Is Lake Stevens, WA 98258 a buyer’s or seller’s market?

The Lake Stevens housing market right now

In the three months ending August 31, 2026, 27% of homes in Lake Stevens, WA 98258 sold above their list price, the typical home went under contract in 16 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 213 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold about as fast and the median sale price fell 4% to $709,693. Overall, Lake Stevens is more competitive than a year ago, so tougher for buyers.

Within Snohomish County, homes here sell faster than in 52% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Lake Stevens ranks #56 of 298 WA ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Lynnwood 98087 (11% sold over asking) or Bothell 98012 (12% sold over asking), while Index 98256 (50% sold over asking) and Sultan 98294 (33% sold over asking) are even more competitive.