Market report, updated November 8, 2026

The Lakes Home Values and Market Report

Search in the mo_subdivision of The Lakes

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Report prepared by Homes77.com

(253) 209-4200

Market at a glance

Over the last 12 months, homes sold for 98.8% of list price in 54 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $355K Sold · $352K

$640K$540K$440K$340K

NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

1 N

4 D

2 J

2 F

4 M

5 A

4 M

6 J

3 J

3 A

4 S

3 O

Peak: 6 sales in Jun. Last month: 3.

Where the market stands

All homes in this report, by status.

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.4months of inventory

Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$409K

Under contract$383K

Sold$438K

Average days on market

Active75 days

Under contract122 days

Sold54 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale

Homes for sale 17

Average list price $408,964

Avg. days on market 75 days

Avg. price per ft² $353

Avg. living area 1,151 ft²

Avg. beds / baths 2.1 / 2.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$600K$400K$200K$0

Price vs. living area: 17 homes plotted, up to $600K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

3 0–30 days

9 31–90

4 91–180

1 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

17 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

5124 S 234 Street Unit #41-3$413

5121 S 234th Street Unit #42-4$409

23202 58th Avenue S Unit #2-1$404

23405 51st Avenue S Unit #20.2$401

5023 S 233rd Place Unit #24-3$401

23407 52nd Place S Unit #11-3$385

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
23110 59th Place SKent, WA 98032	2	2	993	$249,950	$251	1 day
23405 51st Avenue S Unit #20.2Kent, WA 98032	2	2	1,197	$479,999	$401	16 days
5124 S 234 Street Unit #41-3Kent, WA 98032	2	2	1,197	$495,000	$413	127 days
5727 S 234th Place Unit #9-4Kent, WA 98032	2	1	970	$334,500	$344	41 days
23425 62nd Avenue S Unit #C102Kent, WA 98032	3	3	1,633	$525,000	$321	23 days
5023 S 233rd Place Unit #24-3Kent, WA 98032	2	2	1,197	$480,000	$401	44 days
5023 S 233rd Place Unit #24-3Kent, WA 98032	2	2	1,197	$480,000	$401	44 days
23521 55th Avenue S Unit #12-2Kent, WA 98032	2	2	1,125	$325,000	$288	45 days
5121 S 234th Street Unit #42-4Kent, WA 98032	2	2	1,208	$494,950	$409	50 days
6231 S 233rd Street Unit #25-2Kent, WA 98032	2	3	1,148	$395,000	$344	35 days

Under contract homes

Pending and contingent sales

Homes under contract 7

Average list price $382,850

Avg. days on market 122 days

Avg. price per ft² $331

Avg. living area 1,174 ft²

Avg. beds / baths 2.4 / 2.6

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$600K$400K$200K$0

Price vs. living area: 7 homes plotted, up to $600K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

Days on market before going under contract

Number of homes by days on market.

3 0–30 days

1 31–90

2 91–180

0 181–365

1 365+

Bedroom mix

Number of homes by bedroom count.

7 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

5215 S 237th Place Unit #43$440

23628 55th Place S Unit #15-3$360

23524 55th Avenue S Unit #14-1$336

5933 S 234th Place Unit #2-5$317

5801 S 232nd Place Unit #6-6$246

23402 62nd Avenue S$183

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
5215 S 237th Place Unit #43Kent, WA 98032	3	3	1,204	$530,000	$440	6 days
23524 55th Avenue S Unit #14-1Kent, WA 98032	2	2	995	$335,000	$336	4 days
5215 S 237th Place Unit #43Kent, WA 98032	3	3	1,204	$530,000	$440	6 days
5933 S 234th Place Unit #2-5Kent, WA 98032	2	2	1,149	$365,000	$317	56 days
5801 S 232nd Place Unit #6-6Kent, WA 98032	2	2	993	$244,950	$246	136 days
23628 55th Place S Unit #15-3Kent, WA 98032	2	3	1,041	$375,000	$360	173 days
23402 62nd Avenue SKent, WA 98032	3	3	1,633	$300,000	$183	470 days

Sold homes

Closed in the last 12 months

Homes sold 43

Average sold price $437,545

Avg. days to sell 54 days

Sold vs. list price 98.8%

Avg. price per ft² $342

Avg. living area 1,281 ft²

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$900K$600K$300K$0

Price vs. living area: 43 homes plotted, up to $900K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes took to sell

Number of homes by days on market.

17 0–30 days

21 31–90

1 91–180

4 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

41 ≤3 bd

2 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

23302 57th Avenue S Unit #40$446

5118 S 234$426

23328 53rd Avenue S$405

23608 55th Place S Unit #11-1$392

23412 52nd Place S Unit #9-2$392

23606 55th Avenue S Unit #11-03$381

5416 S 234th Place Unit #22-3$379

Sold price vs. list price

How close homes sold to their asking price.

53% sold at or above asking

5 Under 95%

4 95–98%

11 98–100%

20 100–102%

3 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
23321 60th Place S Unit ##7-1Kent, WA 98032	3	3	1,564	$415,000	92.2%	$265	193 days
23321 60th Place S Unit ##7-1Kent, WA 98032	3	3	1,564	$415,000	92.2%	$265	193 days
23400 Lakeside Blvd E Unit #7-4Kent, WA 98032	2	3	1,158	$380,000	98.7%	$328	34 days
23960 58th Court Unit #D-1Kent, WA 99032	3	2	1,166	$300,000	98.4%	$257	125 days
5510 S 234th Place Unit #21-5Kent, WA 98032	2	2	1,138	$375,000	100.0%	$329	57 days
23501 54th Avenue S Unit ##1-1Kent, WA 98032	2	2	1,017	$335,000	96.0%	$329	43 days
23302 57th Avenue S Unit #40Kent, WA 98032	3	3	1,236	$552,000	101.7%	$446	42 days
23326 55th Avenue S Unit #11-1Kent, WA 98032	3	3	1,444	$380,000	105.6%	$263	7 days
23311 61st Place S Unit #18-2Kent, WA 98032	2	3	1,148	$390,000	97.5%	$339	14 days
23512 55 Avenue S Unit #16Kent, WA 98032	2	2	1,017	$300,000	88.5%	$294	253 days

Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.