The South Lakes housing market is somewhat competitive. The median sale price of a home in South Lakes was $710K last month, up 71.1% since last year. The median sale price per square foot in South Lakes is $362, up 24.8% since last year.
What is the housing market like in South Lakes today?
In February 2025, South Lakes home prices were up 71.1% compared to last year, selling for a median price of $710K. On average, homes in South Lakes sell after 25 days on the market compared to 20 days last year. There were 14 homes sold in February this year, up from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$709,998
+71.1% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
South Lakes, WA
$709,998
+71.1%
United States
To compare other locations to the South Lakes and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lakewood add value to a home.
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How hot is the South Lakes housing market?
South Lakes is somewhat competitive. Homes sell in 30 days.
0
100
65
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 30 days.
Hot homes
can sell for about 2% above list price and go pending in around 14 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.8%
-0.86 pt YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Lakes.
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Lakes has a minor risk of flooding. 220 properties in South Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in South Lakes. Flood risk is increasing slower than the national average.
29% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Lakes has a moderate risk of wildfire. There are 598 properties in South Lakes that have some risk of being affected by wildfire over the next 30 years. This represents 29% of all properties in South Lakes.
South Lakes has minimal risk of severe winds over the next 30 years
Wind Factor
South Lakes has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.