$65,000
1.73 Acres
Land
Brianna Blackwood, Listing Office: Best Choice Realty
Is Lakebay, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lakebay has remained a Seller's Market.
Key Takeaway
Lakebay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakebay, WA
How much do homes in Lakebay, WA cost?
Median Sold Price
$492,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$92,525(+23.1%)
Key Takeaway
Homes in Lakebay have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Lakebay was $492,500 in November 2024, up 23.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $225K | -7.0% |
| 2 Bedrooms | $345K | $426K | +23.5% |
| 3 Bedrooms | $402K | $492.5K | +22.5% |
| 4 Bedrooms | $610K | $675K | +10.7% |
| 5+ Bedrooms | $625K | $570K | -8.8% |
Summary: Lakebay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Lakebay | $399.9K | $492.5K | +23.1% |
| Key Peninsula-Anderson Island | $470K | $489.9K | +4.3% |
| Anderson Island | $515K | $395K | -23.3% |
Housing Supply in Lakebay, WA
How many homes are available in Lakebay, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Lakebay real estate market had 39 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lakebay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakebay, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lakebay in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Lakebay, WA
How long does it take to sell a home in Lakebay, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 50 Days | -3.6% |
Summary: Homes in Lakebay had an average of 50 days on market in Nov 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakebay are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Lakebay; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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.