Lakewood, IL

Balanced market+42.5% YoY

Housing market overview · Updated weekly

$595,000median sale price

Homes sold

5

Last 12 weeks

Days on market

113

Average pace

Active listings

15

3.0 months supply

Sale-to-list

97.4%

Below asking

The Lakewood housing market is currently classified as a balanced market with a median sale price of $595,000. Prices have risen 42.5% compared to last year, with homes spending an average of 113 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Lakewood

There are currently 15 homes listed for sale in Lakewood, Illinois. The median listing price is $385K.

Active listings

15

Homes on market

Median list price

$385K

Avg. days on market

113

Days until sale

New this week

3

Newly listed

Price drops:20.0%of listings
Sale-to-list:97.4%

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Frequently asked questions

What is the average home price in Lakewood?

The median home sale price in Lakewood is $595,000, up 42.5% from last year.

How long do homes stay on market in Lakewood?

Homes typically spend 113 days on market before going under contract.

Is Lakewood a buyer's or seller's market?

With 3.0 months of supply, Lakewood is currently a balanced market.

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