The Lakewood housing market is very competitive. Homes in Lakewood receive 3 offers on average and sell in around 8 days. The median sale price of a home in Lakewood was $522K last month, up 4.5% since last year. The median sale price per square foot in Lakewood is $306, up 3.4% since last year.
What is the housing market like in Lakewood today?
In April 2024, Lakewood home prices were up 4.5% compared to last year, selling for a median price of $522K. On average, homes in Lakewood sell after 8 days on the market compared to 18 days last year. There were 58 homes sold in April this year, up from 47 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$522,500
+4.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lakewood, WA
$522,500
+4.5%
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.
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How hot is the Lakewood housing market?
Lakewood is very competitive. Homes sell in 8 days.
0
100
85
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 8 days.
Hot homes
can sell for about 4% 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|
9 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.
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.