Lake Stevens Housing Market Update Whole City | December 2025

When you look at Lake Stevens as a whole, the market feels balanced but still active. The median sales price for the city landed right around 696K, which lines up with what buyers and sellers are experiencing on the ground. Homes are selling, but they are not flying off the shelf. Buyers are taking their time, and sellers need to price and present their homes realistically. With homes spending about a month on the market and selling just under full list price, this is a market that rewards preparation and strategy rather than urgency.

New construction

New Construction is one of the slower areas of the Lake Stevens market right now. With a median sales price just over 1.04M, buyers in this range are cautious and very comparison driven. Homes are taking longer to sell and are closing well below original list price. This tells us buyers are watching incentives closely and weighing new construction against resale options. Builders are competing with each other more than with the resale market, and buyers have leverage here.

Condos

Condos sit at a much lower median price point, around 510K, which keeps them relatively affordable for Lake Stevens. Even so, they are not moving quickly. Days on market are longer, and buyers are selective. Condos that are priced well and in good condition are selling, but this is not a fast-moving condo market. Sellers should expect a longer timeline and buyers have room to be patient.

Townhomes

Townhomes fall in between, with a median sales price around 555K. This price point attracts a lot of interest, but the experience varies significantly from one property to another. Layout, location, HOA dues, parking, and overall condition matter more than ever. Some townhomes move quickly, while others sit. This is a market where details make a difference.

Residential Resale Price Point

When you break the market down by residential resale price point, the behavior becomes much clearer.

under 599K

Homes under 599K remain one of the most competitive parts of the Lake Stevens market. There are very few options available in this range, which keeps buyers active and showings steady. Homes here tend to go pending faster, and sellers still have leverage when pricing is realistic and the home shows well.

600K to 749K range

The 600K to 749K range is one of the healthiest and most active ranges in Lake Stevens. Buyers feel comfortable here, inventory feels manageable, and homes are selling close to list price. This range offers a good balance of options, which is why so much buyer activity lives here.

750K to 949K range

The 750K to 949K range is one of the strongest parts of the market right now. Homes are selling quickly and in some cases slightly above list price. Buyers in this range tend to be decisive and prepared, and demand remains strong for well maintained homes in desirable neighborhoods.

950K to 1.149M range

Once you move into the 950K to 1.149M range, the pace slows. Inventory tightens, buyers become more selective, and homes take longer to sell even though they are still closing close to list price. Pricing correctly from the start is critical here, as buyers are comparing every option carefully.

1.150M and above

At 1.150M and above, the market is slower and more patient. Inventory is higher relative to demand, days on market stretch out, and buyers take their time. These buyers are not rushed and they are not emotional. Sellers in this range need strong presentation, realistic pricing, and a clear strategy from day one.

The Big Picture

The big takeaway for Lake Stevens is that price point matters more than ever. Some ranges are moving confidently and consistently, while others require patience and flexibility. Buyers have more breathing room than they did in past years, and sellers need to meet the market where it is today, not where it used to be.

If you are thinking about buying or selling in Lake Stevens, or even just trying to understand how this market applies to your specific price range, I’m always happy to talk it through. Every home and every situation is different, and the numbers only matter when you know how to apply them. This is the kind of conversation I have with clients every day so they can make informed decisions without feeling rushed.

Brandice Raybourn
Coldwell Banker Danforth Everett
Everett Real Estate Broker
brandice@snohomesbybrandice.com
425-367-3881

Relocating to Lake Stevens Washington? Check out my community page here: Moving to Lake Stevens, WA? Real Estate Insights with Brandice Raybourn

You do not need to time the market. You need to understand it.

This Lake Stevens housing market update reflects residential activity pulled specifically for the month of November 2025. This is not a rolling average and it is not year-to-date data. It is a snapshot of what actually happened in the Lake Stevens market last month.