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ZIP 98516 in Lacey, WA: housing market trends

The median home sale price in ZIP 98516 in Lacey, WA was $609,046 for the three-month period ending September 2026. Sale prices were 4.1% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$609,046
three-month period ending September 2026
Median sale price per sq ft
$322.54
three-month period ending September 2026
Active listings
278
three-month period ending September 2026
Typical monthly rent
$2,171
Rent index · August 2026

How is housing inventory changing?

There were 278 active listings for the three-month period ending September 2026. Active listings were 49.5% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 28 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 98516 in Lacey, WA
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$609,046$322.54112
Single-familySeptember 2026$609,846$328.67109
TownhousesSeptember 2026$437,501$225.942 · small sample
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026$820,000$232.161 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 98516 in Lacey, WA
MarketMedian sale priceReporting period / source
Lacey, WA$526,750Month ending July 2026 · Zillow
Dupont, WA$579,7243 months ending September 2026 · Redfin
Olympia, WA$532,500Month ending July 2026 · Zillow
Nisqually Indian Community, WA$512,5003 months ending July 2026 · Redfin
Longbranch, WA$484,7693 months ending September 2026 · Redfin
Tumwater, WA$545,9903 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 98516 in Lacey, WA
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$609,046$322.54278
August 2026$597,475$321.57292
July 2026$567,000$313.64280
June 2026$582,500$311.48246
May 2026$585,000$313.29220
April 2026$585,000$318.47182
March 2026$570,000$307.69164
February 2026$550,000$292.20150
January 2026$554,500$294.45139
December 2025$549,950$303.43131
November 2025$559,000$301.88148
October 2025$550,000$303.81170
September 2025$585,000$311.54186
August 2025$605,000$311.50195
July 2025$605,500$304.39203
June 2025$611,113$304.93197
May 2025$590,000$305.45182
April 2025$590,000$303.18153
March 2025$575,000$282.44124
February 2025$561,500$283.62115
January 2025$545,000$280.90127
December 2024$550,000$280.90130
November 2024$574,900$288.31151
October 2024$592,000$300.13173

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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