The Lakewood housing market is somewhat competitive. The median sale price of a home in Lakewood was $580K last month, down 7.2% since last year. The median sale price per square foot in Lakewood is $197, down 6.9% since last year.
What is the housing market like in Lakewood today?
In March 2024, Lakewood home prices were down 7.2% compared to last year, selling for a median price of $580K. On average, homes in Lakewood sell after 72 days on the market compared to 11 days last year. There were 3 homes sold in March this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$580,000
-7.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lakewood, VA
$580,000
-7.2%
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 Norfolk add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Willard Model Elementary School
Public • PreK-5
516
Students
5 reviews
7/10
The Academy For Discovery At Lakewood
Public • 3-8 • Choice school
762
Students
2 reviews
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 - Major
98% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood has a major risk of flooding. 190 properties in Lakewood are likely to be
severely affected
by flooding over the next 30 years. This represents 98% of all properties in Lakewood. Flood risk is increasing faster than the national average.
5% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lakewood has a minor risk of wildfire. There are 25 properties in Lakewood that have some risk of being affected by wildfire over the next 30 years. This represents 5% 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 129 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 143 mph.