New Listing
44
$69,900
12520 Edgewater Dr Apt 210
Lakewood, OH 44107
1 bd1 ba840 sqft$83/ft²
Condo3.78 acres
Mathew Chase · Keller Williams Greater Metropolitan
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Lakewood, OH Housing Market
Strong seller's market+2.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Lakewood, OH is worth $298,111, rose 2.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $349,000, +8.9% year over year (through May 2026). With 1.9 months of supply and homes going under contract in about 20 days, Lakewood is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $298,111 home is about $1,591/mo in principal and interest.
Key numbers for Lakewood, OH
Typical home value
$298,111
+2.6% in 12 months
Zillow, August 2026
Typical asking rent
$1,410/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$349,000
+8.9% year over year
Redfin, through May 2026
Days on market
20
Fast-moving
Redfin, through May 2026
Active listings
115
1.9 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,925
Home costs 4.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lakewood a buyer's or seller's market?
Strong seller's market1.9 months of supply20 days on market102.1% of asking
Lakewood, OH is a strong seller's market, based on 1.9 months of supply and homes selling in about 20 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lakewood housing market data show?
Every row below is Redfin's final published month for Lakewood, OH. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $349,000 |
| Median list price | $360,000 |
| Year-over-year price change | +8.9% |
| Median price per sq ft | $222/sq ft |
| Median days on market | 20 days |
| Active inventory | 115 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 102.1% |
| Homes sold (that month) | 61 |
| New listings (that month) | 71 |
| Listings with a price cut | 33.9% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lakewood is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lakewood is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lakewood home prices moved?
Over the last three years the median sale price in Lakewood, OH rose 18.3%, from $295,000 to $349,000. The live Zillow value series has rose 2.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.9% of Lakewood listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.9 months while the sale-to-list ratio slips below its current 102.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lakewood?
Priced off the typical home value of $298,111 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $59,622 | $238,489 | $1,591/mo |
| 5% | $14,906 | $283,206 | $1,890/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,591, that implies roughly $68,206 a year before you add taxes and insurance. The median household in Lakewood earns $65,925, about $2,281 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.5x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lakewood in the next 12 months?
Tell us your timeline. We send the Lakewood market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lakewood?
Typical asking rent in Lakewood, OH is $1,410/mo, against a typical home value of $298,111. That is a price-to-rent ratio of 17.6x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,591 a month — $181 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Lakewood?
Active listings in Lakewood, OH went from 100 in May 2025 to 115 in May 2026, a +15.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 106 | 72 |
| July 2025 | 108 | 72 |
| August 2025 | 122 | 72 |
| September 2025 | 129 | 67 |
| October 2025 | 125 | 71 |
| November 2025 | 121 | 52 |
| December 2025 | 97 | 23 |
| January 2026 | 96 | 40 |
| February 2026 | 111 | 59 |
| March 2026 | 107 | 55 |
| April 2026 | 123 | 84 |
| May 2026 | 115 | 71 |
Redfin, through May 2026
How does Lakewood compare to Ohio and the U.S.?
Lakewood homes sell for $349,000 — 23% above the Ohio median of $282,600. Against the national median of $410,700, Lakewood runs 15% lower. Year-over-year, Lakewood moved +8.9% against Ohio's +5.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lakewood, OH | $349,000 | +8.9% | 20 days |
| Ohio statewide | $282,600 | +5.4% | 36 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lakewood
What buyers should watch
- Months of supply, currently 1.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $298 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $298,111 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lakewood listing goes under contract in 20 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 102.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Lakewood added 71 new listings against 61 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lakewood varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lakewood
There are currently 115 homes listed for sale in Lakewood, Ohio. The median listing price is $360K. Featured listings range from $69,900 to $699,900.
New Listing
27
$209,900
12900 Lake Ave Apt 1016
Lakewood, OH 44107
1 bd1 ba744 sqft$282/ft²
Condo
Suzanne Lambert · Howard Hanna
View photos & details
New Listing
29
$210,000
12900 Lake Ave Apt 2005
Lakewood, OH 44107
1 bd1 ba720 sqft$292/ft²
Condo
Brian Gilbert · The Holden Agency
View photos & details
New Listing
36
$219,900
12900 Lake Ave Apt 320
Lakewood, OH 44107
2 bd2 ba1,046 sqft$210/ft²
Condo
Brandy Phillips · Keller Williams Citywide
View photos & details
New Listing
38
$229,900
1314 Cove Ave
Lakewood, OH 44107
3 bd2 ba1,044 sqft$220/ft²
House3,690 sqft lot
Zachariah Hays · Keller Williams Living
View photos & details
New Listing
49
$292,000
12550 Lake Ave Apt 503
Lakewood, OH 44107
2 bd2 ba1,176 sqft$248/ft²
Condo4.70 acres
Greg Fusco · Howard Hanna
View photos & details
New Listing
29
$319,900
12950 Emerson Ave
Lakewood, OH 44107
4 bd2 ba2,242 sqft$143/ft²
Multi-family3,920 sqft lot
Lucy Loper · Howard Hanna
View photos & details
New Listing
50
$354,000
17712 Riverway Dr
Lakewood, OH 44107
4 bd3 ba1,638 sqft$216/ft²
House10,350 sqft lot
Gregory Erlanger · Keller Williams Citywide
View photos & details
New Listing
35
$389,000
14915 Clifton Blvd
Lakewood, OH 44107
5 bd2 ba0 sqft0
House8,276 sqft lot
Ari Dori · Acacia Realty, LLC.
View photos & details
New Listing
48
$430,000
1228 Andrews Ave
Lakewood, OH 44107
4 bd2 ba1,778 sqft$242/ft²
House5,227 sqft lot
Patricia Zaller · HomeSource Real Estate LLC
View photos & details
New Listing
38
$435,000
1281 Cook Ave
Lakewood, OH 44107
6 bd2 ba0 sqft0
Multi-family4,792 sqft lot
Michael Anter · JAMM Real Estate Co.
View photos & details
New Listing
16
$699,900
13971 Lake Ave
Lakewood, OH 44107
4 bd4 ba2,204 sqft$318/ft²
House12,872 sqft lot
Scott Marvin · Team Results Realty
View photos & details
Looking to buy in Lakewood?
Get connected with a local real estate expert — free, no obligation.
Active listings
115
Homes on market
Median list price
$360K
Avg. days on market
20
Days until sale
New this week
71
Newly listed
Price drops:33.9%of listings
Sale-to-list:102.1%
How much do homes cost in Lakewood by property type?
How the Lakewood, OH market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $382,500 | $237/sq ft | 38 | 6 days |
| Condo / co-op | $102,450 | $121/sq ft | 12 | 51 days |
| Townhouse | $396,000 | $171/sq ft | 2 | 38 days |
Who lives in Lakewood?
American Community Survey estimates for Lakewood. U.S. Census ACS, 2023
Population
50,229
Households
26,569
Median income
$65,925/yr
Median age
34.7 years
Owner-occupied
44.5%
Median home value
$241,500
Median gross rent
$1,013/mo
Mean commute
23.4 min
44.5% of occupied homes in Lakewood are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $241,500 against Zillow's $298,111 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,013/mo, below Zillow's $1,410/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Lakewood?
12 schools tracked · 4,410 students
The largest public schools serving Lakewood, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lakewood High School
Grades 8-12 · 1,414 students
Garfield Middle School
Grades 6-8 · 469 students
Harding Middle School
Grades 6-8 · 459 students
Grant Elementary School
Grades PK-5 · 330 students
Emerson Elementary School
Grades K-5 · 310 students
Hayes Elementary School
Grades PK-5 · 290 students
Harrison Elementary School
Grades PK-5 · 270 students
Lincoln Elementary School
Grades PK-5 · 264 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lakewood, OH?
Ordered by distance from Lakewood, not by size. Compare Lakewood side by side with any of them.
Which ZIP codes are in Lakewood?
These are the ZIP codes we see on active Lakewood listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Lakewood housing market FAQ
Is Lakewood a buyer's or seller's market?
Lakewood, OH is currently a strong seller's market. That read comes from 1.9 months of supply, homes going under contract in about 20 days, and sellers getting 102.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lakewood?
The typical home in Lakewood, OH is worth $298,111 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $349,000, about $222 per square foot.
Is Lakewood cheaper than the rest of Ohio?
Lakewood's median sale price of $349,000 is 23% higher than the Ohio statewide median of $282,600, and 15% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lakewood?
Homes in Lakewood, OH spent a median of 20 days on market before going under contract, versus 36 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Lakewood?
At the current 30-year fixed rate of 7.03%, 20% down on a $298,111 home is about $1,591 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $68,206 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,925.
Are home prices rising in Lakewood?
The typical home value in Lakewood, OH rose 2.6% over the last 12 months, from $290,595 to $298,111 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lakewood?
Lakewood ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lakewood?
That depends on your timeline, not on a headline. What the data says today: Lakewood, OH is a strong seller's market with 1.9 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 17.6x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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