The Lakewood housing market is somewhat competitive. The median sale price of a home in Lakewood was $490K last month, down 15.5% since last year. The median sale price per square foot in Lakewood is $208, up 17.8% since last year.
What is the housing market like in Lakewood today?
In February 2025, Lakewood home prices were down 15.5% compared to last year, selling for a median price of $490K. On average, homes in Lakewood sell after 24 days on the market compared to 72 days last year. There were 3 homes sold in February this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$490,000
-15.5% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Lakewood, VA
$490,000
-15.5%
United States
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How hot is the Lakewood housing market?
Lakewood is somewhat competitive. Homes sell in 28 days.
0
100
59
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 around list price and go pending in around 28 days.
Hot homes
can sell for around list price and go pending in around 13 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 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lakewood.
Flood Factor - Minor
96% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood has a minor risk of flooding. 186 properties in Lakewood are likely to be
severely affected
by flooding over the next 30 years. This represents 96% 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 moderate risk of wildfire. There are 1 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.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Lakewood has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lakewood is most at risk from hurricanes. 417 properties in Lakewood 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 131 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 143 mph.