The South Lakes housing market is somewhat competitive. The median sale price of a home in South Lakes was $575K last month, up 38.6% 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 January 2025, South Lakes home prices were up 38.6% compared to last year, selling for a median price of $575K. On average, homes in South Lakes sell after 62 days on the market compared to 21 days last year. There were 21 homes sold in January this year, up from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$575,000
+38.6% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
South Lakes, WA
$575,000
+38.6%
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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Work with the best agents in South Lakes
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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 15 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.3%
+2.1 pt YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
South Lakes, WA
99.3%
+2.1 pt
United States
View houses in South Lakes that sold recently
Recently sold homes
SOLD FEB 6, 2025
$435,000 Last Sold Price
3 beds
1 bath
1,200 sq ft
12006 Woodbine Ln SW, Lakewood, WA 98499
Christian Robinson • Better Properties Real Estate Coldwell Banker Bain
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.