$8,828 Closing Credit*
$743,375
4,574 SqFt
3 Beds
•3 Full Baths, 1 Partial
Katie Lowder, Listing Office: Keller Williams Realty PS
Is Lakebay, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$489,950
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,950(+22.5%)
Key Takeaway
Homes in Lakebay have sold for 22.5% more than they did a year ago.
Summary: The median home sold price in Lakebay was $489,950 in October 2024, up 22.5% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $230K | -2.1% |
| 2 Bedrooms | $345K | $388K | +12.5% |
| 3 Bedrooms | $405.4K | $490K | +20.8% |
| 4 Bedrooms | $620K | $675K | +8.9% |
| 5+ Bedrooms | $625K | - | N/A |
Summary: Lakebay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lakebay | $400K | $489.9K | +22.5% |
| Vaughn | $582.5K | $627.5K | +7.7% |
| Key Peninsula-Anderson Island | $464.9K | $489.9K | +5.4% |
| Anderson Island | $473.1K | $444.9K | -5.9% |
Housing Supply in Lakebay, WA
How many homes are available in Lakebay, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 45 | -10.0% |
Summary: The Lakebay real estate market had 45 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lakebay housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakebay, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Lakebay in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 73 Days | +138.4% |
Summary: Homes in Lakebay had an average of 73 days on market in Oct 2024, up by 138.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 October 2024, 9 homes were sold in Lakebay; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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.