Is Lakewood, WA 98498 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Lakewood is a seller’s market. With about 3.1 months of supply and 43% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.1Under 4 months = seller’s market

Sold above original list42.7%Share of sales, last 3 months

Median sale-to-list99.7%Sold price ÷ list price

Median days on market9Listing to accepted offer

Median price per sq ft$324▲ +3.7% vs. last year

Run the numbers for 98498

Prefilled for 98498Can I win this house?Multiple-offer likelihood for a listing Prefilled for 98498Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology