Lake Stevens Housing Market Update | February 2026

By: Brandice Raybourn

This Lake Stevens housing market update reflects January 2026 activity only. January continued the slower, more selective pace we saw at the end of last year. This is not a sudden shift in fundamentals. It is a market where buyers are active but cautious, inventory remains elevated, and pricing accuracy matters more than speed.

Lake Stevens is not behaving like one single market right now. Buyer behavior changes significantly depending on housing type and price point, which is why a full breakdown matters.

Lake Stevens Whole City Snapshot

Across Lake Stevens, there are 129 homes currently for sale, with 49 under contract and 23 closed sales in January. Homes are taking longer to sell, with a median of 38 days on market, and sellers are averaging 95.5% of original list price.

This tells us the market is slower and more price sensitive than it was late last year. Buyers are no longer rushing, and sellers cannot rely on momentum alone. Strategy, condition, and positioning now play a much larger role.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

New Construction

New construction continues to carry inventory in Lake Stevens, with 33 homes for sale, 11 under contract, and just 3 sold in January. Homes are sitting much longer here, with a average of 119 days on market, and sellers are averaging 92.8% of original list price. The median sales price is $955,000.

Builders are competing with resale homes, often through pricing adjustments and incentives. However, new construction is not replacing resale demand. Buyers are still choosing established neighborhoods, larger lots, and location-driven properties when the value makes sense.

Buyers are weighing value, not chasing hype.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

Condos

The condo market remains small but active. There are 11 condos for sale, 5 under contract, and 6 sold. Homes averaged 34 days on market, selling at 97.9% of list price, with a median sales price of $522,500.

This is a very unit-specific market. Layout, parking, HOA costs, and location matter more than ever. When those align with pricing, buyers move. When they do not, buyers pass quickly.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

Townhomes

Townhome inventory remains limited, with 6 homes for sale, 4 under contract, and 3 sold. Homes are averaging 26 days on market and selling at 91.9% of list price, with a median sales price of $510,000.

Townhomes are moving when priced correctly, but buyers are cautious. Small shifts in price or condition can significantly affect how long a home sits.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

Residential Resale Price Point Breakdown

Residential resale data only

This is where Lake Stevens clearly separates into very different experiences.

Under $599K

There are 10 homes for sale, 8 under contract, and 6 sold in this range. Homes are averaging 67 days on market and selling at 93.7% of list price, with 10 median showings to pending.

Demand exists, but buyers are selective. Inventory is limited, yet not everything is moving quickly. The days on market reflect sold homes only. Properties that appeal to a narrow buyer pool can take much longer to sell, even in this price range.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

$600K to $749K

This range continues to show high buyer engagement, with 17 homes for sale, 11 under contract, and 2 sold. Homes are averaging 109 days on market, selling at 99.2% of list price, with 17 median showings to pending.

This tells us buyers are active, touring homes, and comparing options carefully. Decisions are slower, and sellers need to be very precise with pricing and presentation. Engagement is strong, but urgency is not.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

$750K to $949K

There are 14 homes for sale, 6 under contract, and 4 sold. Homes are averaging 109 days on market and selling at 92.4% of list price, with 17 median showings to pending.

Buyers are looking, but they are cautious and deliberate. This range requires realistic pricing and strong positioning. Homes sell with strategy, not momentum. Sellers are going to have to be patient here and be ready for a long run.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

$950K to $1.149M

Inventory is very limited here, with 3 homes for sale, 3 under contract, and 1 sold. Homes averaged 33 days on market, selling at 89.6% of list price, with 3 median showings to pending.

With such a small data set, each listing is heavily scrutinized. Low inventory does not automatically translate to leverage. Value and pricing matter significantly in this range.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

$1.150M and Above

At the top of the market, there are 12 homes for sale, 4 under contract, and 1 sold. Homes averaged 11 days on market, selling at 97.6% of list price, with 5 median showings to pending.

This is a niche, lifestyle-driven market. Waterfront homes, views, acreage, and unique features matter far more than averages. Desirable properties can still move quickly, while others may sit longer depending on how they compare to competing listings.

Source: NWMLS | Analysis by Brandice Raybourn Real Estate Broker

What This Means Right Now

Lake Stevens is not one market. It is multiple markets moving at different speeds.

Buyers have more time, more options, and more leverage in many ranges. Sellers can still achieve strong results, but only when pricing, condition, and positioning align with current buyer expectations.

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 data and approach I use when advising clients on pricing, timing, and strategy. If you want to talk through how your specific price range is behaving right now, I’m always happy to walk through the numbers.

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

If you want these market updates sent straight to your inbox each month, you can sign up to receive my Lake Stevens market reports by email. I send the same data-driven breakdowns you see here so you can stay informed without having to hunt for them. Get Market Report to your email

If you are thinking about relocating to Lake Stevens, you can explore neighborhood insights and local resources here:
https://lakestevens.snohomesbybrandice.com/