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All market snapshots / 98498

Lakewood, WA 98498 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Lakewood, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 5757PendingPending sales: 33
Lakewood, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $614k$614kSoldMedian sold price (last 6 months): $544k$544k
What homes actually sell for in Lakewood, WA
Distribution of 199 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $430k to $700k
$250k to $371k: 19 sales$250k$371k to $492k: 51 sales51sales$492k to $614k: 47 sales$492k$614k to $735k: 33 sales$735k to $856k: 16 sales$735k$856k to $977k: 6 sales$977k to $1.1M: 5 sales$977k$1.1M to $1.22M: 3 salesMedian $544k

What the numbers say

As of October 26, 2026, Resideline is tracking 57 active listings and 3 pending sales in ZIP code 98498. That pending-to-active ratio of 0.05 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $613,999, while the median of the 199 closed sales Resideline tracked over the last six months was $544,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98498 for 87 days.

Frequently asked questions

What is the median home price in 98498?

The median closed sale price in Lakewood, WA 98498 was $544,000 over the last six months, based on 199 closed sales tracked by Resideline. The middle half of those sales ranged from $429,950 to $699,900.

Is 98498 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 57 active listings in 98498, a pending-to-active ratio of 0.05. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 98498 is currently a typical-pace market.

Nearby ZIP code market data

Full Lakewood, WA housing market report →

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