Team Luxe Real Estate | Market Insights

Lake Forest Park, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/


Lake Forest Park, WA

Fri Jun 06 2025
This week the median list price for Lake Forest Park, WA is $1,126,944 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has held steady at or around 10. Click here to stay informed with the Lake Forest Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Lake Forest Park, WA

Fri Jun 06 2025
This week the median list price for Lake Forest Park, WA is $1,126,944 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has held steady at or around 10. Click here to stay informed with the Lake Forest Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Lake Forest Park market.
Median List Price $1,126,944
Median Price of New Listings $995,000
Per Square Foot $541
Average Days on Market 14
Median Days on Market 7
Price Decreased 10%
Price Increased 0%
Relisted 10%
Inventory 10
Median Rent
Market Action 100
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,750,000 3,684 0.25 - 0.5 acre 3 1 59 0 1 35
$1,178,944 2,915 8,000 - 10,000 sqft 4 1.3 64 0 0 7
$995,000 2,170 0.25 - 0.5 acre 3 1.5 74 2 0 0
$925,000 1,987 6,500 - 8,000 sqft 3 1 66 1 0 3