Photo: ECTran71 · CC BY-SA 4.0492 homes sold in Lakewood in the last year, at a typical $518K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lakewood homes are listed.
Every place Lakewood homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lakewood.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
7% of Lakewood’s sales are condos, at $192K less than a house
419 houses and 34 condos sold in the year to May 2026. Houses sell faster.
typical sale · 419 sold in the year to May 2026
- Per square foot
- $323WA $348
- Days to sell
- 23
- Sold over asking
- 37%
- Listings with a price cut
- 36%
typical sale · 34 sold in the year to May 2026
- Per square foot
- $298WA $433
- Days to sell
- 58
- Sold over asking
- 41%
- Listings with a price cut
- 36%
Multi-family (2–4 units): 16 sold, typical $598K
Townhouses: 15 sold, typical $353K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 2.2 times the 2016 price
492 sales in the last year, against 904 in 2021 and a low of 454 in 2012. The typical sale went from $239K in 2016 to $518K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $500K buys in Lakewood
Check a listing against what Lakewood homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lakewood are rarer than before the pandemic, with about as many homes for sale
We read every month of Lakewood’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 492 sales.
If you’re buying in Lakewood
- Shop in August. It brings about 78 new listings a month, close to the busiest month, with fewer bidding wars (42% over asking).
- Bid near asking. Buyers paid 99.8% of the list price on average; 39% paid over.
- Move fast on good ones. 45% of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 88 a month), and the most competition: 52% close over asking. July and August offer nearly as much choice with fewer homes bid up (44%). January has the least competition (34%) but only about 45 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Washington
| Lakewood now | 2017–19 | 2021 peak | WA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 44% | 62% | 25% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 50% | 71% | 38% |
| Price paid vs. askingAverage sale price ÷ list price | 99.8% | 100.6% | 103.3% | 99.1% |
| Days to sellMedian days from listing to contract | 23 | 21 | 7 | 35 |
117 homes for sale on a typical day
That’s twice the 2020 low (57), about the 2017–19 level and well under 2012’s 196.
Since 2019, houses are up 61%, condos 77%
A house typically sold for $545K in the year to May 2026 (419 sales), a condo for $353K (34).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lakewood ranks 28th of 191 busy Washington markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lakewood is one of the state’s hottest markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lakewood home costs about $3,108 a month
Price: Lakewood’s typical sale, last 12 months. Property tax at Lakewood’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lakewood is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 36.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $518K home, about $4,860 a year.
Taxes vs. neighborsSchools
The schools grade for Lakewood, from test results, graduation and how much students grow.
Schools in LakewoodTypical commute
The average one-way trip to work for people who live in Lakewood.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Parkland, Midland and Spanaway sell for less a square foot
The busier markets within 25 miles of Lakewood, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lakewood | 492 | $518K | $319 | 39% | 23 |
| Spanaway | 383 | $498K | $281 | 37% | 30 |
| Parkland | 382 | $475K | $308 | 41% | 28 |
| University Place | 354 | $682K | $340 | 34% | 17 |
| Fircrest | 82 | $665K | $313 | 41% | 15 |
| Steilacoom | 79 | $709K | $354 | 21% | 32 |
| Midland | 61 | $497K | $299 | 21% | 35 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lakewood, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lakewood. People who follow the town see it, and so do people comparing Lakewood with their own town. No commission, no listing fee.
Questions about buying a home in Lakewood
What do homes sell for in Lakewood, WA?
492 homes sold in the year to September 2026 at a typical $518K, $319 a square foot. Houses sold for about $545K, condos for about $353K in the year to May 2026.
Is Lakewood a buyer’s or seller’s market?
A seller’s market: 165 homes were for sale in September 2026 and 46 sold, about 3.6 months of supply. Buyers paid 99.8% of asking on average.
When is the best time to buy in Lakewood?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lakewood?
About 0.9% of a home’s value a year. On a $518K home that’s near $4,860.
Where can I see homes for sale in Lakewood?
Zillow, Redfin, Realtor.com and Homes.com all carry Lakewood’s MLS listings; the search links above open each one filtered to Lakewood.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).