Lakewood, Washington Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Lakewood, Washington
4 ZIPs in this city:
98439
98496
98498
98499
Market Hotness
36
Hotness Rank
--
Hotness Score
36
Supply Score
64
Demand Score
8
DOM vs US
-9.0%
Faster
Price vs US
140%
Above avg
Median Listing Price
$602K
Population
67,344
Households
369,709
Median Days on Market
44
Active Listings
124
New Listings
82
Housing Market
Pricing
Median Listing Price
$602K
-1.3% YoY
Average Listing Price
$708K
-0.5% YoY
Price per Sq Ft
$324.613
-3.9% YoY
Median Sq Ft
1,893
+4.0% YoY
Inventory
Active Listings
124
+31.9% YoY
New Listings
82
+13.9% YoY
Total Listings
184
+21.9% YoY
Buyer Competition
Pending Listings
60
+5.3% YoY
Pending Ratio
0.48
-22.0% YoY
Median Days on Market
44
+46.0% YoY
Price Reduced
21.2%
-25.2% YoY
FY2026 Fair Market Rent — Pierce County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,428
/month
1 BR
$1,605
/month
2 BR
$1,971
/month
3 BR
$2,733
/month
4 BR
$3,102
/month
FMR Trends — Pierce County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
37.0
2024
Population
Total Population
67,344
-1.0% YoY
Pierce County Population
941,170
+1.0% YoY
Households
Total Housing Units
369,709
+1.1% YoY
Age
2024 Age Mix
930K
residents
Under 18
214,038
23.0%
Adults 18–64
578,745
62.2%
65 & Over
137,536
14.8%
Age Composition Over Time
2017–2024
Population Under 18
214,038
-0.2% YoY
Population 65 & Over
137,536
+3.2% YoY
Median Age
37.00
+0.5% YoY
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