$4,393 Closing Credit*
$369,900
1,573 SqFt
3 Beds
•2 Full Baths
VICTORIA TYLER, Listing Office: HERRON REAL ESTATE LLC
Is Lakewood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$277,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,500(-5.0%)
Key Takeaway
Homes in Lakewood have sold for 5% less than they did a year ago.
Summary: The median home sold price in Lakewood was $277,500 in November 2024, down 5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $114.7K | -7.1% |
| 2 Bedrooms | $214.7K | $270K | +25.7% |
| 3 Bedrooms | $305.2K | $267.9K | -12.2% |
| 4 Bedrooms | $317.5K | $377.5K | +18.9% |
| 5+ Bedrooms | $910K | $1.0M | +12.6% |
Summary: Lakewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 25.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 18.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The Lakewood real estate market had 41 homes for sale in November 2024, a 5.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lakewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lakewood in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 63 Days | +20.7% |
Summary: Homes in Lakewood had an average of 63 days on market in Nov 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 7 homes were sold in Lakewood; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
