Lake Stevens Housing Market Report — March 2026

Quick Take:

And just like that, Lake Stevens is getting very interesting again.

We saw:

• Multiple homes selling over list price again
• A luxury rambler in North Lake Stevens close above asking
• Eight homes in the $600K–$749K range go pending over list
• Resale outperforming new construction
• Older winter inventory finally clearing

Context matters this month. A lot.

Let’s break it down.

Whole City Overview

When you zoom out and look at the entire Lake Stevens market, it does not scream aggressive seller’s market.

Homes are selling below list price overall. Inventory still looks like a healthy number. Days on market are just under a month to get under contract.

But here is the thing.

The citywide numbers are being pulled down by slower pockets. There are certain price ranges and property styles that are moving quickly and creating competition, while others are clearly lagging.

If you are a seller, this means you cannot price based on the city average alone.

If you are a buyer, it means you might feel pressure in one range and zero pressure in another.

Lake Stevens is not moving as one big unit right now. It is moving in pockets.

Lake Stevens Washington housing market overview for March 2026 showing 115 homes for sale, 76 under contract, 42 sold, 28 median days on market, 98.7 percent of original list price, and a median sales price of $695,000.

Source: NWMLS | Analysis by Brandice Raybourn

New Construction

New construction is still struggling compared to resale.

Even though days on market have improved slightly, builders are not outpacing resale homes in Lake Stevens. Buyers are clearly comparing value.

Right now, buyers are being selective. They are not just buying new because it is new. They are looking at location, layout, lot size, and overall value.

If you are considering new construction, do not assume it is take it or leave it. Incentives, credits, and terms still matter.

And remember, most builders pay for your buyer’s agent. Bring one with you on your first visit. If you don’t have one yet… call me 😉

Lake Stevens new construction housing market statistics for March 2026 showing 32 homes for sale, 11 under contract, 7 sold, 83 median days on market, 97.8 percent of original list price, and a median sales price of $940,900.

Source: NWMLS | Analysis by Brandice Raybourn

Condos

Inventory is limited for condos in Lake Stevens. Homes are moving relatively quickly. Sales prices are holding close to list.

This tells me buyers in this range are motivated and realistic. They know what entry-level options look like in Lake Stevens right now.

Buyers are cautious. HOA dues, special assessments, and lending requirements all factor into their decisions.

When condos are priced appropriately and the HOA is stable, they will move.

Lake Stevens condo market update for March 2026 showing 8 condos for sale, 9 under contract, 6 sold, 12 median days on market, 99.1 percent of original list price, and a median sales price of $622,500.

Source: NWMLS | Analysis by Brandice Raybourn

Townhomes

Townhomes have very limited inventory and are still moving slowly here. This is the second-highest days on market in Lake Stevens right now, next to new construction.

Buyers have options and are taking their time looking at everything.

If you are selling a townhome, pricing correctly from day one matters. Buyers are not rushing unless it truly stands out.

This could also tell us that the three townhomes that sold last month were on the market for a long time during the winter months. I will keep an eye on this in the coming months to see if the winter inventory is still clearing out here.

Lake Stevens townhouse market statistics for March 2026 showing 3 homes for sale, 7 under contract, 3 sold, 61 median days on market, 92.3 percent of original list price, and a median sales price of $600,000.

Source: NWMLS | Analysis by Brandice Raybourn

Residential Resale by Price Point

This is where things get juicy.

Under $599K

Very limited inventory for residential resale in Lake Stevens, with only five available properties.

Buyers here are serious and watching everything. When a well-priced home hits the market, it gets attention quickly.

Showings to pending suggest there are more buyers looking than there is inventory. Homes are moving in a reasonable timeframe. Sales prices are holding strong relative to list.

For sellers, this means condition and pricing still matter, but demand is there.

For buyers, you cannot assume you will have weeks to decide. The good ones move, and there is not much negotiation happening here, with sellers seeing exactly what they listed for.

Lake Stevens residential resale market under $599,000 for March 2026 showing 5 homes for sale, 10 under contract, 4 sold, 33 median days on market, 100 percent of original list price, and 13 median showings to pending.

Source: NWMLS | Analysis by Brandice Raybourn

$600K – $749K

This is the sweet spot in Lake Stevens right now.

Eight homes in this range went under contract over list price. Some by a few thousand. Some by over $20K. And when you map them out, they are clustered in the southwest region near 20th before Highway 9 and near Highway 92.

What does that tell us?

Buyers were scrambling.

When one went pending, they moved to the next. When that one went pending, they moved again. It created a domino effect.

A few of these were ramblers. And if you own an updated rambler in this range, you might be sitting on one of the most desirable properties in the city right now.

Now here is where context matters.

The median percent of original price in this range was pulled down by two homes that sold significantly below list — nearly 10 to 15 percent under. Without those two, the average would look even stronger.

This is why I never just look at the headline number. The story underneath is what actually matters.

For sellers in this range, pricing strategically could create competition.

For buyers, expect pressure if the home is updated and in the right pocket of town.

Lake Stevens residential resale homes priced between $600,000 and $749,000 for March 2026 showing 12 homes for sale, 15 under contract, 10 sold, 6 median days on market, 100.7 percent of original list price, and 12 median showings to pending.

Source: NWMLS | Analysis by Brandice Raybourn

$750K – $949K

Homes are sitting longer compared to the $600K–$749K range. But I do believe some of what we are seeing is older inventory finally finding buyers after the winter months.

It feels like the market is waking back up here, but cautiously.

Buyers in this range are more particular. They are comparing square footage, upgrades, and location more aggressively.

For sellers, this is not the range to overreach on price.

For buyers, there is more negotiating room here than in the sweet spot range below it, especially if you are looking at homes that have been on the market the longest.

Lake Stevens residential resale homes priced between $750,000 and $949,000 for March 2026 showing 10 homes for sale, 7 under contract, 5 sold, 59 median days on market, 96.3 percent of original list price, and 8 median showings to pending.

Source: NWMLS | Analysis by Brandice Raybourn

$950K – $1.149M

This range only had one sale last month.

And it sold over list.

It was a luxury rambler in North Lake Stevens near Lake Glenmore and the Lake Stevens Disc Golf Course on a nice-sized lot.

That tells us something important.

The right property in the right location with the right layout will still command strong pricing, even at higher price points.

But volume is thin here. One sale does not make a trend. It simply shows that buyers are still active for quality homes.

If you are selling in this range, presentation and positioning are everything!

Lake Stevens residential resale homes priced between $950,000 and $1.149 million for March 2026 showing 2 homes for sale, 1 under contract, 1 sold, 5 median days on market, 101.4 percent of original list price, and 2 median showings to pending.

Source: NWMLS | Analysis by Brandice Raybourn

$1.150M +

This range is well.. slow.

Days on market are much longer. Out of the two homes that sold last month, those sellers saw just under a 10% loss from the original list price. Showings to pending are higher.

Luxury buyers are patient. They negotiate. They take their time.

With only nine homes available and at least 11 buyers walking the two properties that sold, this pocket should be tightening up by now. Look closely at your pricing and your competition.

Buyers who can afford anything over this price point will mentally discount you for pain points that cannot be fixed. Keep that in mind. Take a strong, unbiased look at your property as if you were the one buying it.

Buyers — you can still get more for your money here than in nearby cities to the south.

Lake Stevens luxury residential resale homes priced above $1.150 million for March 2026 showing 9 homes for sale, 5 under contract, 2 sold, 97 median days on market, 89.8 percent of original list price, and 11 median showings to pending.

Source: NWMLS | Analysis by Brandice Raybourn

What This Month Really Feels Like

Lake Stevens feels like it is opening up for business again.

Winter inventory is clearing.

Buyers are stepping back in.

But it is not the same for all sellers.

Certain pockets are hot. Others are just warm. Some are still slow.

If you only look at the whole city average, it might look balanced. But once you zoom in, you see competition in specific ranges and softness in others.

And that is exactly why I publish these reports — to help buyers and sellers figure out where they fit.

Why I Publish These Reports

I do this every month because raw numbers alone do not tell you what it feels like on the ground.

I want you to understand what buyers are actually doing, how sellers are responding, and where leverage truly exists.

As a local Lake Stevens real estate broker, When I sit down with clients, we are not just looking at what sold.. We are looking at what went pending, what expired, what canceled, and what is still sitting. Every scenario has a strategy.

If you are buying and want to understand what your budget range actually feels like right now, let’s walk through it.

If you own a home in Lake Stevens and considering selling and want to understand how this market impacts your specific position, request your free personalized Snapshot here.

View nearby market reports:

Lynnwood Housing Market Update | March 2026

Bothell Housing Market Update | March 2026

Bellevue Housing Market Update March 2026

Everett Housing Market Update | March 2026

Snohomish Housing Market Update | March 2026

Marysville Washington Housing Market Update | March 2026

View Previous Lake Stevens Reports:

Lake Stevens Housing Market Update | February 2026

Lake Stevens Housing Market Update Whole City | January 2026

Lake Stevens Housing Market Update Whole City | December 2025