Lakewood, WA Housing Market & Real Estate

Seller's market+4.5% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Lakewood, WA is $510,000, up 4.5% year-over-year. Homes sell in an average of 34 days with 86 active listings. The market is currently a seller's market.

$510,000median sale price

Is Lakewood a buyer's or seller's market?

Seller's market2.3 months of supply34 avg. days on market

Lakewood, WA is currently a seller's market, based on 2.3 months of supply and homes selling in about 34 days. How we determine this →

Homes sold

37

Last 12 weeks

Days on market

34

Average pace

Active listings

86

2.3 months supply

Sale-to-list

100.0%

Above asking

Lakewood, WA market data

Current housing market statistics for Lakewood, WA
MetricValue
Median sale price$510,000
Median list price$589,950
Year-over-year price change+4.5%
Average days on market34 days
Active inventory86 listings
Months of supply2.3 months
Sale-to-list price ratio100.0%
Market conditionSeller's market

Source: Redfin · Updated weekly

The Lakewood housing market is currently classified as a seller's market with a median sale price of $510,000. Prices have risen 4.5% compared to last year, with homes spending an average of 34 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.

Market trends

Homes for sale in Lakewood

There are currently 86 homes listed for sale in Lakewood, Washington. The median listing price is $590K.

Active listings

86

Homes on market

Median list price

$590K

Avg. days on market

34

Days until sale

New this week

43

Newly listed

Price drops:34.9%of listings
Sale-to-list:100.0%

Top public schools in Lakewood

26 schools tracked · 9,470 students

The largest public schools serving Lakewood, 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.

Lakes High School

Grades 9-12 · 1,195 students

Public

Clover Park High School

Grades 9-12 · 1,137 students

Public

Thomas Middle School

Grades 6-8 · 980 students

Public

General William H. Harrison Preparatory School

Grades 6-12 · 745 students

Public

Hudtloff Middle School

Grades 6-8 · 586 students

Public

Lakeview Hope Academy

Grades PK-5 · 541 students

Public

Four Heroes Elementary

Grades PK-5 · 528 students

Public

Lake Louise Elementary School

Grades PK-5 · 503 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

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Frequently asked questions

What is the average home price in Lakewood?

The median home sale price in Lakewood is $510,000, up 4.5% from last year.

How long do homes stay on market in Lakewood?

Homes typically spend 34 days on market before going under contract.

Is Lakewood a buyer's or seller's market?

With 2.3 months of supply, Lakewood is currently a seller's market.

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