Search in MLS for Lakewood, WA Homes for Sale

Living in Lakewood, Washington

Lakewood is one of Pierce County’s most distinctive communities, known for its beautiful lakes, established neighborhoods, and central location between Tacoma and Joint Base Lewis-McChord. With roughly 57,000 residents and miles of shoreline, Lakewood offers a lifestyle that blends natural beauty, historic character, and everyday convenience.

We work with buyers and sellers throughout Lakewood and the greater South Sound, helping clients navigate a housing market that includes mid-century homes with character, golf course communities, lakefront estates, and newer residential neighborhoods. Shane Klinkhammer was recognized as the #1 real estate agent in Lakewood in 2025 by number of homes sold, and together we bring deep local knowledge and strategic guidance to every Lakewood transaction.

True to its name, Lakewood is defined by water. Nearly ten percent of the city’s seventeen square miles is covered by lakes, creating a setting where waterfront living, outdoor recreation, and scenic views are part of daily life.

Lakewood’s Lakes and Natural Setting

Lakewood is home to five major lakes: American Lake, Lake Steilacoom, Gravelly Lake, Lake Louise, and Waughop Lake. These lakes shape the character of the city and provide opportunities for boating, paddleboarding, kayaking, and fishing.

American Lake and Lake Steilacoom offer expansive waterfront living and recreational boating. Gravelly Lake is known for its historic estates and quiet residential shoreline, while Waughop Lake—located within Fort Steilacoom Park—offers peaceful walking trails and scenic natural surroundings in the center of the city.

Few communities in the South Sound combine this many lakes, parks, and established neighborhoods in such close proximity.

Location and Access

Lakewood sits just south of Tacoma and directly north of Joint Base Lewis-McChord, making it an ideal location for commuters, military families, and professionals working throughout the South Sound region.

Interstate 5 provides convenient regional access through the Bridgeport Way, Gravelly Lake Drive, and 72nd Street exits. The city is also easily reached from University Place and Steilacoom via Steilacoom Boulevard, connecting several of the area’s most established neighborhoods.

From Lakewood, residents can reach Tacoma’s downtown waterfront, major employment centers, and regional shopping within minutes.

Shopping and Local Businesses

Lakewood Towne Center serves as the city’s primary retail hub, offering shopping, restaurants, and entertainment in one central location. One of the region’s last remaining Barnes & Noble bookstores anchors the center and remains a favorite gathering place for residents.

Grocery options include Safeway on Gravelly Lake Drive, Albertsons within the Oakbrook community, and H&L Produce on Lakewood Drive. Larger regional retail destinations such as Tacoma Mall and Southcenter Mall are also easily accessible, while Whole Foods Market in nearby University Place is just a short drive away.

Beyond national retailers, Lakewood supports many locally owned businesses that contribute to the city’s strong neighborhood identity.

Dining in Lakewood

Lakewood offers a diverse dining scene with a mix of casual neighborhood favorites and long-standing local establishments. Popular spots include Long Beach Café for Thai cuisine, The Ram for classic American fare and sports viewing, and Mis Tres Amigos for Mexican comfort food.

Oakhouse Restaurant & Bar—tucked within the Oakbrook community—is one of Lakewood’s best kept dining secrets, offering elevated food with views of the Oakbrook Golf Course. Casa Mia remains a regional favorite for pizza and Italian comfort food, while the city’s many pho, teriyaki, and sushi restaurants reflect the diversity of the South Sound dining scene.

Things to Do in Lakewood

Outdoor recreation is a defining part of life in Lakewood. Fort Steilacoom Park is one of the largest parks in Pierce County and features walking trails, open fields, playgrounds, a lake, and one of the region’s most popular dog parks. The park also hosts seasonal concerts, fairs, and community events.

Lakewold Gardens offers beautifully maintained historic gardens and seasonal programs, while nearby Thornwood Castle stands as one of the South Sound’s most unique historic landmarks.

Golfers enjoy several nearby courses including Oakbrook Golf Course, Meadow Park Golf Course, and Tacoma Golf & Country Club. Indoor activities range from live performances at the Lakewood Playhouse to ceramics classes at Art & Clay Studio and yoga studios throughout the city.

Homes and Neighborhoods in Lakewood

One of Lakewood’s greatest strengths is the variety of homes and neighborhoods it offers. Buyers can find everything from classic mid-century homes with architectural character to lakefront estates, golf course properties, Puget Sound view homes, and newer residential developments.

Established communities such as Oakbrook, Gravelly Lake, Lake Steilacoom, and American Lake each offer distinct lifestyles—from quiet residential settings to waterfront living and golf course communities.

This diversity allows buyers to find homes that match both lifestyle and budget while remaining within a city that offers strong long-term appeal.

Explore Lakewood Neighborhoods

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Lakewood Real Estate

Lakewood’s real estate market offers opportunities across a wide range of property types—from lakefront homes and historic estates to neighborhood residences and newer construction. Buyers appreciate the diversity of housing options, while sellers benefit from the city’s desirable location and enduring regional demand.

If you're considering buying or selling a home in Lakewood, we would be happy to share insight into the neighborhoods, waterfront conditions, and current market trends shaping the area.

 

Lakewood, WA · Pierce County · MLS Market Report

Real Estate
Market Analysis

Comprehensive breakdown of sold, active, and pending properties across all Lakewood sub-areas through March 6, 2026.

311
Total Listings
190
Sold
83
Active
38
Pending
$510K
Median Sale Price
99.1%
Avg List/Sale Ratio
Current Market

Market Snapshot

Active, pending, and recently sold listings across Lakewood as of March 6, 2026. Data excludes expired, cancelled, and temporary off-market listings.

83
Active Listings
23
Pending
12
Pending Inspection
1
Contingent
2
Other Pending
190
Sold (Dataset)
Sales Performance

Sold Statistics by Area

Average and median sale prices, price per square foot, days on market, and list-to-sale ratio for all sold properties by MLS sub-area.

Area Sales Avg Sale Price Median Price Avg $/SF Avg DOM LP/SP % Price Cuts
36Lakewood 48 $596,331 $599,975 $299 27 100.0% 42%
37Lakewood 28 $469,800 $452,500 $323 42 98.8% 57%
38Lakewood 54 $570,330 $509,500 $332 47 99.7% 52%
39Lakewood 14 $753,539 $537,500 $381 84 96.8% 79%
40Lakewood 31 $508,432 $460,000 $304 40 99.1% 61%
41Lakewood / Tillicum 15 $559,892 $379,000 $336 38 97.2% 60%
All Areas Combined 190 $564,660 $510,000 $322 42 99.1% 55%
Market Momentum

6-Month → 3-Month → Last Month Trends

How each sub-area has shifted in average price, days on market, and list-to-sale ratio over the past six months.

Area 36 — Lakewood
Heating Up 🔥
Avg Sale Price
$596K› $568K› $581K
Avg $/SF
$299› $282› $283
Days on Market
27› 26› 21 ↓
LP/SP Ratio
100.0%› 100.4%› 102.1% ↑↑
Sales (period)
48› 23› 9
Area 37 — Lakewood
Price Softening, Faster Sales
Avg Sale Price
$470K› $436K› $429K ↓
Avg $/SF
$323› $327› $353 ↑
Days on Market
42› 48› 18 ↓↓
LP/SP Ratio
98.8%› 98.8%› 98.9%
Area 38 — Lakewood
Slowing, DOM Rising
Avg Sale Price
$570K› $555K› $587K
Avg $/SF
$332› $322› $347 ↑
Days on Market
47› 59› 71 ↑
LP/SP Ratio
99.7%› 99.4%› 98.8% ↓
Area 39 — Lakewood
High DOM · Buyer's Market
Avg Sale Price
$754K› $929K› no sales
Days on Market
84› 80
LP/SP Ratio
96.8%› 94.5%
Price Reduction Rate
79% of sales
Avg Price Cut
10.8%
Area 40 — Lakewood
Price Drift Down
Avg Sale Price
$508K› $473K› $419K ↓
Avg $/SF
$304› $312› $308
Days on Market
40› 43› 33 ↓
LP/SP Ratio
99.1%› 97.6%› 96.7% ↓
Area 41 — Lakewood / Tillicum
Significant Softening
Avg Sale Price
$560K› $634K› $359K ↓↓
Avg $/SF
$336› $370› $251 ↓
Days on Market
38› 62› 87 ↑
LP/SP Ratio
97.2%› 95.4%› 93.9% ↓
Premium Properties

Waterfront Properties

Only 5 waterfront homes sold in the 6-month dataset — all freshwater (lake or creek). No saltwater frontage exists in Lakewood. Small sample sizes noted.

Note on sample size: With only 5 waterfront sales, individual property characteristics (size, condition, lake access type) heavily influence these figures. Use as directional guidance, not statistical certainty.
Area 38 · Lake No-Bank
$2,025,000
Avg $/SF$567
DOM15 days
LP/SP97.1%
Frontage typeBank-Low, Lake, No Bank
Area 39 · Lake No-Bank
$1,650,000
Avg $/SF$426
DOM62 days
LP/SP89.2%
Frontage typeLake, No Bank
Area 39 · Lake Front
$2,000,000
Avg $/SF$529
DOM82 days
LP/SP90.9%
Frontage typeLake
Area 40 · Creek Front
$995,000
Avg $/SF$265
DOM97 days
LP/SP100.0%
Frontage typeBank-Low, Creek
Area 41 · Lake Medium Bank
$1,000,000
Avg $/SF$339
DOM111 days
LP/SP85.1%
Frontage typeBank-Medium, Lake
Waterfront Summary (All 5 Sales)
$1,534,000
Avg Sale Price
$1,650,000
Median Sale Price
$425
Avg $/SF
73 days
Avg DOM
92.5%
Avg LP/SP
Premium Properties

Lake View Properties

10 sold homes with lake views. Lake views command meaningful premiums in most areas — particularly Area 39 where they add +180% over standard homes.

Area 36 · Lakewood
$585,000 avg
Sales1 sold
Premium vs. standard+5%
Area 38 · Lakewood
$624,667 avg
Sales3 sold
Premium vs. standard+16%
Area 39 · Lakewood ⭐
$1,548,333 avg
Sales3 sold
Premium vs. standard+180%
NoteArea 39 contains most lakefront parcels
Area 41 · Lakewood/Tillicum
$764,791 avg
Sales3 sold
Premium vs. standard+50%
Premium Properties

Territorial, Golf Course & Mountain View Properties

62 sold homes with non-lake views (territorial, golf course, mountain, partial). Most areas show a 15–21% premium. Area 39 is the exception at -11%, likely due to property mix.

Area 36 · Lakewood
$644,215 avg
Sales21 sold
Premium vs. no-view+15%
Area 37 · Lakewood
$532,827 avg
Sales9 sold
Premium vs. no-view+21%
Area 38 · Lakewood
$620,167 avg
Sales18 sold
Premium vs. no-view+15%
Area 39 · Lakewood
$492,333 avg
Sales3 sold
Premium vs. no-view-11% (no premium)
NoteSmall sample; area skews higher overall
Area 40 · Lakewood
$556,586 avg
Sales11 sold
Premium vs. no-view+15%
Supply & Demand

Months of Inventory by Area

Active listings divided by the average monthly sold rate over the last 3 months. Under 3 months = seller's market. 3–6 months = balanced. Over 6 months = buyer's market.

1.0
Area 40
Very tight · strong seller's market
2.0
Area 37
Tight · seller's market
2.3
Area 36
Tight · seller's market
3.5
Area 38
Balanced market
3.5
Area 41 / Tillicum
Balanced — but DOM rising fast
10.5
Area 39
Buyer's market · very slow absorption
Active Listings

Current Active Inventory by Area

What sellers are currently asking vs. what buyers have been paying — a key indicator of pricing alignment.

Area Active Count Avg Asking Price Avg Sold Price (6mo) Avg DOM (Active)
36Lakewood 18 $764,830 $596,331 52
37Lakewood 10 $811,830 $469,800 26
38Lakewood 30 $739,477 $570,330 94
39Lakewood 14 $1,390,638 $753,539 93
40Lakewood 4 $717,499 $508,432 18
41Lakewood / Tillicum 7 $732,236 $559,892 168
Analysis

Key Market Insights

🔥
Area 36 Is the Hottest Sub-Market

LP/SP hit 102.1% last month — buyers are paying above asking. DOM dropped to just 21 days. This is the most competitive pocket in Lakewood right now, with the lowest price reduction rate at 42%.

⚠️
Area 39 Is in Trouble

10.5 months of inventory, 79% of sold listings required a price cut averaging 10.8%, LP/SP of just 94.5%, and zero sales in the last month. Active listings are asking $1.39M vs. a $754K avg sold price — a massive disconnect.

📉
Area 41 / Tillicum Declining Fast

Average price dropped from $634K (3mo) to $359K last month. LP/SP fell to 93.9% and DOM hit 87 days. Active listings are sitting an average of 168 days — the longest in Lakewood by far.

💧
Lake Frontage = Top Dollar

The two no-bank lakefront homes sold at $1.65M–$2.025M. Lake views in Area 39 carry a +180% premium over standard homes. Lakewood's chain of lakes (American, Steilacoom, Gravelly) is a significant value driver for lakeside properties.

🏠
Asking Prices Are Disconnected From Reality

Across every area, active listings are priced $150K–$640K above recent sold prices. Area 39 is most extreme at $1.39M ask vs $754K sold. Sellers appear to be anchoring to aspirational values, not current market data.

🏗️
Very Little New Construction

Only 12 new construction listings in the entire dataset (6 completed, 5 presale, 1 under construction) — compared to 58 for Gig Harbor. Lakewood is almost entirely a resale market, with older housing stock averaging 1954–1977 by area.

📐
Smaller Homes, Larger Lots

Average finished square footage across Lakewood ranges 1,545–2,085 SF — smaller than Gig Harbor. However, lot sizes are comparable to Gig Harbor's suburban areas at 10,500–21,700 SF, with Area 41/Tillicum having the largest parcels.

⚡
Area 37: Fast Sales Despite Price Softening

Despite prices sliding to $429K avg last month, DOM dropped dramatically to just 18 days and $/SF climbed to $353. This suggests that correctly-priced, move-in-ready homes in Area 37 are finding buyers quickly — sellers just need to price right.

🎖️
Military Market Influence

Lakewood's proximity to Joint Base Lewis-McChord influences market dynamics — particularly in Areas 40 and 41/Tillicum. VA financing is more prevalent here, and buyer pool turnover is tied to military PCS cycles, which can create both abrupt demand surges and drops.

Lakewood, WA Real Estate Market Report
Data sourced from MLS records through March 6, 2026 · 311 listings analyzed · All residential properties
All figures are based on recorded MLS data. This report is for informational purposes only and does not constitute financial or real estate advice.
Areas covered: 36 · 37 · 38 · 39 · 40 · 41/Tillicum (Lakewood, WA 98498 & 98499)

Newest MLS Lakewood WA Homes for Sale

$424,999
2 Beds ⋅ 1 Baths ⋅ 2564321 MLS ⋅ ACTIVE Status
Charming Mid-Century Home perfectly positioned between beautiful Lake Steilacoom and Lakewood Towne Center. Enjoy the best of both worlds with parks, walking trails, beaches, and year-round recreation just moments in one direction, while shopping, restaurants, coffee, a movie theater, transportation, and everyday conveniences are just minutes the other way. Whether you're spending the afternoon exploring Fort Steilacoom Park, enjoying the waterfront, or meeting friends for dinner, this location makes it easy to enjoy everything the neighborhood has to offer. Inside, timeless mid-century charm shines through with beautiful hardwood floors, graceful arched doorways, abundant natural light, and classic architectural details that give the home warmth and personality. Warm, inviting living spaces offer comfort for everyday living, while the spacious upstairs bonus room provides incredible flexibility as a home office, hobby room, media room, guest retreat, or additional storage. Outside, a classic white picket fence and mature landscaping create welcoming curb appeal, while the fully fenced corner lot offers plenty of room to garden, play, entertain, or simply relax. Fire up the grill on the patio for summer barbecues, and enjoy the detached garage complete with power and heat, making it an ideal workshop, hobby space, gym, or additional flex space. Complete with RV parking and an unbeatable location, this home offers the perfect blend of character, functionality, and lifestyle.

6423 100th Street SW, Lakewood

Listing courtesy of 1 Percent Lists Tacoma.

$449,950
2 Beds ⋅ 1 Baths ⋅ 2564957 MLS ⋅ ACTIVE Status
Life by the Lake! This turn-key home sitting on a 12,500 SQ FT Subdividable lot is ready for it's new owners. New paint, flooring, and cabinetry throughout. Brand new kitchen features Stainless steel appliances, gorgeous Quartz countertops, and a large island for easy entertaining. Cozy up to the fireplace in the winter months. Stay cool after a day at the lake in the Summer under the energy efficient mini-split. Thoughtful and modern finishes carry through this home. This is the perfect abode just steps from the lake. Don't miss the huge 12x16 shed with a loft - turn it into your work shop, she-shed, or storage for toys! Tons of off-street parking, fenced yard, and RV parking & hookups. Mature landscaping, apple and pear trees. Have a BBQ or hang by the fire pit in the oversized back and front yard. Zoned R4, turn this oasis into two lots, or build an ADU/DADU! Quiet street near public transit. Walkable, bikeable, and steps from a swim!

9028 Highland Avenue SW, Lakewood

Listing courtesy of Great NW Real Estate LLC.

$599,999
4 Beds ⋅ 3 Baths ⋅ 2564504 MLS ⋅ ACTIVE Status
Great location! Convenient to all the amenities including Lake Louise and Military bases. This charming and spacious Home features 4 bedroom, 2.5 baths. Additional features are a large bonus room on the upper floor. This home boosts a separate living room and dining room which flows to the kitchen with eating space/bar counter, great for hosting guests. This home is fully fenced and has a attached 2 car garage. Freshly painted interior & exterior. A Gated Community! The elementary school is across the street. Don't miss this opportunity to call this house "Home"

9805 109th Street Ct SW, Lakewood

Listing courtesy of Keller Williams Realty Bothell.

$1,120,000
4 Beds ⋅ 4 Baths ⋅ 2564545 MLS ⋅ ACTIVE Status
The rare opportunity to own a stunning MainVue home in the sought-after Harwood Cove community. Offering 3,349 square feet of thoughtfully designed living space, this exceptional residence features 4 bedrooms, 3.5 bathrooms, and a seamless blend of modern elegance and everyday comfort. A dramatic glass-paneled front door welcomes you into a light-filled interior with a private den, soaring ceilings, and an expansive Great Room that flows effortlessly into the Signature Outdoor Room and gourmet chef's kitchen. Designed for both entertaining and daily living, the kitchen showcases a premium gas range perfect for the home chef, high-end finishes, abundant cabinetry, and a walk-through butler's pantry. Upstairs, each spacious bedroom includes its own walk-in closet, while the luxurious primary suite is a true retreat featuring dual walk-in dressing rooms, quartz-topped dual vanities, a designer freestanding soaking tub, and a semi-frameless walk-in shower. Extensively upgraded throughout, this home offers refined finishes and exceptional attention to detail. Step outside to the covered outdoor living area with a cozy gas fireplace, creating the perfect setting for year-round entertaining or relaxing evenings. A rare blend of luxury, style, and functionality in one of the area's most desirable neighborhoods. Video uploaded on the listing. Some photos have been virtually staged to help illustrate homes deign potential.

12401 Harwood Cove Lane SW, Lakewood

Listing courtesy of PNW Realty.

$195,000
2 Beds ⋅ 2 Baths ⋅ 2563974 MLS ⋅ ACTIVE Status
Investor opportunity in Lakewood! This 2-bedroom, 1.5-bath, 736-square-foot home is ready for a complete transformation. Situated on an approximately 3,000-square-foot lot, this single-story property offers potential for a renovation, flip, or addition to your investment portfolio. Conveniently located near Joint Base Lewis-McChord, parks, shopping, schools, and major commuter routes. Being sold AS-IS, with the seller to make no repairs.

8506 Lake Street SW, Lakewood

Listing courtesy of Engel & Volkers Chambers Bay.

$679,900
3 Beds ⋅ 3 Baths ⋅ 2564432 MLS ⋅ ACTIVE Status
Discover Grayhawk Crossing, a community featuring just 17 thoughtfully designed homes in the heart of Lakewood. This move-in ready single-story rambler offers 1,822 sq. ft. of comfortable living space with 3 bedrooms, 2.5 bathrooms, and a spacious 2-car garage. The open-concept layout seamlessly connects the chef-inspired kitchen, dining area, and great room, creating the perfect space for everyday living and entertaining. The private primary suite is thoughtfully separated from the secondary bedrooms and features a luxurious 5-piece ensuite bathroom for added comfort and privacy.

10420 SW 113th Street Ct, Lakewood

Listing courtesy of Billahome.

$399,999
2564463 MLS ⋅ ACTIVE Status
Fantastic opportunity to own a triplex in Lakewood! Each unit features 1 bedroom and 1 bathroom, making this an excellent entry-level multifamily investment. Priced to reflect the need for some TLC, the property offers strong value-add potential. Situated on a large lot with possible future development opportunities. Buyer to verify all information and development potential to their satisfaction.

9212 33rd Avenue Ct S, Lakewood

Listing courtesy of Every Door Real Estate.

$529,950
3 Beds ⋅ 3 Baths ⋅ 2562178 MLS ⋅ ACTIVE Status
Welcome to this beautifully updated 3-bedroom, 2.5-bath home in Lakewood, perfectly situated on an expansive 11,290 sq. ft. lot. Thoughtfully refreshed with new LVP flooring, a new furnace, newer water heater, newer roof, and new garage doors, this move-in-ready home offers both comfort and peace of mind. Relax by the cozy gas fireplace or entertain year-round under the covered outdoor patio overlooking the spacious backyard. A detached 288 sq. ft. shed provides excellent space for storage, a workshop, or hobbies, while the attached 2-car garage adds everyday convenience. With its generous lot size, modern updates, and inviting indoor-outdoor living, this is a rare opportunity you won't want to miss.

6508 84th Court SW, Lakewood

Listing courtesy of Dove Realty, Inc..

$650,000
6 Beds ⋅ 3 Baths ⋅ 2563543 MLS ⋅ ACTIVE Status
Unlock the potential of this rare Oakbrook Golf Course opportunity! Situated on the putting green of the 3rd fairway, this nearly 4,000 sq. ft. home offers exceptional space, a highly sought-after location, and endless possibilities for renovation and value appreciation. The main level features a spacious primary suite with a full bath, two additional oversized bedrooms, and another full bathroom. Upstairs you'll find three oversized bedrooms, a full bath, and an enormous rafter storage area with full-size access. Additional highlights include an attached 2-car garage and ample off-street parking for up to eight vehicles. This home is ready for updating and rehabilitation and has been priced accordingly, presenting an outstanding opportunity for investors, builders, or buyers looking to create their dream home and build sweat equity. Surrounded by beautifully renovated homes in an established golf course community, the possibilities are truly exceptional. The adjacent building lot (MLS# 2563546) located directly behind the home on the same fairway is also available, creating a unique opportunity for future expansion or development.

7919 Onyx Court SW, Lakewood

Listing courtesy of Better Properties Summit.

$289,950
2563546 MLS ⋅ ACTIVE Status
Rare opportunity to own what may be the last available golf course cul-de-sac homesite on Oakbrook Golf Course! Perfectly positioned along the putting green of the 3rd fairway with 127 ft. of frontage, this exceptional vacant lot offers a premier setting to build the custom home you've always envisioned. Whether you're a builder, investor, or future homeowner, this property provides a truly unique opportunity in one of the area's most established golf course communities. Zoned R3, this property offers exciting possibilities for residential or multi-family development. The adjacent residence is also available for purchase (MLS# 2563543), creating the rare option to acquire both properties for expanded possibilities, or purchase the lot separately following the home sale. Conveniently located near shopping, dining, parks, schools, and commuter routes, this is your chance to secure a one-of-a-kind homesite in an outstanding golf course location.

90th Avenue SW, Lakewood

Listing courtesy of Better Properties Summit.

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