Is Lakebay, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lakebay has remained a Seller's Market.
Housing Prices in Lakebay, WA
How much do homes in Lakebay, WA cost?
Median Sold Price
$410,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lakebay was $410,000 in May 2024, up 2% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $249K | -31.8% |
2 Bedrooms | $342.5K | $385K | +12.4% |
3 Bedrooms | $407K | $418K | +2.7% |
4 Bedrooms | $521.7K | $677.5K | +29.9% |
5+ Bedrooms | $769.9K | $625K | -18.8% |
Summary: Lakebay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
Lakebay | $402K | $410K | +2.0% |
Key Peninsula-Anderson Island | $470K | $465K | -1.1% |
Vaughn | $696.5K | $565K | -18.9% |
Housing Supply in Lakebay, WA
How many homes are available in Lakebay, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Summary: The Lakebay real estate market had 38 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lakebay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lakebay in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for Lakebay, WA
How long does it take to sell a home in Lakebay, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 43 Days | +5.0% |
Summary: Homes in Lakebay had an average of 43 days on market in May 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Lakebay; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.