Brokers — List your Company Here
Featured local agent — Lakewood, WA
Sarah Mitchell
Compass Real Estate · Lakewood, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Lakewood, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$530,000median sale price
How is the Lakewood, WA housing market right now?
The median home sale price in Lakewood, WA is $530,000, up 7.1% year-over-year. Homes sell in an average of 16 days with 105 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 Lakewood a buyer's or seller's market?
Lakewood, WA is currently a seller's market, based on 2.3 months of supply and homes selling in about 16 days. How we determine this →
Homes sold
45
Last 12 weeks
Days on market
16
Fast-moving
Active listings
105
2.3 months supply
Sale-to-list
99.7%
Below asking
What does the Lakewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $530,000 |
| Median list price | $499,950 |
| Year-over-year price change | +7.1% |
| Average days on market | 16 days |
| Active inventory | 105 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $339/sq ft |
| Homes sold (latest month) | 45 |
| New listings (latest month) | 72 |
| Listings with a price cut | 36.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lakewood by property type?
How the Lakewood, 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 | $550,000 | $340/sq ft | 41 | 15 days |
| Condo / Co-op | $333,750 | $276/sq ft | 2 | 123 days |
| Townhouse | $361,975 | $297/sq ft | 2 | 39 days |
Source: Redfin · Updated monthly
The Lakewood housing market is currently classified as a seller's market with a median sale price of $530,000. Prices have risen 7.1% compared to last year, with homes spending an average of 16 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 7.5x provides context for how home values compare to local earning capacity.
Homes for sale in Lakewood
There are currently 105 homes listed for sale in Lakewood, Washington. The median listing price is $500K.
Active listings
105
Homes on market
Median list price
$500K
Avg. days on market
16
Days until sale
New this week
72
Newly listed
Who lives in Lakewood?
Population
63,034
Median income
$70,524/yr
Median age
36.3 years
Owner-occupied
44.8%
College grads
22.6%
Avg commute
28.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Lakewood?
Zillow home value
$526,659
Zillow rent index
$1,708/mo
Price-to-rent ratio
25.7x
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Lakewood?
Lakewood is a community of approximately 63K residents with a median age of 36.3 years.The median household income is $70,524, which represents a working-class community with solid middle-income opportunities. 22.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 44.8%, showing a blend of owner and renter-occupied properties. The average commute time is 28.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lakewood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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
Clover Park High School
Grades 9-12 · 1,137 students
Thomas Middle School
Grades 6-8 · 980 students
General William H. Harrison Preparatory School
Grades 6-12 · 745 students
Hudtloff Middle School
Grades 6-8 · 586 students
Lakeview Hope Academy
Grades PK-5 · 541 students
Four Heroes Elementary
Grades PK-5 · 528 students
Lake Louise Elementary School
Grades PK-5 · 503 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 Lakewood, WA?
Want a head-to-head view? Compare Lakewood side-by-side with any other U.S. city using our market-comparison tool.
Is Lakewood a good real estate investment market?
For investors evaluating Lakewood, the price-to-rent ratio of 25.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lakewood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lakewood's median home price.
Frequently asked questions
What is the average home price in Lakewood?
The median home sale price in Lakewood is $530,000, up 7.1% from last year.
How long do homes stay on market in Lakewood?
Homes typically spend 16 days on market before going under contract.
What is the median income in Lakewood?
The median household income is $70,524 per year.
Is Lakewood a buyer's or seller's market?
With 2.3 months of supply, Lakewood is currently a seller's market.
What is the Zillow home value estimate for Lakewood?
The Zillow Home Value Index (ZHVI) for Lakewood is $526,659, representing the typical home value in the area.
What is the median condo price in Lakewood?
The median condo/co-op sale price in Lakewood, WA is $333,750, compared to $550,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lakewood?
The median single-family home price in Lakewood, WA is $550,000 (about $340 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Lakewood, WA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Lakewood market alerts
Weekly updates on prices, inventory, and trends. Free forever.