Is Lakebay, WA 98349 a buyer’s or seller’s market?

The Lakebay housing market right now

In the three months ending August 31, 2026, 14% of homes in Lakebay, WA 98349 sold above their list price, the typical home went under contract in 45 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 29 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold more slowly (40 days then) and the median sale price rose 8% to $574,751. Overall, Lakebay is more competitive than a year ago, so tougher for buyers.

Within Pierce County, homes here sell more slowly than in 96% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Lakebay ranks #221 of 298 WA ZIP codes with enough sales (score 45 out of 100).

Nearby, buyers who want less competition could look at Mckenna 98558 (0% sold over asking) or Vaughn 98394 (0% sold over asking), while Carbonado 98323 (80% sold over asking) and Tacoma 98418 (55% sold over asking) are even more competitive.