The Lakewood Falls housing market is very competitive. The median sale price of a home in Lakewood Falls was $316K last month, up 7.7% since last year. The median sale price per square foot in Lakewood Falls is $209, up 13.0% since last year.
What is the housing market like in Lakewood Falls today?
In April 2024, Lakewood Falls home prices were up 7.7% compared to last year, selling for a median price of $316K. On average, homes in Lakewood Falls sell after 38 days on the market compared to 39 days last year. There were 10 homes sold in April this year, down from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$316,000
+7.7% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lakewood Falls, IL
$316,000
+7.7%
United States
To compare other locations to the Lakewood Falls and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Romeoville add value to a home.
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How hot is the Lakewood Falls housing market?
Lakewood Falls is very competitive. Homes sell in 42 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 42 days.
Hot homes
can sell for about 4% above list price and go pending in around 34 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lakewood Falls housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lakewood Falls.
Risk Factor
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood Falls has a minor risk of flooding. 38 properties in Lakewood Falls are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Lakewood Falls. Flood risk is increasing faster than the national average.
11% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lakewood Falls has a moderate risk of wildfire. There are 462 properties in Lakewood Falls that have some risk of being affected by wildfire over the next 30 years. This represents 11% of all properties in Lakewood Falls.
Lakewood Falls has minimal risk of severe winds over the next 30 years
Wind Factor
Lakewood Falls has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.