The Lakewood housing market is very competitive. Homes in Lakewood receive 4 offers on average and sell in around 15 days. The median sale price of a home in Lakewood was $280K last month, up 1.4% since last year. The median sale price per square foot in Lakewood is $172, down 12.0% since last year.
What is the housing market like in Lakewood today?
In March 2024, Lakewood home prices were up 1.4% compared to last year, selling for a median price of $280K. On average, homes in Lakewood sell after 15 days on the market compared to 21 days last year. There were 38 homes sold in March this year, down from 56 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$280,250
+1.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lakewood, OH
$280,250
+1.4%
United States
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How hot is the Lakewood housing market?
Lakewood is very competitive. Homes sell in 16 days.
0
100
77
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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 16 days.
Hot homes
can sell for about 5% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lakewood
Explore recent offers and recently sold homes in Lakewood
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Lincoln Elementary School
Public • PreK-5
283
Students
4 reviews
7/10
Roosevelt Elementary School
Public • K-5
291
Students
N/A
7/10
Grant Elementary School
Public • K-5
323
Students
4 reviews
7/10
Harrison Elementary School
Public • PreK-5
362
Students
4 reviews
6/10
Emerson Elementary School
Public • PreK-5
433
Students
1 reviews
Only showing 5 of
8 elementary schools.
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 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lakewood.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood has a moderate risk of flooding. 487 properties in Lakewood are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Lakewood. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lakewood has a minor risk of wildfire. There are 18 properties in Lakewood that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Lakewood.