The Lakewood housing market is very competitive. Homes in Lakewood receive 1 offers on average and sell in around 50 days. The median sale price of a home in Lakewood was $495K last month, up 5.2% since last year. The median sale price per square foot in Lakewood is $285, down 7.5% since last year.
What is the housing market like in Lakewood today?
In February 2025, Lakewood home prices were up 5.2% compared to last year, selling for a median price of $495K. On average, homes in Lakewood sell after 50 days on the market compared to 42 days last year. There were 34 homes sold in February this year, down from 39 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$494,500
+5.2% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Lakewood, WA
$494,500
+5.2%
United States
To compare other locations to the Lakewood and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lakewood add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Lakewood
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Lakewood housing market?
Lakewood is very competitive. Homes sell in 33.5 days.
0
100
73
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 34 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 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
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$475K Offer
Sold for $475K
3bd | 2.5ba | ~1,750sqft
Over List Price
2%
Days on Market
8
Competing Offers
1
Down Payment
~10%
Graham Northcott
Lakewood Redfin Agent
Back up offer, first offer closed. came in over asking.
Offer Not Accepted|
12 Weeks Ago
~$375K Offer
Sold for $350K
2bd | 0.75ba | ~1,000sqft
Under List Price
4%
Days on Market
54
Competing Offers
0
Down Payment
—
Jaime Auvil
Lakewood Redfin Agent
View houses in Lakewood that sold recently
Recently sold homes
SOLD MAR 13, 2025
$440,000 Last Sold Price
2 beds
1 bath
1,304 sq ft
9106 59th Ave SW, Lakewood, WA 98499
Tom Rickey • RE/MAX Northwest Rain Town Realty + JPAR
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.
Flood Factor - Moderate
25% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood has a moderate risk of flooding. 2,757 properties in Lakewood are likely to be
severely affected
by flooding over the next 30 years. This represents 25% of all properties in Lakewood. Flood risk is increasing slower than the national average.
31% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lakewood has a moderate risk of wildfire. There are 5,263 properties in Lakewood that have some risk of being affected by wildfire over the next 30 years. This represents 31% of all properties in Lakewood.