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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Compass Real Estate · Lacey, WA
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Lacey, WA Housing Market
Strong seller's market-1.3% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Lacey, WA is worth $509,747, fell 1.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $520,000, -0.9% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 12 days, Lacey is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $509,747 home is about $2,721/mo in principal and interest.
Key numbers for Lacey, WA
Typical home value
$509,747
-1.3% in 12 months
Zillow, August 2026
Typical asking rent
$2,137/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$520,000
-0.9% year over year
Redfin, through May 2026
Days on market
12
Fast-moving
Redfin, through May 2026
Active listings
148
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$87,277
Home costs 5.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.5%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lacey a buyer's or seller's market?
Strong seller's market2.3 months of supply12 days on market100.5% of asking
Lacey, WA is a strong seller's market, based on 2.3 months of supply and homes selling in about 12 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lacey housing market data show?
Every row below is Redfin's final published month for Lacey, WA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $525,000 |
| Year-over-year price change | -0.9% |
| Median price per sq ft | $301/sq ft |
| Median days on market | 12 days |
| Active inventory | 148 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.5% |
| Homes sold (that month) | 63 |
| New listings (that month) | 97 |
| Listings with a price cut | 28.4% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lacey is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lacey is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lacey home prices moved?
Over the last three years the median sale price in Lacey, WA rose 9.5%, from $475,000 to $520,000. The live Zillow value series has fell 1.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.4% of Lacey listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 100.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lacey?
Priced off the typical home value of $509,747 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $101,949 | $407,797 | $2,721/mo |
| 5% | $25,487 | $484,259 | $3,232/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,721, that implies roughly $116,627 a year before you add taxes and insurance. The median household in Lacey earns $87,277, about $29,350 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.8x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lacey in the next 12 months?
Tell us your timeline. We send the Lacey market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lacey?
Typical asking rent in Lacey, WA is $2,137/mo, against a typical home value of $509,747. That is a price-to-rent ratio of 19.9x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,721 a month — $585 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Lacey?
Active listings in Lacey, WA went from 96 in May 2025 to 148 in May 2026, a +54.2% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 126 | 99 |
| July 2025 | 144 | 93 |
| August 2025 | 130 | 61 |
| September 2025 | 125 | 62 |
| October 2025 | 119 | 70 |
| November 2025 | 90 | 33 |
| December 2025 | 80 | 28 |
| January 2026 | 89 | 60 |
| February 2026 | 99 | 62 |
| March 2026 | 100 | 73 |
| April 2026 | 126 | 102 |
| May 2026 | 148 | 97 |
Redfin, through May 2026
How does Lacey compare to Washington and the U.S.?
Lacey homes sell for $520,000 — 20% below the Washington median of $651,800. Against the national median of $410,700, Lacey runs 27% higher. Year-over-year, Lacey moved -0.9% against Washington's -0.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lacey, WA | $520,000 | -0.9% | 12 days |
| Washington statewide | $651,800 | -0.2% | 19 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lacey
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 28.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $510 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $509,747 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lacey listing goes under contract in 12 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month Lacey added 97 new listings against 63 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lacey varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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?
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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%
How much do homes cost in Lacey by property type?
How the Lacey, WA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| 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 |
Who lives in Lacey?
American Community Survey estimates for Lacey. U.S. Census ACS, 2023
Population
57,088
Households
23,141
Median income
$87,277/yr
Median age
37.7 years
Owner-occupied
57.2%
Median home value
$427,900
Median gross rent
$1,805/mo
Mean commute
26.1 min
57.2% of occupied homes in Lacey are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $427,900 against Zillow's $509,747 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,805/mo, below Zillow's $2,137/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Lacey, not by size. Compare Lacey side by side with any of them.
Which ZIP codes are in Lacey?
These are the ZIP codes we see on active Lacey listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Lacey housing market FAQ
Is Lacey a buyer's or seller's market?
Lacey, WA is currently a strong seller's market. That read comes from 2.3 months of supply, homes going under contract in about 12 days, and sellers getting 100.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lacey?
The typical home in Lacey, WA is worth $509,747 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $520,000, about $301 per square foot.
Is Lacey cheaper than the rest of Washington?
Lacey's median sale price of $520,000 is 20% lower than the Washington statewide median of $651,800, and 27% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lacey?
Homes in Lacey, WA spent a median of 12 days on market before going under contract, versus 19 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Lacey?
At the current 30-year fixed rate of 7.03%, 20% down on a $509,747 home is about $2,721 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $116,627 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $87,277.
Are home prices rising in Lacey?
The typical home value in Lacey, WA fell 1.3% over the last 12 months, from $516,332 to $509,747 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lacey?
Lacey ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lacey?
That depends on your timeline, not on a headline. What the data says today: Lacey, WA is a strong seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.9x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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