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Lacey, WA 98516 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lacey, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 8989PendingPending sales: 88
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): $555k$555kSoldMedian sold price (last 6 months): $594k$594k
What homes actually sell for in Lacey, WA
Distribution of 238 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $507k to $765k
$330k to $435k: 14 sales$330k$435k to $540k: 55 sales$540k to $645k: 67 sales67sales$540k$645k to $750k: 28 sales$750k to $855k: 19 sales$750k$855k to $960k: 18 sales$960k to $1.06M: 7 sales$960k$1.06M to $1.17M: 6 salesMedian $594k

What the numbers say

As of September 14, 2026, Resideline is tracking 89 active listings and 8 pending sales in ZIP code 98516. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $555,000, while the median of the 238 closed sales Resideline tracked over the last six months was $594,000. 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 60 days.

Frequently asked questions

What is the median home price in 98516?

The median closed sale price in Lacey, WA 98516 was $594,000 over the last six months, based on 238 closed sales tracked by Resideline. The middle half of those sales ranged from $507,000 to $765,000.

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

Resideline is currently tracking 8 pending sales against 89 active listings in 98516, a pending-to-active ratio of 0.09. 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

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