$5,344 Closing Credit*
$450,000
2,543 SqFt
4 Beds
•2 Full Baths
STEVEN JUDD, Listing Office: REAL BROKER LLC
Is Lakewood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lakewood has remained a Seller's Market.
Key Takeaway
Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakewood, FL
How much do homes in Lakewood, FL cost?
Median Sold Price
$285,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,500(-2.9%)
Key Takeaway
Homes in Lakewood have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Lakewood was $285,000 in October 2024, down 2.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $107K | -13.4% |
| 2 Bedrooms | $215K | $270K | +25.6% |
| 3 Bedrooms | $305.7K | $280K | -8.4% |
| 4 Bedrooms | $317.5K | $335K | +5.5% |
| 5+ Bedrooms | $910K | $1.0M | +12.6% |
Summary: Lakewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 25.6%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in Lakewood, FL
How many homes are available in Lakewood, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The Lakewood real estate market had 38 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lakewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lakewood in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Lakewood, FL
How long does it take to sell a home in Lakewood, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 32 Days | -23.5% |
Summary: Homes in Lakewood had an average of 32 days on market in Oct 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakewood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Lakewood; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
