Is Lake Stevens, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake Stevens has remained a Seller's Market.
Housing Prices in Lake Stevens, WA
How much do homes in Lake Stevens, WA cost?
Median Sold Price
$754,031
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Stevens was $754,031 in May 2024, up 11.7% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $424.5K | -2.4% |
2 Bedrooms | $447K | $513.1K | +14.8% |
3 Bedrooms | $596.3K | $620K | +4.0% |
4 Bedrooms | $749.1K | $814.9K | +8.8% |
5+ Bedrooms | $852.1K | $899.9K | +5.6% |
Summary: Lake Stevens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Lake Stevens | $675K | $754K | +11.7% |
Marysville | $599.9K | $624.7K | +4.1% |
Housing Supply in Lake Stevens, WA
How many homes are available in Lake Stevens, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
191 | 234 | +22.5% |
Summary: The Lake Stevens real estate market had 234 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 73 | 99 | +35.6% |
4 Bedrooms | 67 | 71 | +6.0% |
5+ Bedrooms | 43 | 53 | +23.3% |
Summary: The Lake Stevens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 35.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 71 | +22.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Lake Stevens in May 2024, up by 22.4% month-over-month. Of the 71 sold homes, 17% were sold under asking, 35% were sold at asking, and 48% were sold over asking.
Days on Market for Lake Stevens, WA
How long does it take to sell a home in Lake Stevens, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 20 Days | -57.7% |
Summary: Homes in Lake Stevens had an average of 20 days on market in May 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 71 homes were sold in Lake Stevens; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.