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LAKEBAY, WA 98349

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The LAKEBAY, WA real estate market (98349) currently shows 29 active listings, with 5 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 56 days on market compared to 58 days last year.

The median listing price has fallen 20.8% year-over-year, from $699,000 to $553,500.

Whether you are buying or selling in LAKEBAY, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 5,050  ·  Density: 94.4/mi²  ·  Median household income: $90,000

Typical home value: $330,078  ·  Homeownership: 85.6%

Market Overview

Active Listings
29
⇧ 31.8% vs 22 last year
Pending
5
17% pending ratio
Median Price
$553,500
⇩ 20.8% vs $699,000 last year
Average Price
$861,942
⇩ 1.1% vs $871,459 last year
Days on Market
56
⇩ 3.4% vs 58 days last year

Price Per Square Foot

Median $/sqft
$322
⇩ 20.3% vs $404/sqft last year
Median Home Size
1,792 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 22 last year
  • Days on market: 56 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $553,500 (-20.8% YoY)
  • Average: $861,942 (-1.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.3 miles — 544 listings ($488,421,164 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98349Lakebay, WA 983490.0 mi27$25,785,351$590,500$955,013
98351Longbranch, WA 983514.3 mi7$10,604,650$875,000$1,514,950
98333Fox Island, WA 983337.1 mi17$29,405,988$1,247,000$1,729,764
98524Allyn, WA 985247.8 mi25$20,056,150$495,000$802,246
98546Grapeview, WA 985468.1 mi8$6,699,000$862,500$837,375
98332Gig Harbor, WA 9833210.7 mi75$119,938,425$1,042,475$1,599,179
98466Tacoma, WA 9846611.5 mi45$29,682,225$628,475$659,605
98516Olympia, WA 9851611.7 mi99$71,395,038$608,075$721,162
98407Tacoma, WA 9840712.4 mi59$48,959,026$695,425$829,814
98406Tacoma, WA 9840612.4 mi47$36,611,684$599,988$778,972
98528Belfair, WA 9852813.7 mi27$18,464,193$709,000$683,859
98409Tacoma, WA 9840914.2 mi54$28,365,390$399,962$525,285
98499Lakewood, WA 9849914.3 mi54$42,454,044$536,238$786,186

Frequently Asked Questions

How many homes are for sale in LAKEBAY, WA 98349?

As of March 2026, there are 29 active listings in LAKEBAY, WA (zip code 98349), compared to 22 the prior year.

What is the median home price in LAKEBAY, WA 98349?

The median listing price in LAKEBAY, WA 98349 is $553,500 as of March 2026, a 20.8% decrease from $699,000 the prior year.

How long do homes stay on the market in LAKEBAY, WA?

Homes in LAKEBAY, WA 98349 spend an average of 56 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in LAKEBAY, WA 98349?

Based on current inventory and days-on-market data as of March 2026, LAKEBAY, WA 98349 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 56 days on market compared to 58 days last year.

How much can I save on real estate commission in LAKEBAY, WA?

With SELL123.com's maximum 3% commission, sellers in LAKEBAY, WA 98349 save an estimated $11,070 compared to a typical 5% commission on the median listing price of $553,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.