Housing in Lakeland South, WA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$600,000

Median List Price

$734,555

Price Per Sq Ft

$418

Days on Market

30

Active Inventory

9

Months of Supply

1.8

Seller's market

Price Trends

Source: Redfin
Sale Price ↓ 5.1%List Price ↑ 3.1%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

60.0%

Off Market in 2 Weeks

44.4%

Sale-to-List Ratio

101.1%

Seller's market

Sold Above Asking
60.0%
Under Contract in 2 Wks
44.4%
Listings with Price Drops
22.2%

Market Activity

Source: Redfin

Homes Sold

5

New Listings

11

Pending Sales

9

Homes Sold ↓ 28.6%New Listings ↓ 31.3%Pending ↓ 18.2%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$418

Median List $/SF

$329

Sale $/SF ↑ 17.1%List $/SF ↓ 6.8%Mar 24 → Jan 26

Lakeland South vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Lakeland South is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$530,900

Median Rent

$1,558

Total Housing Units

4,573

Vacancy Rate

5.3%

Owner Occupied

79.0%

Renter Occupied

21.0%

Median Property Tax

$5,264

per year

Monthly Cost (w/ Mortgage)

$2,193

Housing Types

Single Family
82.2%
Multi-Family
6.2%
Mobile Home
11.6%

The current median sale price in Lakeland South, WA is $600,000 according to Redfin data. Homes spend a median of 30 days on the market. 60.0% of homes sold above asking price. The market has 1.8 months of supply. The median price per square foot is $418. The median rent is $1,558 per month (Census ACS). About 79.0% of housing units are owner-occupied. The median year homes were built is 1985. There are 4,573 total housing units.