diff --git a/src/useStorageValue/index.ts b/src/useStorageValue/index.ts
index 65d7fad6..0d85f667 100644
--- a/src/useStorageValue/index.ts
+++ b/src/useStorageValue/index.ts
@@ -1,4 +1,4 @@
-import {useEffect, useMemo, useState} from 'react';
+import {useEffect, useMemo, useRef, useState} from 'react';
 import {useFirstMountState} from '../useFirstMountState/index.js';
 import {useIsomorphicLayoutEffect} from '../useIsomorphicLayoutEffect/index.js';
 import {useSyncedRef} from '../useSyncedRef/index.js';
@@ -124,6 +124,10 @@ export type UseStorageValueResult<
 > = {
 	value: UseStorageValueValue<Type, Default, Initialize>;
 
+	/**
+	 * Stores a value. Functional updates receive the latest accepted value, including
+	 * updates from other hooks sharing this storage key before React renders.
+	 */
 	set: (value: NextState<Type, UseStorageValueValue<Type, Default, Initialize>>) => void;
 	remove: () => void;
 	fetch: () => void;
@@ -176,14 +180,18 @@ export function useStorageValue<
 	const [state, setState] = useState<Type | null | undefined>(
 		optionsRef.current?.initializeWithValue === true && isFirstMount ? storageActions.current.fetch() : undefined,
 	);
-	const stateRef = useSyncedRef(state);
+	const stateRef = useRef(state);
+	const updateState = (value: Type | null | undefined): void => {
+		stateRef.current = value;
+		setState(value);
+	};
 
 	const stateActions = useSyncedRef({
 		fetch() {
-			setState(storageActions.current.fetch());
+			updateState(storageActions.current.fetch());
 		},
 		setRawVal(this: void, value: string | null) {
-			setState(parse(value, optionsRef.current.defaultValue));
+			updateState(parse(value, optionsRef.current.defaultValue));
 		},
 	});
 
diff --git a/src/useStorageValue/sequence.dom.test.ts b/src/useStorageValue/sequence.dom.test.ts
new file mode 100644
index 00000000..af1d1b7a
--- /dev/null
+++ b/src/useStorageValue/sequence.dom.test.ts
@@ -0,0 +1,123 @@
+import {act, renderHook} from '@ver0/react-hooks-testing';
+import {beforeEach, describe, expect, it, vi} from 'vitest';
+import {useStorageValue} from './index.js';
+import {expectResultValue} from '../util/testing/test-helpers.js';
+
+describe.each(['localStorage', 'sessionStorage'] as const)('useStorageValue sequences with %s', (storageName) => {
+	beforeEach(() => {
+		globalThis[storageName].clear();
+	});
+
+	it('composes consecutive functional updates before a render', async () => {
+		const storage = globalThis[storageName];
+		const {result} = await renderHook(() => useStorageValue<number>(storage, 'counter', {defaultValue: 0}));
+		const {set} = expectResultValue(result);
+		const previousValues: Array<number | null | undefined> = [];
+		const increment = (previous: number | null | undefined): number => {
+			previousValues.push(previous);
+			return (previous ?? 0) + 1;
+		};
+		await act(async () => {
+			set(increment);
+			set(increment);
+			set(increment);
+		});
+		expect(previousValues).toEqual([0, 1, 2]);
+		expect(expectResultValue(result).value).toBe(3);
+		expect(storage.getItem('counter')).toBe('3');
+	});
+
+	it('uses updates from another hook before either hook renders', async () => {
+		const storage = globalThis[storageName];
+		const first = await renderHook(() => useStorageValue<number>(storage, 'counter', {defaultValue: 0}));
+		const second = await renderHook(() => useStorageValue<number>(storage, 'counter', {defaultValue: 0}));
+		await act(async () => {
+			expectResultValue(first.result).set(5);
+			expectResultValue(second.result).set((previous) => (previous ?? 0) + 1);
+			expectResultValue(first.result).set((previous) => (previous ?? 0) + 1);
+		});
+		expect(expectResultValue(first.result).value).toBe(7);
+		expect(expectResultValue(second.result).value).toBe(7);
+		expect(storage.getItem('counter')).toBe('7');
+	});
+
+	it('uses the fallback after removal in the same event', async () => {
+		const storage = globalThis[storageName];
+		storage.setItem('counter', '10');
+		const {result} = await renderHook(() => useStorageValue<number>(storage, 'counter', {defaultValue: 2}));
+		const actions = expectResultValue(result);
+		await act(async () => {
+			actions.remove();
+			actions.set((previous) => (previous ?? 0) + 1);
+		});
+		expect(expectResultValue(result).value).toBe(3);
+	});
+
+	it('uses an explicitly fetched value before the next render', async () => {
+		const storage = globalThis[storageName];
+		const {result} = await renderHook(() => useStorageValue<number>(storage, 'counter', {defaultValue: 0}));
+		const actions = expectResultValue(result);
+		await act(async () => {
+			storage.setItem('counter', '8');
+			actions.fetch();
+			actions.set((previous) => (previous ?? 0) + 1);
+		});
+		expect(expectResultValue(result).value).toBe(9);
+	});
+
+	it('keeps the last accepted value when serialization rejects an update', async () => {
+		const storage = globalThis[storageName];
+		const {result} = await renderHook(() =>
+			useStorageValue<number>(storage, 'counter', {
+				defaultValue: 0,
+				stringify: (value) => (value === 100 ? null : String(value)),
+			}),
+		);
+		const {set} = expectResultValue(result);
+		await act(async () => {
+			set(5);
+			set(100);
+			set((previous) => (previous ?? 0) + 1);
+		});
+		expect(expectResultValue(result).value).toBe(6);
+		expect(storage.getItem('counter')).toBe('6');
+	});
+	it('uses the parsed value rather than the unprocessed setter argument', async () => {
+		const storage = globalThis[storageName];
+		const {result} = await renderHook(() =>
+			useStorageValue<number>(storage, 'counter', {
+				defaultValue: 0,
+				parse: (raw, fallback) => (raw === null ? fallback : Math.floor(Number(raw))),
+			}),
+		);
+		const {set} = expectResultValue(result);
+		await act(async () => {
+			set(2.7);
+			set((previous) => (previous ?? 0) + 1);
+		});
+		expect(expectResultValue(result).value).toBe(3);
+		expect(storage.getItem('counter')).toBe('3');
+	});
+
+	it('does not advance the current value after a failed write', async () => {
+		const storage = globalThis[storageName];
+		const {result} = await renderHook(() => useStorageValue<number>(storage, 'counter', {defaultValue: 0}));
+		const {set} = expectResultValue(result);
+		await act(async () => {
+			set(5);
+			const write = vi.spyOn(Storage.prototype, 'setItem').mockImplementationOnce(() => {
+				throw new Error('Storage write failed');
+			});
+			try {
+				expect(() => {
+					set(100);
+				}).toThrow('Storage write failed');
+			} finally {
+				write.mockRestore();
+			}
+			set((previous) => (previous ?? 0) + 1);
+		});
+		expect(expectResultValue(result).value).toBe(6);
+		expect(storage.getItem('counter')).toBe('6');
+	});
+});