Lake Stevens Housing Market Update | July 2026

The Lake Stevens Market Didn't Slow in July. It Split Into Multiple Markets.

By: Brandice Raybourn

The market insights in this report are based on NWMLS data analyzed by Brandice Raybourn. This report breaks down local housing activity by housing type and residential resale price range. While these trends help explain what is happening across the market, individual neighborhoods, properties, and price points can behave very differently. To see how these trends compare to your specific situation, use the market analysis request form included in this report.

Quick Take

After comparing my June and July Lake Stevens market reports side by side, one thing became very clear: the market didn't slow down. It split into multiple markets.

Homes priced below $950,000 continued to attract strong buyer activity, while inventory increased and pending activity slowed in the upper price ranges. At the same time, Lake Stevens recorded 16 cancelled listings and 7 expired listings during June, suggesting that sellers who missed buyer expectations found themselves facing a much different market than they may have anticipated.

Buyers are still out there. They're just becoming increasingly selective about where they're willing to compete.

Lake Stevens Whole City Overview

Compared to June, the overall Lake Stevens market actually became more active.

Active inventory increased from 207 homes to 224 homes, while pending sales rose from 77 to 91 and closed sales increased from 63 to 71 transactions. Despite the increase in inventory, median days on market only increased slightly from 11 to 13 days.

One number that initially stood out was the median sales price, which declined from $765,000 in June to $655,000 in July. However, this does not necessarily indicate that home values declined. Looking at the individual price segments, it appears that July simply had a larger concentration of lower-priced home sales compared to June.

The broader market remains active, but the composition of what is selling appears to be shifting.

Want my take on your specific situation in Lake Stevens? Request your personalized Lake Stevens Snapshot here

Lake Stevens New Construction

New construction experienced one of the biggest month-over-month shifts.

Inventory remained unchanged at 38 active homes, but pending sales increased significantly from 5 to 9 properties. Meanwhile, closed sales fell from 11 homes in June to just 2 in July.

The most surprising change may have been days on market, which fell dramatically from 125 days in June to just 22 days in July.

With only two closed sales, monthly fluctuations can become exaggerated, but the increase in pending activity suggests buyers may be returning to the new construction market after a slower spring.

Builders also remained relatively firm on pricing, receiving approximately 99.6% of their original asking prices.

If you’re even thinking about new construction, just make sure you’re going in with representation. Most builders pay for your buyer’s agent. So bring one with you on your first visit. If you don’t have one yet… call me 😉 425-367-3881

Want me to look at the numbers for your specific neighborhood?

I pull these NWMLS stats from Scratch every month because generic headlines miss the real story. If you're planning a move in King or Snohomish County in the next 90 days, drop your email and your neighborhood below. I'll personally look at your specific price point and email you the reality of your local market.

If you would rather just reach out directly, you can email me anytime. brandice@snohomesbybrandice.com

Lake Stevens Condos

The condo market strengthened considerably compared to June.

Active inventory remained relatively stable, declining slightly from 27 to 26 available units. Pending sales more than doubled from 6 to 13 properties, while closed sales remained healthy at 8 transactions.

The median sales price increased from $572,000 to $618,500. However, as with all median price data, this likely reflects the mix of units sold as much as actual appreciation.

After several months of relatively quiet activity, condo buyers appeared to return to the market in much greater numbers during June.

Lake Stevens Townhomes

Townhomes also showed signs of renewed activity.

Inventory increased from 11 to 16 active listings, pending sales rose from 5 to 7, and closed sales doubled from 2 to 4 transactions.

At the same time, sellers accepted approximately 1.8% less than their original asking prices compared to June's slight over-asking market for May. This suggests buyers may have gained some negotiating leverage despite increased activity.

Overall, townhomes appear to remain a healthy part of the market.

Residential Resale Market By Price Point

The following sections include residential resale data only.

Under $599,000

The entry-level market remained one of the strongest ranges in Lake Stevens.

Compared to June, active inventory increased only slightly from 5 to 6 homes, while closed sales jumped dramatically from 2 to 7 transactions.

Homes sold in a median of just 6 days, sellers received their full asking prices, and buyers viewed a median of only 5 homes before properties went pending.

The average sales price among homes sold in this category was approximately $520,000.

If there is one price point where buyers continue to compete aggressively, this appears to be it.

$600,000-$749,999

This continues to be the engine of the Lake Stevens market.

Inventory increased substantially from 29 to 38 active homes, yet pending sales remained unchanged at 19 properties and closed sales increased dramatically from 12 to 22 transactions.

Homes sold in a median of 24 days, sellers accepted approximately 1.2% below their original asking prices, and a median of 8 buyers walked these sold properties before making a purchase.

The average sales price among homes sold in this category was $647,475.

This price range accounted for nearly one-third of all residential resale closings during July.

$750,000-$949,999

This range currently represent the healthiest balance between buyers and sellers.

Compared to June, inventory increased modestly from 23 to 26 homes, pending sales remained unchanged at 13 properties, and closed sales increased slightly from 10 to 11 homes.

Homes sold in just 6 days, sellers generally received their full asking prices, and buyers viewed a median of 10 homes before purchasing.

The average sales price among sold homes was approximately $790,000.

Despite broader market headlines, this segment continues to perform remarkably well.

$950,000-$1.149M

The market above $950,000 continued to behave differently than lower price points.

Inventory remained unchanged at 11 homes, pending sales remained flat at 4 properties, and closed sales increased modestly from 2 to 4 transactions.

Sellers accepted approximately 1.6% below their original asking prices, while buyers viewed only a median of 4 homes before making purchasing decisions.

The average sales price among homes sold in this category was approximately $1,022,500.

This range remains active, but buyers continue to hold greater negotiating power than they do in lower price ranges.

$1.15M+

The luxury market experienced one of the largest shifts compared to my June report.

Inventory increased from 20 to 25 active homes, while pending sales dropped from 8 properties to just 4. Closed sales also declined from 6 to 4 homes.

What makes this segment particularly interesting is that the homes that did sell moved quickly and sold at their original asking prices.

The average sales price among homes sold was approximately $1,194,475.

However, compared to the rest of the Lake Stevens market, this remains one of the slowest-moving ranges. Active inventory increased from 20 to 25 homes, while pending sales were cut in half from 8 to just 4 properties. This suggests that luxury buyers remain active, but they have become increasingly selective about which homes justify their attention. Sellers in this price range are facing a very different market than those selling below $950,000.

A Statistic That Caught My Attention

One number that stood out while reviewing the July data wasn't actually a sale.

During June, Lake Stevens recorded 16 cancelled listings and 7 expired listings across multiple housing types and price ranges, ranging from a $430,000 condominium to a nearly $2 million residential resale property.

These properties never show up in traditional market summaries because they never successfully closed. However, they serve as an important reminder that today's market rewards proper pricing, preparation, presentation, and positioning more than it has in recent years.

Not every home is experiencing the same market.

Market Summary

After comparing June and July side by side, the Lake Stevens market appears to be becoming increasingly segmented.

Homes priced below $950,000 continue to attract strong buyer activity and relatively quick sales. Meanwhile, inventory is beginning to build in the upper price ranges, giving buyers more options and increasing the importance of pricing strategy.

The market itself doesn't appear to be slowing. Instead, it appears to be separating into several different markets depending on price point, property type, and buyer demand.

And that may be the most important takeaway from this month's report.

Apply This To Your Situation

Wondering how these numbers compare to your neighborhood, your home, or your buying plans?

Feel free to reach out. I'm always happy to help people understand how the market data applies to their specific situation.

Brandice Raybourn
Coldwell Banker Danforth
Real Estate Broker | Snohomish and North King County

brandice@snohomesbybrandice.com
425-367-3881

Relocating to Lake Stevens? Check out my community page here:
https://lakestevens.snohomesbybrandice.com/home

Recent Lake Stevens Market Reports

If you want to follow how the Lake Stevens market has been shifting over the last few months, here are the most recent updates:

Compare to Last Year: Lake Stevens Housing Market Report — July 2025

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If you want to compare Lake Stevens to nearby cities or browse more of my monthly market updates, you can find all of my reports here:

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