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Lacey, WA 98516 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Lacey, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 8787PendingPending sales: 1010
Lacey, 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): $615k$615kSoldMedian sold price (last 6 months): $595k$595k
What homes actually sell for in Lacey, WA
Distribution of 227 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $497k to $780k
$368k to $471k: 30 sales$368k$471k to $575k: 64 sales64sales$575k to $678k: 42 sales$575k$678k to $782k: 25 sales$782k to $885k: 24 sales$782k$885k to $988k: 14 sales$988k to $1.09M: 2 sales$988k$1.09M to $1.2M: 3 salesMedian $595k

What the numbers say

As of October 5, 2026, Resideline is tracking 87 active listings and 10 pending sales in ZIP code 98516. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $615,000, while the median of the 227 closed sales Resideline tracked over the last six months was $595,000. 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 98516 for 73 days.

Frequently asked questions

What is the median home price in 98516?

The median closed sale price in Lacey, WA 98516 was $595,000 over the last six months, based on 227 closed sales tracked by Resideline. The middle half of those sales ranged from $496,800 to $780,000.

Is 98516 a buyer's or seller's market?

Resideline is currently tracking 10 pending sales against 87 active listings in 98516, a pending-to-active ratio of 0.11. 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, 98516 currently looks like a balanced market.

Nearby ZIP code market data

Full Lacey, WA housing market report →

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