Lakewood, WA 98498 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Lakewood, WA — 98498
Market Hotness
38
Hotness Rank
#8,722
Hotness Score
38
Supply Score
68
Demand Score
9
DOM vs US
-11.0%
Faster
Price vs US
142%
Above avg
Median Listing Price
$609K
Population
29,209
Households
369,709
Median Days on Market
42
Active Listings
68
New Listings
52
Housing Market
Pricing
Median Listing Price
$609K
-3.4% YoY
Average Listing Price
$710K
-0.1% YoY
Price per Sq Ft
$321
-1.9% YoY
Median Sq Ft
1,882
+1.9% YoY
Inventory
Active Listings
68
+18.3% YoY
New Listings
52
+18.2% YoY
Total Listings
104
+8.4% YoY
Buyer Competition
Pending Listings
36
-4.0% YoY
Pending Ratio
0.52
-12.1% YoY
Median Days on Market
42
+42.4% YoY
Price Reduced
15.8%
-16.1% 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
ZIP Population
29,209
+0.9% 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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