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LAKEBAY, WA 98349

Real Estate Market Report  ·  Pierce County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKEBAY, WA real estate market (98349) currently shows 48 active listings, with 12 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 48 days on market compared to 55 days last year.

The median listing price has fallen 27.7% year-over-year, from $671,250 to $485,000.

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
48
vs 48 last year
Pending
12
25% pending ratio
Median Price
$485,000
⇩ 27.7% vs $671,250 last year
Average Price
$623,899
⇩ 35.1% vs $961,150 last year
Days on Market
48
⇩ 12.7% vs 55 days last year

Price Per Square Foot

Median $/sqft
$355
⇧ 10.2% vs $322/sqft last year
Median Home Size
1,443 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 48 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $485,000 (-27.7% YoY)
  • Average: $623,899 (-35.1% 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 July 2026, there are 48 active listings in LAKEBAY, WA (zip code 98349), compared to 48 the prior year.

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

The median listing price in LAKEBAY, WA 98349 is $485,000 as of July 2026, a 27.7% decrease from $671,250 the prior year.

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

Homes in LAKEBAY, WA 98349 spend an average of 48 days on the market before going under contract, compared to 55 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 July 2026, LAKEBAY, WA 98349 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 48 days on market compared to 55 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 $9,700 compared to a typical 5% commission on the median listing price of $485,000. 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.