Why Live in Lakeland North
North Lake, also known as Lakeland North, is a suburban community in Federal Way characterized by its proximity to woodland lakes and diverse real estate options. The neighborhood is known for its waterfront recreation, with Lake Dolloff and Star Lake offering opportunities for fishing, kayaking, and paddleboarding. Steel Lake Park, a popular local attraction, features a volleyball pit, skatepark, and beach for swimming and boating. The Pacific Bonsai Museum provides a unique cultural experience with its outdoor displays of bonsai trees. North Lake's dining scene includes a notable Korean barbecue presence, with establishments like Palace offering tabletop grill experiences, and Pac Island Grill serving Hawaiian cuisine with live music. The area is home to a mix of older homes and new constructions, including New Traditional, split-level, and ranch-style homes, often featuring midcentury architectural elements. While the neighborhood is car-dependent, it benefits from convenient transportation options, including the developing Sound Transit light rail project, which will connect Federal Way to Tacoma and Seattle. Interstate 5 and State Route 18 provide access to nearby cities, with Tacoma 14 miles south and Seattle 22 miles north. North Lake offers a balanced lifestyle with both urban amenities and natural beauty.
Home Trends in Lakeland North, WA
On average, homes in Lakeland North, WA sell after 56 days on the market compared to the national average of 70 days. The median sale price for homes in Lakeland North, WA over the last 12 months is $343,560, down 50% from the median home sale price over the previous 12 months.
Median Sale Price
$343,560
Median Single Family Sale Price
$392,250
Median Townhouse Sale Price
$350,080
Median 2 Bedroom Sale Price
$378,500
Median 1 Bedroom Sale Price
$210,000
Average Price Per Sq Ft
$261
Number of Homes for Sale
37
Last 12 months Home Sales
116
Median List Price
$399,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-50%
