Lakewood Real Estate Market
Lakewood Housing Market Report
Lakewood runs on two markets at once: a base-driven mainstream market powered by Joint Base Lewis-McChord next door, and a scarce lake-waterfront market around Gravelly Lake and American Lake that prices like nothing else in the South Sound. Knowing which market a property actually belongs to is the first step in every Lakewood decision.
Page author
Adriano Tori
Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660
Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,241 five-star Google reviews.
As of September 2026, the median listing price in Lakewood is $525K ($280 per square foot), and homes are averaging 68 days on market.
Stats updated September 2026· refreshed monthly and reviewed by RexMont's brokerage team.
By property type
The headline figures above blend every active residential listing in Lakewood. Single-family, condo, and townhouse markets move differently, so the breakdown below is what to quote when comparing one property type across cities.
| Property type | Median list price | Price / sq ft | Days on market | Active listings |
|---|---|---|---|---|
| Single-family | $575K | $283 | 64 | 80 |
| Condo | $350K | $303 | 88 | 15 |
Active listings is the sample size behind each row. Same source and refresh date as the headline figures.
Methodology & data sources
Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in Lakewood, WA, sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. Figures refresh the first week of every month (current data: September 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.
Journalists: monthly figures for 47 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.
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Is it a good time to sell in Lakewood? The numbers above are the market. Your number is your home.
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Market context
What shapes Lakewood's market.
Joint Base Lewis-McChord is the structural demand engine. The base borders Lakewood directly, and its military and civilian workforce feeds both the purchase market — heavily VA-financed — and one of the South Sound's deepest rental pools. Rotation cycles create a rhythm of arrivals and departures that keeps transaction volume flowing in segments where other suburbs go quiet.
The lakes are the other Lakewood. Gravelly Lake, American Lake, Steilacoom Lake, and Lake Louise give the city a waterfront and estate market with deep history — grand older properties near Lakewold Gardens, mid-century lakefront, and near-lake neighborhoods that trade on setting and privacy. This inventory is scarce, rarely turns over, and prices on frontage and condition rather than citywide comps.
Clover Park School District serves the city and is closely tied to the JBLM community, with a significant share of military-family students. Between the district, the base, and anchors like Western State Hospital, St. Clare Hospital, and Clover Park Technical College, Lakewood's employment base is more institutional than most Pierce County suburbs — a stabilizer through economic cycles.
Regionally, Lakewood is one of the South Sound's clearest value positions: I-5 frontage between Tacoma and JBLM, a short drive to Tacoma's amenities, and entry pricing below King County by a wide margin. Relocation buyers and investors comparing south-sound value against King County prices consistently land here for the rental fundamentals alone.
Coverage
Service area at a glance
RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.
Bellevue, WA
ZIPs: 98004 · 98005 · 98006 · 98007 · 98008
Schools: Bellevue SD
Medina, WA
ZIP: 98039
Schools: Bellevue SD
Clyde Hill, WA
ZIP: 98004
Schools: Bellevue SD
Mercer Island, WA
ZIP: 98040
Schools: Mercer Island SD
Kirkland, WA
ZIPs: 98033 · 98034
Schools: Lake Washington SD
Redmond, WA
ZIPs: 98052 · 98053
Schools: Lake Washington SD
Sammamish, WA
ZIPs: 98074 · 98075
Schools: Lake Washington / Issaquah SD
Issaquah, WA
ZIPs: 98027 · 98029
Schools: Issaquah SD
Newcastle, WA
ZIPs: 98056 · 98059
Schools: Renton SD
Woodinville, WA
ZIPs: 98072 · 98077
Schools: Northshore SD
Kenmore, WA
ZIP: 98028
Schools: Northshore SD
Seattle, WA
ZIPs: 98101 · 98109 · 98112 · 98115 · 98118
Schools: Seattle Public Schools
Buying in Lakewood
Lakewood buyers should identify which of the city's two markets they're shopping — base-driven mainstream neighborhoods or the scarce lake districts — because comps, competition, and financing patterns differ completely. RexMont guides relocation buyers, VA purchasers, and investors through both, with the cross-county view that makes Lakewood's value case concrete.
Talk to a Lakewood buyer agentSelling in Lakewood
Lakewood sellers win by matching the marketing to the buyer pool — VA-ready presentation for base-driven segments, estate positioning for lake properties. RexMont prices Lakewood listings from the correct comp set and puts them in front of the relocation and investor audiences most local marketing misses.
Get your Lakewood home valueLive NWMLS data
Active homes for sale in Lakewood
The latest active NWMLS listings in Lakewood, refreshed hourly.
- Median price
- $525K
- Median $/sqft
- $280
- Avg days on market
- 68
- Listings for sale
- 216+
ActiveNew today$420,000
MLS# 25844768105 Fairway Drive Sw
Lakewood, WA 98498
3 bd1 ba946 sqftListing courtesy of Skyline Properties, Inc.
ActiveNew today$339,000
MLS# 25844585205 Solberg Drive Sw #a
Lakewood, WA 98499
2 bd2.25 baListing courtesy of Redfin
ActiveNew today$420,000
MLS# 25834129006 Lawndale Avenue Sw
Lakewood, WA 98498
2 bd1 ba756 sqftListing courtesy of Every Door Real Estate
ActiveNew today$410,000
MLS# 258137110224 Lila Lane Sw
Lakewood, WA 98499
2 bd1 ba1,008 sqftListing courtesy of Morrison House Sotheby's Intl
Active2 days on market$940,000
MLS# 258333812930 Pacific Highway Sw
Lakewood, WA 98499
0 bd0 baListing courtesy of Kidder Mathews
Active1 day on market$575,000
MLS# 25825557209 Topaz Court Sw
Lakewood, WA 98498
3 bd1.75 ba2,646 sqftListing courtesy of COMPASS
Showing the 6 newest of 216 active homes for sale in Lakewood, pulled directly from NWMLS and refreshed hourly. See all 216 Lakewood homes for sale, each with photos, price history, and a per-listing mortgage estimate.
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Lakewood; current listings and individual neighborhoods may vary.
Search all Lakewood listings →Related markets
Compare Lakewood to nearby markets.
Pierce County Market
The county-wide view — how Lakewood's base-driven market fits among Tacoma, the valley, and the peninsula.
Tacoma Market
The anchor city next door — historic districts, port employment, and urban amenities.
Gig Harbor Market
Saltwater instead of lakes — the peninsula's premium maritime village across the Narrows.
Puyallup Market
The valley alternative — Sounder rail to Seattle and South Hill's newer construction.
Seattle Market
The King County benchmark — see what Lakewood budgets buy in the city.
Pacific Northwest Overview
The regional picture — where JBLM-corridor markets fit in the broader Northwest.
FAQ
Questions buyers and sellers ask first.
Is Lakewood a buyer's or seller's market?
Lakewood splits sharply by segment. Waterfront and near-lake homes around Gravelly Lake and American Lake are scarce and hold competitive interest, while much of the city's mid-century inventory gives buyers more selection and room to negotiate. JBLM's rotation cycles also add a rhythm to demand that most markets don't have.
How does JBLM affect the Lakewood housing market?
Joint Base Lewis-McChord borders Lakewood and is the market's defining demand engine — military households buying with VA financing, civilian base employees, and a deep rental pool serving each rotation cycle. For sellers that means a steady, replenishing buyer base; for investors it means durable rental demand tied to the base rather than a single private employer.
What makes the Gravelly Lake and American Lake areas different?
These are Lakewood's estate and waterfront districts — homes on and around Gravelly Lake, American Lake, and Lakewood's other lakes, including some of the South Sound's grand older properties near the historic Lakewold Gardens. Lakefront and near-lake homes price on frontage, privacy, and setting, a completely different comp set from the rest of the city.
What should families know about the Clover Park School District?
Clover Park School District serves Lakewood and works closely with the JBLM community — a significant share of its students come from military families. Buyers should tour schools and review current programs directly, as the district's offerings vary meaningfully by school and neighborhood assignment.
How current is the market data on this page?
Stats refresh monthly from regional market data and are reviewed by RexMont's brokerage team. Live listing stats on this page come from active NWMLS listings, so the numbers reflect current on-market inventory.
How does RexMont represent Lakewood buyers and sellers?
RexMont's core markets are King County, and we represent Pierce County clients regionally — strongest for relocation and investment buyers comparing Lakewood's value and rental fundamentals against King County pricing. That analysis comes backed by 1,241 Google 5-star reviews and $1B+ in closed production.
Two markets, one city — bring the right comps.
Whether it's a VA purchase near the base or a Gravelly Lake estate, Lakewood rewards representation that knows which market it's actually pricing. RexMont brings 1,241 Google 5-star reviews, $1B+ in closed production, and 1,200+ transactions to every Lakewood engagement.
Talk to a Lakewood real estate expert