Brokers — List your Company Here
Featured local agent — Soap Lake, WA
Sarah Mitchell
Compass Real Estate · Soap Lake, 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.
Soap Lake, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$493,000median sale price
How is the Soap Lake, WA housing market right now?
The median home sale price in Soap Lake, WA is $493,000, up 55.9% year-over-year. Homes sell in an average of 270 days with 13 active listings. The market is currently a buyer'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 Soap Lake a buyer's or seller's market?
Soap Lake, WA is currently a buyer's market, based on 6.5 months of supply and homes selling in about 270 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
270
Average pace
Active listings
13
6.5 months supply
Sale-to-list
98.1%
Below asking
What does the Soap Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $493,000 |
| Median list price | $309,000 |
| Year-over-year price change | +55.9% |
| Average days on market | 270 days |
| Active inventory | 13 listings |
| Months of supply | 6.5 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $248/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 15.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Soap Lake by property type?
How the Soap 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 | $493,000 | $248/sq ft | 2 | 270 days |
Source: Redfin · Updated monthly
The Soap Lake housing market is currently classified as a buyer's market with a median sale price of $493,000. Prices have risen 55.9% compared to last year, with homes spending an average of 270 days on market, indicating 6.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Soap Lake
There are currently 13 homes listed for sale in Soap Lake, Washington. The median listing price is $309K.
Active listings
13
Homes on market
Median list price
$309K
Avg. days on market
270
Days until sale
New this week
3
Newly listed
Who lives in Soap Lake?
Population
1,286
Median age
41.8 years
Owner-occupied
63.7%
College grads
11.6%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Soap Lake?
Zillow home value
$306,675
Source: Zillow Research
What is it like to live in Soap Lake?
Soap Lake is a community of approximately 1K residents with a median age of 41.8 years. 11.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.7%, showing a blend of owner and renter-occupied properties. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Soap Lake offers a distinctive character that appeals to different lifestyle preferences.
Which public schools serve Soap Lake?
3 schools tracked · 555 students
The largest public schools serving Soap Lake, 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.
Soap Lake Elementary
Grades PK-6 · 315 students
Soap Lake Middle & High School
Grades 7-12 · 240 students
RISE Academy
Grades 9-12
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 Soap Lake, WA?
Want a head-to-head view? Compare Soap 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 Soap Lake?
The median home sale price in Soap Lake is $493,000, up 55.9% from last year.
How long do homes stay on market in Soap Lake?
Homes typically spend 270 days on market before going under contract.
Is Soap Lake a buyer's or seller's market?
With 6.5 months of supply, Soap Lake is currently a buyer's market.
What is the Zillow home value estimate for Soap Lake?
The Zillow Home Value Index (ZHVI) for Soap Lake is $306,675, representing the typical home value in the area.
How much does a single-family home cost in Soap Lake?
The median single-family home price in Soap Lake, WA is $493,000 (about $248 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Soap Lake, 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 Soap Lake market alerts
Weekly updates on prices, inventory, and trends. Free forever.