Is Lacey, WA 98503 a buyer’s or seller’s market?
Lacey is a seller’s market. With about 3.1 months of supply and 29% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 73% of U.S. ZIP codes, and #62 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lacey housing market right now
In the three months ending August 31, 2026, 29% of homes in Lacey, WA 98503 sold above their list price, the typical home went under contract in 14 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 109 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold more slowly (12 days then) and the median sale price fell 1% to $489,788. Overall, Lacey is more competitive than a year ago, so tougher for buyers.
Within Thurston County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Lacey ranks #62 of 298 WA ZIP codes with enough sales (score 69 out of 100).
Nearby, buyers who want less competition could look at Bucoda 98530 (0% sold over asking) or Tenino 98589 (14% sold over asking).
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Nearby markets
Bucoda 98530Balanced $290 /sq ftOlympia 98501Seller’s market $299 /sq ftOlympia 98502Seller’s market $326 /sq ftOlympia 98506Seller’s market $298 /sq ft Browse all markets →Towns like Lacey nearby
Find towns like Lacey in other states →Where Lacey is
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Questions about Lacey real estate
Is Lacey a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Lacey, WA 98503 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lacey?
The typical home went under contract in 14 days in the latest three months.
Do homes in Lacey sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Lacey?
About 0.88% of a home’s value a year in Thurston County, or roughly $3,520 on a $400,000 home.
What is the median home price in Lacey?
The median sale price was $489,788 in the three months ending August 31, 2026, about $293 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology