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Lake Stevens Monthly Housing Report
Lake Stevens Housing Market Report
September 2026 | More Sales, Full Asking Price, and One Clear Trouble Spot
Quick Take
Lake Stevens Added Homes and Still Produced More Sales
Lake Stevens had 258 homes for sale in August, 27.7% more than one year earlier. Unlike several nearby cities, pending sales increased to 76 and closings rose to 67.
The citywide result was solid. Successful sales moved in 19 days, and the middle seller received full original asking. Only one active listing reduced its price and one listing expired during the final seven days.
The largest resale buyer pool was $600,000 to $749,999. That range produced 19 of the city's 44 resale closings, about 43% of all resale sales.
The higher ranges told a different story. Homes from $1.15 million to $1.35 million took 70 days, while the single sale above $1.35 million finished 9.4% below original asking.
What Happened Across Lake Stevens in August 2026?
These figures cover Lake Stevens property types reported by NWMLS and were refreshed September 2, 2026.
Whole-City Snapshot
Lake Stevens | August 2026
- Homes for sale
- 258 August 2025: 202 | 27.7% higher
- Went under contract
- 76 August 2025: 59 | 28.8% higher
- Closed sales
- 67 August 2025: 58 | 15.5% higher
- Time to contract*
- 19 days August 2025: 21 days | 2 days faster
- Original asking received*
- 100.0% August 2025: 98.1% | Sellers received full original asking price
- Median sales price
- $670,000 August 2025: $717,500 | 6.6% lower
Listings That Did Not Sell
28 Lake Stevens Listings Failed to Sell
Only one active listing reduced its price during the final seven days. There was still seller friction during the full month, but the final week was much quieter than the other cities reviewed.
How Did Lake Stevens Housing Types Perform?
Residential Resale
Lake Stevens | August 2026
- Homes for sale
- 126 August 2025: 84 | 50.0% higher
- Went under contract
- 50 August 2025: 38 | 31.6% higher
- Closed sales
- 44 August 2025: 35 | 25.7% higher
- Time to contract*
- 23 days August 2025: 20 days | 3 days slower
- Original asking received*
- 99.0% August 2025: 98.3% | Sellers received 1.0% less than original asking
- Median sales price
- $687,000 August 2025: $725,000 | 5.2% lower
Lake Stevens Residential Resale Summary for August 2026
Resale had 126 homes for sale, but buyer activity grew with the supply. Pending sales increased to 50 and closings rose to 44. Successful homes took 23 days, needed about nine showings, and the middle seller received 1.0% less than original asking, better than last August.
New Construction
Lake Stevens | August 2026
- Homes for sale
- 41 August 2025: 53 | 22.6% lower
- Went under contract
- 4 August 2025: 6 | 33.3% lower
- Closed sales
- 8 August 2025: 7 | 14.3% higher
- Time to contract*
- 0 days August 2025: 20 days | 20 days faster
- Original asking received*
- 100.0% August 2025: 97.8% | Sellers received full original asking price
- Median sales price
- $776,248 August 2025: $1,099,995 | 29.4% lower
Lake Stevens New Construction Summary for August 2026
The eight new homes that closed produced an unusually strong result: zero median days and full original asking. This needs context because only four homes went pending and the much lower median price reflects which eight homes closed. It was a strong successful-sale result, not proof that every new home moved immediately.
Condominiums
Lake Stevens | August 2026
- Homes for sale
- 24 August 2025: 16 | 50.0% higher
- Went under contract
- 11 August 2025: 7 | 57.1% higher
- Closed sales
- 8 August 2025: 5 | 60.0% higher
- Time to contract*
- 37 days August 2025: 34 days | 3 days slower
- Original asking received*
- 96.8% August 2025: 97.9% | Sellers received 3.2% less than original asking
- Median sales price
- $553,500 August 2025: $500,000 | 10.7% higher
Lake Stevens Condominiums Summary for August 2026
Condo activity improved, with 11 pendings and eight closings. However, successful sales took 37 days and the middle seller received 3.2% less than original asking. Buyers were active, but the 24 available condos still gave them room to negotiate.
Townhomes
Lake Stevens | August 2026
- Homes for sale
- 8 August 2025: 6 | 33.3% higher
- Went under contract
- 5 August 2025: 2 | 150.0% higher
- Closed sales
- 5 August 2025: 3 | 66.7% higher
- Time to contract*
- 36 days August 2025: 36 days | unchanged
- Original asking received*
- 95.7% August 2025: 93.1% | Sellers received 4.3% less than original asking
- Median sales price
- $450,000 August 2025: $554,000 | 18.8% lower
Lake Stevens Townhomes Summary for August 2026
Townhome activity increased from a small base, with five pendings and five closings. Successful sales still took 36 days and sellers received 4.3% less than original asking. Five typical showings were far better than last August, but price remained important.
How Did Lake Stevens Residential Resale Price Ranges Perform?
Under $600K
Lake Stevens | August 2026
- Homes for sale
- 10 August 2025: 8 | 25.0% higher
- Went under contract
- 11 August 2025: 5 | 120.0% higher
- Closed sales
- 7 August 2025: 8 | 12.5% lower
- Time to contract*
- 25 days August 2025: 15 days | 10 days slower
- Original asking received*
- 95.2% August 2025: 96.2% | Sellers received 4.8% less than original asking
- Median sales price
- $573,000 August 2025: $560,000 | 2.3% higher
Lake Stevens Under $600K Summary for August 2026
Affordable resale demand increased, with 11 pendings compared with five last August. Seven homes closed, successful sales took 25 days, and sellers received 4.8% less than original asking. Buyers were present, but they still negotiated hard.
$600K to $749K
Lake Stevens | August 2026
- Homes for sale
- 44 August 2025: 21 | 109.5% higher
- Went under contract
- 16 August 2025: 12 | 33.3% higher
- Closed sales
- 19 August 2025: 11 | 72.7% higher
- Time to contract*
- 19 days August 2025: 17 days | 2 days slower
- Original asking received*
- 99.2% August 2025: 98.8% | Sellers received 0.8% less than original asking
- Median sales price
- $640,000 August 2025: $695,000 | 7.9% lower
Lake Stevens $600K to $749K Summary for August 2026
This was Lake Stevens' largest resale buyer pool. Nineteen of the 44 resale closings landed here, about 43% of the total. Inventory more than doubled and pendings increased to 16, while successful sellers received 0.8% less than original asking after about 10 showings.
$750K to $949K
Lake Stevens | August 2026
- Homes for sale
- 34 August 2025: 21 | 61.9% higher
- Went under contract
- 12 August 2025: 14 | 14.3% lower
- Closed sales
- 10 August 2025: 7 | 42.9% higher
- Time to contract*
- 36 days August 2025: 21 days | 15 days slower
- Original asking received*
- 99.4% August 2025: 98.1% | Sellers received 0.6% less than original asking
- Median sales price
- $806,250 August 2025: $823,000 | 2.0% lower
Lake Stevens $750K to $949K Summary for August 2026
Inventory increased to 34 homes and closings improved to 10, but pending sales slipped and successful homes took 36 days. Sellers received 0.6% less than original asking, so good outcomes were possible, but buyers took longer to commit.
$950K to $1.149M
Lake Stevens | August 2026
- Homes for sale
- 10 August 2025: 15 | 33.3% lower
- Went under contract
- 6 August 2025: 3 | 100.0% higher
- Closed sales
- 4 August 2025: 2 | 100.0% higher
- Time to contract*
- 4 days August 2025: 18 days | 14 days faster
- Original asking received*
- 101.4% August 2025: 100.3% | Sellers received 1.4% more than original asking
- Median sales price
- $1,052,000 August 2025: $1,022,500 | 2.9% higher
Lake Stevens $950K to $1.149M Summary for August 2026
This small group produced a strong result. Four homes closed in four days, and the middle seller received 1.4% more than original asking. Pendings doubled to six, but four closings are still too few to assume every home in this range would perform the same way.
$1.15M to $1.349M
Lake Stevens | August 2026
- Homes for sale
- 14 August 2025: 10 | 40.0% higher
- Went under contract
- 3 August 2025: 2 | 50.0% higher
- Closed sales
- 3 August 2025: 4 | 25.0% lower
- Time to contract*
- 70 days August 2025: 44 days | 26 days slower
- Original asking received*
- 94.6% August 2025: 99.1% | Sellers received 5.4% less than original asking
- Median sales price
- $1,299,000 August 2025: $1,209,500 | 7.4% higher
Lake Stevens $1.15M to $1.349M Summary for August 2026
This was the clearest trouble spot. Fourteen homes were for sale, only three went pending, and three closed. Successful sales took 70 days and the middle seller received 5.4% less than original asking after about six buyer showings.
$1.35M or More
Lake Stevens | August 2026
- Homes for sale
- 14 August 2025: 9 | 55.6% higher
- Went under contract
- 2 August 2025: 2 | unchanged
- Closed sales
- 1 August 2025: 3 | 66.7% lower
- Time to contract*
- 4 days August 2025: 29 days | 25 days faster
- Original asking received*
- 90.6% August 2025: 93.3% | Sellers received 9.4% less than original asking
- Median sales price
- $2,400,000 August 2025: $1,485,000 | 61.6% higher
Lake Stevens $1.35M or More Summary for August 2026
Only one home closed, so its four-day market time, $2.4 million price, and 9.4% negotiation describe one property, not the whole luxury range. Fourteen homes were available and only two went pending, which shows how small the buyer pool was.
Where Buyers Paid a Premium
Some Stellar Lake Stevens Sales in August
Among the 66 August sales reviewed, 48 sold at or above their final list price and 16 sold above it. Twenty-six sold in seven days or less, while 27 took at least 30 days. Lake Stevens produced more successful sales, but the winning homes still stood apart from those that needed extra time.
- Cavalero: a home listed at $700,000 closed at $717,500, about 2.5% above list after four days.
- Lochsloy: a home listed at $600,000 closed at $610,000, about 1.7% above list after 10 days.
Other above-list sales appeared throughout Lake Stevens, including homes near $400,000, $600,000, $775,000, $925,000, and $1.1 million. This does not mean every home received a premium, but competition was not limited to one price point.
What Else Stood Out?
Twenty-eight of the 66 sales reduced their price before closing, and 18 sold below their final list price. Even in a month with stronger overall activity, pricing mistakes still needed to be corrected.
Questions Raised by the Data
What Does Lake Stevens' August Market Mean?
Was Lake Stevens stronger than the other markets reviewed?
Its August direction was stronger. Inventory increased, but pending sales and closings also increased, successful sales moved faster, and the middle seller received full original asking. That does not mean every price range was easy.
Where was the largest resale buyer pool?
The $600,000 to $749,999 range produced 19 of Lake Stevens' 44 resale closings, about 43% of the total. It also had 16 pending sales, the highest number of any resale range.
Where did sellers face the most pressure?
The $1.15 million to $1.35 million range took 70 days and sellers received 5.4% less than original asking. The range above $1.35 million had only one closing, which finished 9.4% below original asking.
Why were there so few recent price reductions?
Only one active listing reduced its price in the final seven days, while just one expired. The stronger pending and closing totals help explain the quieter week, but the full-month record still included 28 failed listings and 28 sold homes that reduced before closing.
Lake Stevens Market Conclusion
What Defined Lake Stevens in August 2026?
Lake Stevens added inventory and still converted more buyers into pending and closed sales.
The city had 258 homes for sale, 27.7% more than last August. Pending sales increased to 76 and closings rose to 67. Successful sales moved in 19 days, needed about eight buyer showings, and the middle seller received full original asking.
Twenty-eight listings failed to sell, including 19 canceled and nine expired listings. Only one listing expired and one active listing reduced its price in the final seven days, making the end of August unusually quiet compared with the other cities reviewed.
Residential resale was healthy, with 50 pendings and 44 closings. The eight new-construction closings produced zero median days and full asking, but only four homes went pending, so the result needs context. Condo and townhome activity improved, although successful sales in both segments still took more than a month and finished below original asking.
Under $600,000 drew more pending buyers, but sellers still gave up 4.8% from original asking. The $600,000 to $749,999 range was the largest resale pool, producing 19 closings and 16 pendings. From $750,000 to $949,999, closings improved but successful sales took 36 days. The $950,000 to $1.15 million range produced strong results from only four closings. From $1.15 million to $1.35 million, sales took 70 days and sellers received 5.4% less than asking. Above $1.35 million, only one home closed and it finished 9.4% below original asking.
Cavalero and Lochsloy produced above-list sales, and additional premiums appeared at several different price points. At the same time, 28 of the 66 sales reviewed reduced their price before closing and 27 took at least 30 days.
What This Means for Buyers
Lake Stevens had active competition, especially from $600,000 to $749,999, but condos, townhomes, and homes above $1.15 million offered more negotiating room.
What This Means for Sellers
The overall market produced better sales activity, but results still depended heavily on price. Strong citywide numbers did not protect an overpriced home in a slower range.
What I Am Watching Going Into September
I am watching whether the strong $600,000 to $749,999 buyer pool continues, whether the quick new-construction closings turn into more pending sales, and whether sellers above $1.15 million adjust to the smaller buyer pool.
If I had to sum up Lake Stevens in one sentence: more buyers followed through here, but the market changed quickly once prices moved above $1.15 million.
Interest Rates
Mortgage Rates When I Prepared This Report
Rates were still in the mid-6% range as August ended. Monthly payment remained important, which helps explain why Lake Stevens' largest resale buyer pool stayed below $750,000.
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Lake Stevens Whole-City Snapshot Summary for August 2026
Lake Stevens added inventory and still produced more buyer activity. Pending sales increased to 76 and closings rose to 67. Successful sales moved in 19 days, needed about eight buyer showings, and the middle seller received full original asking. The lower median price reflects the mix of homes that sold, not a lack of buyers.