The South Lakes housing market is very competitive. The median sale price of a home in South Lakes was $340K last month, down 32.7% since last year. The median sale price per square foot in South Lakes is $264, up 1.9% since last year.
What is the housing market like in South Lakes today?
In March 2024, South Lakes home prices were down 32.7% compared to last year, selling for a median price of $340K. On average, homes in South Lakes sell after 51 days on the market compared to 72 days last year. There were 15 homes sold in March this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$340,000
-32.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Lakes, WA
$340,000
-32.7%
United States
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How hot is the South Lakes housing market?
South Lakes is very competitive. Homes sell in 23 days.
0
100
73
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 23 days.
Hot homes
can sell for about 2% above list price and go pending in around 15 days.
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.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Lakes has a moderate risk of flooding. 224 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.
34% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Lakes has a minor risk of wildfire. There are 709 properties in South Lakes that have some risk of being affected by wildfire over the next 30 years. This represents 34% 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.