Is Lawton Park, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawton Park is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Lawton Park has remained a Seller's Market.

Key Takeaway

Lawton Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lawton Park, WA

How much do homes in Lawton Park, WA cost?

Median Sold Price

$962,000

$563/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$62,000(+6.9%)

Key Takeaway

Homes in Lawton Park have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Lawton Park was $962,000 in December 2024, up 6.9% from last year, and the median price per square foot was $563.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $372.5K$385K
+3.4%
2 $703.6K$735K
+4.5%
3 $950.2K$1.0M
+13.1%
4 $1.3M$1.5M
+18.3%
5+ $1.7M$1.7M
+0.7%

Summary: Lawton Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Neighborhoods

Lawton Heights
+50.7%
Lawton Park
+6.9%

Housing Supply in Lawton Park, WA

How many homes are available in Lawton Park, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3940+2.6%

Summary: The Lawton Park real estate market had 40 homes for sale in December 2024, a 2.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 53
-40.0%
2 1114
+27.3%
3 1114
+27.3%
4 43
-25.0%
5+ 86
-25.0%

Summary: The Lawton Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawton Park, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Lawton Park in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Lawton Park, WA

How long does it take to sell a home in Lawton Park, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
30 Days60 Days+100.0%

Summary: Homes in Lawton Park had an average of 60 days on market in Dec 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lawton Park has remained consistent over time.

Summary: During December 2024, 11 homes were sold in Lawton Park; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lawton Park, WA

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