$4,334 Closing Credit*
$365,000
1,384 SqFt
3 Beds
•1 Full Bath, 1 Partial
Anne Fritschy, Listing Office: PNW Towns and Sound
Is Lakewood, 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, Lakewood has remained a Seller's Market.
Key Takeaway
Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakewood, WA
How much do homes in Lakewood, WA cost?
Median Sold Price
$510,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,666(+4.2%)
Key Takeaway
Homes in Lakewood have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Lakewood was $510,000 in November 2024, up 4.2% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $270.5K | +23.0% |
| 2 Bedrooms | $342.5K | $320K | -6.6% |
| 3 Bedrooms | $463.8K | $500K | +7.8% |
| 4 Bedrooms | $566.4K | $612.5K | +8.1% |
| 5+ Bedrooms | $697.4K | $694K | -0.5% |
Summary: Lakewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Tacoma | $450.1K | $480.3K | +6.7% |
| Lakewood | $489.3K | $510K | +4.2% |
| University Place | $610K | $630K | +3.3% |
| Fort Lewis-DuPont | $517.4K | $510K | -1.4% |
| Steilacoom | $705K | $650K | -7.8% |
Housing Supply in Lakewood, WA
How many homes are available in Lakewood, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 189 | 168 | -11.1% |
Summary: The Lakewood real estate market had 168 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 85 | 74 | -12.9% |
| 4 Bedrooms | 50 | 46 | -8.0% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Lakewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 39 | -20.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood, expect to pay close to the asking price. 41% of homes here sold near the asking price last month.
Summary: A total of 39 homes were sold or pending in Lakewood in November 2024, down by 20.4% month-over-month. Of the 39 sold homes, 33% were sold under asking, 41% were sold at asking, and 26% were sold over asking.
Days on Market for Lakewood, WA
How long does it take to sell a home in Lakewood, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 46 Days | +99.7% |
Summary: Homes in Lakewood had an average of 46 days on market in Nov 2024, up by 99.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakewood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in Lakewood; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% 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.