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Featured local agent — Martha Lake, WA
Sarah Mitchell
Compass Real Estate · Martha Lake, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Martha Lake, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$800,000median sale price
How is the Martha Lake, WA housing market right now?
The median home sale price in Martha Lake, WA is $800,000, down 16.9% year-over-year. Homes sell in an average of 15 days with 55 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 Martha Lake a buyer's or seller's market?
Martha Lake, WA is currently a seller's market, based on 2.9 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
15
Fast-moving
Active listings
55
2.9 months supply
Sale-to-list
98.3%
Below asking
What does the Martha Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $800,000 |
| Median list price | $899,475 |
| Year-over-year price change | -16.9% |
| Average days on market | 15 days |
| Active inventory | 55 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $417/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 34 |
| Listings with a price cut | 32.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Martha Lake by property type?
How the Martha Lake, 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 | $940,000 | $454/sq ft | 14 | 15 days |
| Condo / Co-op | $389,000 | $381/sq ft | 3 | 17 days |
| Townhouse | $543,000 | $403/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Martha Lake housing market is currently classified as a seller's market with a median sale price of $800,000. Prices have fallen 16.9% compared to last year, with homes spending an average of 15 days on market, indicating 2.9 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 Martha Lake
There are currently 55 homes listed for sale in Martha Lake, Washington. The median listing price is $899K.
Active listings
55
Homes on market
Median list price
$899K
Avg. days on market
15
Days until sale
New this week
34
Newly listed
Who lives in Martha Lake?
Population
22,740
Median income
$132,130/yr
Median age
33.9 years
Owner-occupied
62.4%
College grads
47.5%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Martha Lake?
Martha Lake is a community of approximately 23K residents with a median age of 33.9 years.The median household income is $132,130, which reflects a relatively affluent area with strong earning potential. 47.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.4%, showing a blend of owner and renter-occupied properties. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Martha Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Martha Lake, WA?
Want a head-to-head view? Compare Martha Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Martha Lake?
The median home sale price in Martha Lake is $800,000, down 16.9% from last year.
How long do homes stay on market in Martha Lake?
Homes typically spend 15 days on market before going under contract.
What is the median income in Martha Lake?
The median household income is $132,130 per year.
Is Martha Lake a buyer's or seller's market?
With 2.9 months of supply, Martha Lake is currently a seller's market.
What is the median condo price in Martha Lake?
The median condo/co-op sale price in Martha Lake, WA is $389,000, compared to $940,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Martha Lake?
The median single-family home price in Martha Lake, WA is $940,000 (about $454 per square foot).
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