Is Lake Stevens, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake Stevens has remained a Seller's Market.
Key Takeaway
Lake Stevens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Stevens, WA
How much do homes in Lake Stevens, WA cost?
Median Sold Price
$754,031
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Stevens have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Lake Stevens was $754,031 in May 2024, up 11.7% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $424.5K | -2.4% |
| 2 Bedrooms | $447K | $513.1K | +14.8% |
| 3 Bedrooms | $596.3K | $620K | +4.0% |
| 4 Bedrooms | $749.1K | $814.9K | +8.8% |
| 5+ Bedrooms | $852.1K | $899.9K | +5.6% |
Summary: Lake Stevens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Lake Stevens | $675K | $754K | +11.7% |
| Marysville | $599.9K | $624.7K | +4.1% |
Housing Supply in Lake Stevens, WA
How many homes are available in Lake Stevens, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 191 | 234 | +22.5% |
Summary: The Lake Stevens real estate market had 234 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 73 | 99 | +35.6% |
| 4 Bedrooms | 67 | 71 | +6.0% |
| 5+ Bedrooms | 43 | 53 | +23.3% |
Summary: The Lake Stevens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 35.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 71 | +22.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Stevens, you could pay more than the asking price. 47.9% of homes here sold above asking price last month.
Summary: A total of 71 homes were sold or pending in Lake Stevens in May 2024, up by 22.4% month-over-month. Of the 71 sold homes, 17% were sold under asking, 35% were sold at asking, and 48% were sold over asking.
Days on Market for Lake Stevens, WA
How long does it take to sell a home in Lake Stevens, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 20 Days | -57.7% |
Summary: Homes in Lake Stevens had an average of 20 days on market in May 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Stevens are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 71 homes were sold in Lake Stevens; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.