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All market snapshots / 98498

Lakewood, WA 98498 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lakewood, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 5959PendingPending sales: 44
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): $575k$575kSoldMedian sold price (last 6 months): $540k$540k
What homes actually sell for in Lakewood, WA
Distribution of 209 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $430k to $685k
$230k to $354k: 19 sales$230k$354k to $478k: 48 sales$478k to $601k: 55 sales55sales$478k$601k to $725k: 32 sales$725k to $849k: 18 sales$725k$849k to $972k: 8 sales$972k to $1.1M: 5 sales$972k$1.1M to $1.22M: 3 salesMedian $540k

What the numbers say

As of September 14, 2026, Resideline is tracking 59 active listings and 4 pending sales in ZIP code 98498. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $575,000, while the median of the 209 closed sales Resideline tracked over the last six months was $540,000. 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 60 days.

Frequently asked questions

What is the median home price in 98498?

The median closed sale price in Lakewood, WA 98498 was $540,000 over the last six months, based on 209 closed sales tracked by Resideline. The middle half of those sales ranged from $430,000 to $685,000.

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

Resideline is currently tracking 4 pending sales against 59 active listings in 98498, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98498 currently looks like a balanced market.

Nearby ZIP code market data

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