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Featured local agent — Lakewood, TN
Sarah Mitchell
Compass Real Estate · Lakewood, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lakewood, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.97Mmedian sale price
How is the Lakewood, TN housing market right now?
The median home sale price in Lakewood, TN is $1.97M, up 430.2% year-over-year. Homes sell in an average of 284 days with 20 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lakewood a buyer's or seller's market?
Lakewood, TN is currently a buyer's market, based on 20.0 months of supply and homes selling in about 284 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
284
Average pace
Active listings
20
20.0 months supply
Sale-to-list
100.0%
Above asking
What does the Lakewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.97M |
| Median list price | $349,950 |
| Year-over-year price change | +430.2% |
| Average days on market | 284 days |
| Active inventory | 20 listings |
| Months of supply | 20.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $333/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 4 |
| Listings with a price cut | 35.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lakewood by property type?
How the Lakewood, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.97M | $333/sq ft | 1 | 284 days |
| Townhouse | $485,000 | $269/sq ft | 1 | 273 days |
Source: Redfin · Updated monthly
The Lakewood housing market is currently classified as a buyer's market with a median sale price of $1.97M. Prices have risen 430.2% compared to last year, with homes spending an average of 284 days on market, indicating 20.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Lakewood
There are currently 20 homes listed for sale in Lakewood, Tennessee. The median listing price is $350K.
Active listings
20
Homes on market
Median list price
$350K
Avg. days on market
284
Days until sale
New this week
4
Newly listed
Which cities are near Lakewood, TN?
Want a head-to-head view? Compare Lakewood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lakewood?
The median home sale price in Lakewood is $1.97M, up 430.2% from last year.
How long do homes stay on market in Lakewood?
Homes typically spend 284 days on market before going under contract.
Is Lakewood a buyer's or seller's market?
With 20.0 months of supply, Lakewood is currently a buyer's market.
How much does a single-family home cost in Lakewood?
The median single-family home price in Lakewood, TN is $1.97M (about $333 per square foot).
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