Lakewood, WA Home Values & Market Trends
Real estate market trends reflect that there have been 623 transactions over the past year in Lakewood. The median value for residential home transactions that occurred over the previous year is $544,944. The number of current listings in Lakewood is 1,113, and the percentage of properties for sale in the city is 1113.00%. Lakewood, WA currently has 22 properties in foreclosure, 5 bank owned properties, 16 properties headed for auction, and 1,113 properties for sale.
Lakewood, WA Real Estate Market Overview
Housing Market Summary for Lakewood, WA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $539.9K | $545K | 0.94% |
| Median Sold Price | $518.4K | $543.2K | 4.78% |
| Homes For Sale | 738 | 1,107 | 50.00% |
| Homes Sold | 198 | 177 | -10.61% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lakewood, WA
Browse Homes in Lakewood, WA
Lakewood home values range from $175,000 to $4,211,660. The median estimated value of a home in Lakewood is $544,944. The median list price of a home is 539,999, and the total count of properties in the city is 1,334.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in Lakewood, WA with 98498 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Lakewood, WA; of those zips, the estimated home value for pre-foreclosure homes ranges from $554,288 in 98498 to the lowest home value of $554,288 in 98498.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lakewood, WA ranges from the highest value of $428,723 in 98499 to the lowest value of $225,000 in 98498. Bank owned homes and properties account for 0.37% of properties in Lakewood, WA. There are 3 zips within Lakewood, WA; 98499 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions98498 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Lakewood, WA. Auction homes and other auction properties account for 1.20% of all properties in Lakewood, WA. There are 3 zips within Lakewood, WA; of those zips, the median estimated home value for homes going to auction ranges from $655,331 in 98498 to the lowest value of $390,000 in 98498.
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Guide for Lakewood, WA
Washington Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
