing
29
$570,000
4304 Maricite St SE
Lacey, WA 98503
4 bd3 ba2,308 sqft$247/ft²
House5,110 sqft lot
Keller Williams West Sound
View photos & details
New Build
21
$634,995
493 Cremini Loop SE # 6
Lacey, WA 98513
4 bd3 ba2,251 sqft$282/ft²
House
View photos & details
New Build
21
$654,995
497 Cremini Loop SE # 5
Lacey, WA 98513
5 bd3 ba2,335 sqft$281/ft²
House
View photos & details
New Build
21
$659,995
8412 Ostrom Ave SE # 29
Lacey, WA 98513
5 bd3 ba2,335 sqft$283/ft²
House
View photos & details
Looking to buy in Lacey?
Get connected with a local real estate expert — free, no obligation.
Active listings
148
Homes on market
Median list price
$525K
Avg. days on market
12
Days until sale
New this week
97
Newly listed
Price drops:28.4%of listings
Sale-to-list:100.5%
Who lives in Lacey?
Population
57,088
Median income
$87,277/yr
Median age
37.7 years
Owner-occupied
57.2%
College grads
32.2%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Lacey?
Zillow home value
$518,901
Zillow rent index
$2,163/mo
Price-to-rent ratio
20.0x
Price-to-income
5.9x
Source: Zillow Research
What is it like to live in Lacey?
Lacey is a community of approximately 57K residents with a median age of 37.7 years.The median household income is $87,277, which reflects a relatively affluent area with strong earning potential. 32.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.2%, showing a blend of owner and renter-occupied properties. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lacey offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lacey?
24 schools tracked · 15,197 students
The largest public schools serving Lacey, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
River Ridge High School
Grades 9-12 · 1,524 students
Timberline High School
Grades 9-12 · 1,426 students
North Thurston High School
Grades 9-12 · 1,412 students
Nisqually Middle School
Grades 6-8 · 815 students
Salish Middle School
Grades 6-8 · 787 students
Meadows Elementary
Grades PK-5 · 735 students
Mountain View Elementary
Grades PK-5 · 728 students
Chinook Middle School
Grades 6-8 · 710 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lacey, WA?
Want a head-to-head view? Compare Lacey side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Lacey?
Is Lacey a good real estate investment market?
For investors evaluating Lacey, the price-to-rent ratio of 20.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lacey's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lacey's median home price.
Frequently asked questions
What is the average home price in Lacey?
The median home sale price in Lacey is $520,000, down 0.9% from last year.
How long do homes stay on market in Lacey?
Homes typically spend 12 days on market before going under contract.
What is the median income in Lacey?
The median household income is $87,277 per year.
Is Lacey a buyer's or seller's market?
With 2.3 months of supply, Lacey is currently a strong seller's market.
How many homes are for sale in Lacey?
There are currently 148 homes listed for sale in Lacey, WA.
What is the Zillow home value estimate for Lacey?
The Zillow Home Value Index (ZHVI) for Lacey is $518,901, representing the typical home value in the area.
What is the median condo price in Lacey?
The median condo/co-op sale price in Lacey, WA is $364,500, compared to $520,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lacey?
The median single-family home price in Lacey, WA is $520,000 (about $301 per square foot).
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