Lakewood, VA Housing Market
The Lakewood housing market is very competitive. The median sale price of a home in Lakewood was $615K last month, down 10.2% since last year. The median sale price per square foot in Lakewood is $388, down 40.6% since last year.
Lakewood Housing Market Trends
In June 2025, Lakewood home prices were down 10.2% compared to last year, selling for a median price of $615K.

How much is your home worth? Track your home’s value and compare it to nearby sales.

How hot is the Lakewood housing market?
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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 25 days.
- Hot homescan sell for about 3% above list price and go pending in around 13 days.
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 18 days.
- Hot homescan sell for about 3% above list price and go pending in around 9 days.
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 13 days.
- Hot homescan sell for about 4% above list price and go pending in around 8 days.
View houses in Lakewood that sold recently
Recently sold homes
- $600,000 Last Sold Price4 beds2 baths2,378 sq ft1212 Mediterranean Ave, Virginia Beach, VA 23451List Price$675,000Sale to List11% under listDays on Market28 days1212 Mediterranean Ave, Virginia Beach, VA 23451
- $479,000 Last Sold Price2 beds2.5 baths1,198 sq ft1509 Cypress Ave, Virginia Beach, VA 23451List Price$479,000Sale to List0% over listDays on Market35 days1509 Cypress Ave, Virginia Beach, VA 23451
- $500,0004 beds2 baths1,769 sq ft610 13th St Unit B, Virginia Beach, VA 23451List Price—Sale to List—Days on Market—610 13th St Unit B, Virginia Beach, VA 23451
- $1,200,000 Last Sold Price4 beds3 baths2,814 sq ft515 Lakewood Cir, Virginia Beach, VA 23451List Price$1,200,000Sale to List0% over listDays on Market394 days515 Lakewood Cir, Virginia Beach, VA 23451
- $447,000 Last Sold Price2 beds2 baths1,152 sq ft731 13th St, Virginia Beach, VA 23451List Price$450,000Sale to List1% under listDays on Market56 days731 13th St, Virginia Beach, VA 23451
- $765,000 Last Sold Price4 beds3.5 baths2,346 sq ft936 12th St, Virginia Beach, VA 23451List Price$799,000Sale to List4% under listDays on Market38 days936 12th St, Virginia Beach, VA 23451
- $615,000 Last Sold Price3 beds3.5 baths1,800 sq ft917 12th St Unit B, Virginia Beach, VA 23451List Price$615,000Sale to List0% over listDays on Market33 days917 12th St Unit B, Virginia Beach, VA 23451
- $480,000 Last Sold Price3 beds3.5 baths1,346 sq ft706 14 St, Virginia Beach, VA 23451List Price$459,900Sale to List4% over listDays on Market26 days706 14 St, Virginia Beach, VA 23451
See all recently sold homes in Lakewood.
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Schools in Lakewood
- Elementary
- Middle
- High
GreatSchools Rating
6/10 W.T. Cooke Elementary School Public • PreK-5 | 523 Students | 7 reviews |
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
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Severe
Wind Factor

Wind likelihood over time
Heat Factor - Extreme
Heat Factor

Transportation in Lakewood
Walk Score®
Transit Score®
Bike Score®
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