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Featured local agent — Lakeland South, WA
Sarah Mitchell
Compass Real Estate · Lakeland South, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lakeland South, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$751,500median sale price
How is the Lakeland South, WA housing market right now?
The median home sale price in Lakeland South, WA is $751,500, up 4.0% year-over-year. Homes sell in an average of 11 days with 23 active listings. The market is currently a 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 Lakeland South a buyer's or seller's market?
Lakeland South, WA is currently a seller's market, based on 2.6 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
11
Fast-moving
Active listings
23
2.6 months supply
Sale-to-list
99.9%
Below asking
What does the Lakeland South housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $751,500 |
| Median list price | $699,997 |
| Year-over-year price change | +4.0% |
| Average days on market | 11 days |
| Active inventory | 23 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $325/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 17 |
| Listings with a price cut | 43.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lakeland South by property type?
How the Lakeland 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 | $751,500 | $325/sq ft | 9 | 11 days |
Source: Redfin · Updated monthly
The Lakeland South housing market is currently classified as a seller's market with a median sale price of $751,500. Prices have risen 4.0% compared to last year, with homes spending an average of 11 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lakeland South
There are currently 23 homes listed for sale in Lakeland South, Washington. The median listing price is $700K.
Active listings
23
Homes on market
Median list price
$700K
Avg. days on market
11
Days until sale
New this week
17
Newly listed
Who lives in Lakeland South?
Population
12,869
Median income
$105,273/yr
Median age
39.6 years
Owner-occupied
79.0%
College grads
25.9%
Avg commute
30.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Lakeland South?
Lakeland South is a community of approximately 13K residents with a median age of 39.6 years.The median household income is $105,273, which reflects a relatively affluent area with strong earning potential. 25.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lakeland South offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lakeland South, WA?
Want a head-to-head view? Compare Lakeland 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 Lakeland South?
The median home sale price in Lakeland South is $751,500, up 4.0% from last year.
How long do homes stay on market in Lakeland South?
Homes typically spend 11 days on market before going under contract.
What is the median income in Lakeland South?
The median household income is $105,273 per year.
Is Lakeland South a buyer's or seller's market?
With 2.6 months of supply, Lakeland South is currently a seller's market.
How much does a single-family home cost in Lakeland South?
The median single-family home price in Lakeland South, WA is $751,500 (about $325 per square foot).
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