Lake Stevens Housing Market Update

January 2026

This Lake Stevens housing market update reflects December 2025 activity. Lake Stevens slowed in December, which is normal for this time of year, but the data clearly shows a market that behaves very differently depending on price point. Some homes are still moving efficiently. Others are sitting longer. And the difference almost always comes down to price range, housing type, and how a home compares to its competition.

That is exactly why looking at the full breakdown matters.

This report breaks Lake Stevens down by housing type, including condos, townhomes, and new construction, and then further by residential resale price points from under $599K through $1.150M and above. It shows where homes are moving, where activity is slowing, and how buyers and sellers are responding right now. I use this same reporting to advise clients on what is actually happening in their slice of the market and to help guide pricing, timing, and strategy.

📊 Want the neighborhood-level breakdown for Lake Stevens?
This report covers the whole city, but if you're looking at specific areas around the lake, North Cove, or the Highway 9 corridor, the numbers can look very different. I've mapped out inventory levels, average days on market, and price trends by subdivision.

Email me for the neighborhood breakdown →
(I'll send it over same day or next day.)

Lake Stevens Whole City Snapshot

Across Lake Stevens, activity slowed in December. Inventory continued to build, buyer urgency cooled, and homes took longer to go under contract compared to November. Sellers are no longer automatically getting above list price, and pricing accuracy matters more than it did earlier in the fall.

Overall, this is a mixed market. Some price ranges are still moving efficiently, while others are clearly slower and more buyer selective. Looking at citywide averages alone does not tell the full story, which is why breaking this down by price point is so important.

New Construction

New construction in Lake Stevens continues to lean more toward a builder advantage. The average price to buy new construction in Lake Stevens has risen to about 1.1M.

New construction is competing with resale, but it is not replacing it. Buyers are still choosing established neighborhoods, lots, and locations when the value makes sense.

Buyers are weighing value, not chasing hype.

Condos and Townhomes

Condos and townhomes remain active but are very unit specific. These homes tend to move faster when pricing and HOA costs align with buyer expectations. Layout, parking, and location matter more than ever, and buyers are quick to pass on anything that feels overpriced for what it offers.

Price Point Breakdown

Residential Resale Only

Price Point Breakdown Residential Resale Only 

This is where the Lake Stevens market really separates.

Under $599K

Inventory remains limited in this range, which continues to support buyer competition when a well-priced home hits the market. Homes here tend to move faster than most other price points, averaging 12 days on market for sold properties, but buyers are still cautious and very selective.

The inventory currently available is a mixed bag. The days on market number reflects sold homes only, not every listing. If a property only appeals to a small percentage of buyers and is not desirable to a wider audience, it is likely going to take longer for the right buyer to show up. Patience matters here.

In the last 7 days, there have been 3 price reductions in this range. In the last 30 days, there have been 6 canceled listings, 2 expired listings, and 1 temporarily off the market for residential resale under $599K.

$600K to $749K

Most Active Price Range in December 2025

This was the strongest price range in Lake Stevens for December.

Homes in this range went under contract in less than two weeks, and sellers achieved 100% of their original list price. Even with the seasonal slowdown, buyer demand here stayed consistent based on NWMLS data.

What I find interesting is that when you zoom out, there were 6 expired listings in the last 30 days, with 4 of those occurring in the last 7 days, along with 1 canceled listing. These stats do not always tell the full story on their own, which is why it is important to understand where you stand and what your competition looks like before going live. Strategy and positioning still matter.

This range includes mostly single-family detached homes in decent to good condition, along with some newer construction. Buyers feel comfortable here, pricing feels reasonable, and homes that are well positioned are still moving efficiently.

$750K to $949K

Activity begins to slow in this range. Buyers are more selective, days on market increase, and homes are less likely to receive immediate offers. The average sold home in this range took about 51 days to go under contract.

There have been 2 expired listings in the last 30 days, and in the last 7 days there have been 4 price reductions. If you are selling in this range, looking closely at your competition is critical. This may be part of your strategy, and for some sellers, a reality check.

Inventory includes a mix of updated resale homes and newer construction, often on larger lots or in desirable locations. These homes still sell, but pricing and presentation matter more, and sellers need to be realistic.

$950K to $1.149M

Inventory is slim in this range, and buyer pools are smaller. Homes tend to take longer to sell, and buyers compare options carefully.

This range is interesting because inventory is very low, which is usually a good thing for sellers. However, with an average of 89 days on market, and only 1 home under contract and 1 sold in December, it was a very slow month for this price range.

What stands out is the median showings to pending of 14. That means buyers are walking these properties, but they may not be seeing enough value to move forward with offers. There have been no expired listings or price reductions in the last 7 days for this range.

Available inventory is typically either very well-maintained larger homes on nice-sized lots or brand-new construction. There is not much in between, which makes each listing feel more unique, but also more scrutinized by buyers.

$1.150M and Up

This is a niche, property-driven market.

This can be a good place for sellers with highly desirable luxury homes in Lake Stevens. For December, this range actually looks fairly strong, with sellers receiving 99.9% of their original list price.

That said, days on market are higher overall. Highly desirable homes, especially waterfront properties or homes with views, tend to move quickly and sometimes sell over list price, which can make the numbers look stronger than the typical experience.

If you are selling above $1.150M in Lake Stevens and your home is not on the water or does not offer something highly desirable, you will likely be sitting longer right now. In the last 7 days, 3 listings expired in this price range.

Inventory includes brand new construction, sprawling estate homes, waterfront properties, and a small number of homes in Frontier Airpark with air rights and runway access. Buyers in this range are informed, selective, and rarely rushed.

When a home fits a specific lifestyle or need, it moves and holds value. When it does not, it can sit for longer periods. Patience and strategy matter most here.

What This Means Right Now

December confirmed that Lake Stevens is not one market. It is multiple markets behaving very differently depending on price point.

Buyers have more time and more choice in many ranges, while sellers in the most active price points still see strong results when pricing and condition align. Understanding where your home fits matters far more than timing the market.

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

Thinking About Buying or Selling in Lake Stevens?

This is the same way I approach strategy sessions and market reviews with buyers and sellers I work with. If you want to talk through how your specific price range is behaving right now, I’m always happy to walk through the numbers with you.

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

If you are thinking about relocating to Lake Stevens, check out my community page here: Moving to Lake Stevens, WA? Real Estate Insights with Brandice Raybourn