Lakewood, OH Housing Market
The Lakewood housing market is very competitive. Homes in Lakewood receive 4 offers on average and sell in around 15 days. The median sale price of a home in Lakewood was $280K last month, up 1.4% since last year. The median sale price per square foot in Lakewood is $178, up 0.6% since last year.
Lakewood Housing Market Trends
In March 2024, Lakewood home prices were up 1.4% compared to last year, selling for a median price of $280K. On average, homes in Lakewood sell after 15 days on the market compared to 21 days last year. There were 38 homes sold in March this year, down from 56 last year.
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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 12 days.
- Hot homescan sell for about 7% above list price and go pending in around 4 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
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 34 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 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 12 days.
- Hot homescan sell for about 2% above list price and go pending in around 3 days.
Lakewood Migration & Relocation Trends
- Across the nation, 0.68% of homebuyers searched to move into Lakewood from outside metros.
- New York homebuyers searched to move into Lakewood more than any other metro followed by Wheeling and Los Angeles.
- 79% of Lakewood homebuyers searched to stay within the Lakewood metropolitan area.
- Columbus was the most popular destination among Lakewood homebuyers followed by Youngstown and Cape Coral.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 682 | ||
2 | 589 | ||
3 | 545 | ||
4 | 316 | ||
5 | 253 | ||
6 | 193 | ||
7 | 172 | ||
8 | 88 | ||
9 | 87 | ||
10 | 82 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 573 | ||
2 | 334 | ||
3 | 118 | ||
4 | 104 | ||
5 | 83 | ||
6 | 53 | ||
7 | 47 | ||
8 | 35 | ||
9 | 33 | ||
10 | 27 |
Home offer insights for Lakewood
Recent offers
- Offer Not Accepted|6 Weeks Ago~$400K OfferSold for $400K6 bd | 2 ba | ~2,500 sqftOver List Price11%Days on Market2Competing Offers—Down Payment—
- Offer Not Accepted|7 Weeks Ago~$275K OfferSold for $300K3 bd | 1 ba | ~1,250 sqftOver List Price3%Days on Market2Competing Offers7Down Payment—
- Offer Not Accepted|10 Weeks Ago~$375K OfferSold for $375K5 bd | 3 ba | — sqftOver List Price14%Days on Market6Competing Offers—Down Payment—
View houses in Lakewood that sold recently
Recently sold homes
- $167,000 Last Sold Price1 bed1 bath732 sq ft12900 Lake Ave #226, Lakewood, OH 44107List Price$169,900Sale to List2% under listDays on Market92 days12900 Lake Ave #226, Lakewood, OH 44107
- $335,000 Last Sold Price2 beds1.5 baths994 sq ft12900 Lake Ave #1602, Lakewood, OH 44107Redfin Real Estate CorporationList Price$349,900Sale to List4% under listDays on Market73 days12900 Lake Ave #1602, Lakewood, OH 44107
- $87,000 Last Sold Price1 bed1 bath—sq ft11850 Edgewater #419, Lakewood, OH 44107List Price$89,900Sale to List3% under listDays on Market89 days11850 Edgewater #419, Lakewood, OH 44107
- $325,000 Last Sold Price2 beds2 baths1,046 sq ft12900 Lake Ave #825, Lakewood, OH 44107List Price$325,000Sale to List0% over listDays on Market66 days12900 Lake Ave #825, Lakewood, OH 44107
- $324,000 Last Sold Price5 beds1.5 baths1,979 sq ft1474 Lincoln Ave, Lakewood, OH 44107List Price$349,900Sale to List7% under listDays on Market97 days1474 Lincoln Ave, Lakewood, OH 44107
- Sign in for price Last Sold Price2 beds1 bath1,106 sq ft1262 Jackson Ave, Lakewood, OH 44107Days on Market—1262 Jackson Ave, Lakewood, OH 44107
- $65,900 Last Sold Price1 bed1 bath—sq ft11850 Edgewater Dr #724, Lakewood, OH 44107List Price$65,900Sale to List0% over listDays on Market47 days11850 Edgewater Dr #724, Lakewood, OH 44107
- $285,000 Last Sold Price4 beds1.5 baths1,375 sq ft2205 Olive Ave, Lakewood, OH 44107List Price$264,900Sale to List8% over listDays on Market33 days2205 Olive Ave, Lakewood, OH 44107
See all recently sold homes in Lakewood.
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Schools in Lakewood
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Lincoln Elementary School Public • PreK-5 | 283 Students | 4 reviews |
7/10 Roosevelt Elementary School Public • K-5 | 291 Students | N/A |
7/10 Grant Elementary School Public • K-5 | 323 Students | 4 reviews |
7/10 Harrison Elementary School Public • PreK-5 | 362 Students | 4 reviews |
6/10 Emerson Elementary School Public • PreK-5 | 433 Students | 1 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 - Minor
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Lakewood
Walk Score®
Transit Score®
Bike Score®
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