$799,000
0.17 Acres
Land
Sarah Ackerman, Listing Office: RE/MAX N.O. Properties
Is Lakewood, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lakewood was a Buyer'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, LA
How much do homes in Lakewood, LA cost?
Median Sold Price
$645,000
$195/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$122,500(+23.4%)
Key Takeaway
Homes in Lakewood have sold for 23.4% more than they did a month ago.
Summary: The median home sold price in Lakewood was $645,000 in November 2024, up 23.4% from last month, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $615K | $673K | +9.4% |
| 4 Bedrooms | - | $617K | N/A |
| 5+ Bedrooms | $430K | - | N/A |
Summary: Lakewood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Navarre | $368K | $511.8K | +39.1% |
| Lakewood | $522.5K | $645K | +23.4% |
Housing Supply in Lakewood, LA
How many homes are available in Lakewood, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Lakewood real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lakewood in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Lakewood, LA
How long does it take to sell a home in Lakewood, LA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 96 Days | +21.4% |
Summary: Homes in Lakewood had an average of 96 days on market in Nov 2024, up by 21.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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, 4 homes were sold in Lakewood; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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