$4,928 Closing Credit*
$415,000
1,119 SqFt
2 Beds
•2 Full Baths, 1 Partial
Emily Ramirez, Listing Office: Rain Town Realty + JPAR
Is The Lakes, 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, The Lakes has remained a Seller's Market.
Key Takeaway
The Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Lakes, WA
How much do homes in The Lakes, WA cost?
Median Sold Price
$447,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,950(-0.7%)
Key Takeaway
Homes in The Lakes have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in The Lakes was $447,000 in November 2024, down 0.7% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $414.5K | $414.9K | 0.1% |
| 3 Bedrooms | $497.4K | $499.9K | 0.5% |
| 4 Bedrooms | $630K | $712.8K | +13.2% |
| 5+ Bedrooms | $836.8K | - | N/A |
Summary: The Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes did not change.
Housing Supply in The Lakes, WA
How many homes are available in The Lakes, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The The Lakes real estate market had 18 homes for sale in November 2024, a 21.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in The Lakes, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in The Lakes in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for The Lakes, WA
How long does it take to sell a home in The Lakes, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 61 Days | +322.1% |
Summary: Homes in The Lakes had an average of 61 days on market in Nov 2024, up by 322.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Lakes are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in The Lakes; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.