The Lakewood housing market is very competitive. Homes in Lakewood receive 2 offers on average and sell in around 13 days. The median sale price of a home in Lakewood was $480K last month, up 1.1% since last year. The median sale price per square foot in Lakewood is $317, up 6.4% since last year.
What is the housing market like in Lakewood today?
In March 2024, Lakewood home prices were up 1.1% compared to last year, selling for a median price of $480K. On average, homes in Lakewood sell after 13 days on the market compared to 38 days last year. There were 41 homes sold in March this year, down from 64 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$480,000
+1.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lakewood, WA
$480,000
+1.1%
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 Lakewood 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 very competitive. Homes sell in 13.5 days.
0
100
81
Very 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 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 14 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lakewood
Explore recent offers and recently sold homes in Lakewood
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$550K Offer
Sold for $550K
3bd | 1.75ba | ~1,000sqft
Over List Price
0%
Days on Market
5
Competing Offers
1
Down Payment
<10%
Ann Sammon
Lakewood Redfin Agent
Similar offers but wining buyer had 3x the down payment.
View houses in Lakewood that sold recently
Recently sold homes
SOLD MAY 2, 2024
$359,000 Last Sold Price
2 beds
2 baths
962 sq ft
8612 Onyx Dr SW Unit A, Lakewood, WA 98498
James Smith • Better Properties Gig Harbor Coldwell Banker Tomlinson
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Carter Lake Elementary School
Public • PreK-5
498
Students
9 reviews
5/10
Manitou Park
Public • PreK-5
519
Students
14 reviews
5/10
Idlewild Elementary School
Public • PreK-5
506
Students
13 reviews
5/10
Lake Louise Elementary School
Public • PreK-5
448
Students
3 reviews
5/10
Dower Elementary School
Public • PreK-5
298
Students
6 reviews
Only showing 5 of
16 elementary schools.
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
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lakewood has a major risk of flooding. 2,817 properties in Lakewood are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in Lakewood. Flood risk is increasing slower than the national average.
35% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lakewood has a minor risk of wildfire. There are 5,937 properties in Lakewood that have some risk of being affected by wildfire over the next 30 years. This represents 35% of all properties in Lakewood.