The median sale price of a home in Lakewood Estates was $196K last month, down 24.8% since last year. The median sale price per square foot in Lakewood Estates is $163, down 20.0% since last year.
What is the housing market like in Lakewood Estates today?
In May 2025, Lakewood Estates home prices were down 24.8% compared to last year, selling for a median price of $196K. On average, homes in Lakewood Estates sell after 61 days on the market compared to 84 days last year. There were 8 homes sold in May this year, down from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$195,500
-24.8% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lakewood Estates, IL
$195,500
-24.8%
United States
To compare other locations to the Lakewood Estates and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richton Park add value to a home.
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All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
116.3%
+16.4 pt YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lakewood Estates, IL
116.3%
+16.4 pt
United States
View houses in Lakewood Estates that sold recently
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 Estates housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lakewood Estates.
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood Estates has a moderate risk of flooding. 83 properties in Lakewood Estates are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Lakewood Estates. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Lakewood Estates has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lakewood Estates is most at risk from hurricanes. 984 properties in Lakewood Estates have some risk of being in a severe wind event within the next 30 years.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Lakewood Estates has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Lakewood Estates have a Moderate Heat Factor®.
Lakewood Estates is expected to see a 128% increase in the number of days over 101ºF over the next 30 years. Lakewood Estates is expected to experience 7