The Lakewood Terrace housing market is somewhat competitive. The median sale price of a home in Lakewood Terrace was $282K last month, up 28.2% since last year. The median sale price per square foot in Lakewood Terrace is $253, down 14.1% since last year.
What is the housing market like in Lakewood Terrace today?
In March 2024, Lakewood Terrace home prices were up 28.2% compared to last year, selling for a median price of $282K. On average, homes in Lakewood Terrace sell after 42 days on the market compared to 7 days last year. There were 8 homes sold in March this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$282,000
+28.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lakewood Terrace, FL
$282,000
+28.2%
United States
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How hot is the Lakewood Terrace housing market?
Lakewood Terrace is somewhat competitive. Homes sell in 39 days.
0
100
49
Somewhat 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 12 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 39 days.
Hot homes
can sell for around list price and go pending in around 8 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 Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lakewood Terrace.
Risk Factor
Flood Factor - Extreme
100% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood Terrace has an extreme risk of flooding. 595 properties in Lakewood Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 100% of all properties in Lakewood Terrace. Flood risk is increasing slower than the national average.
62% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lakewood Terrace has a minor risk of wildfire. There are 390 properties in Lakewood Terrace that have some risk of being affected by wildfire over the next 30 years. This represents 62% of all properties in Lakewood Terrace.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lakewood Terrace has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lakewood Terrace is most at risk from hurricanes. 622 properties in Lakewood Terrace have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 188 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 201 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Lakewood Terrace has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Lakewood Terrace have an Extreme Heat Factor®.
Lakewood Terrace is expected to see a 314% increase in the number of days over 106ºF over the next 30 years. Lakewood Terrace is expected to experience 10