$3,859 Closing Credit*
$325,000
3,226 SqFt
5 Beds
•3 Full Baths
Tara Walrod, Listing Office: Walrod Realty
Is Lakewood, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, NY
How much do homes in Lakewood, NY cost?
Median Sold Price
$299,450
$139/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$65,450(+28.0%)
Key Takeaway
Homes in Lakewood have sold for 28% more than they did a month ago.
Summary: The median home sold price in Lakewood was $299,450 in November 2024, up 28% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | - | N/A |
| 2 Bedrooms | $175K | $309K | +76.6% |
| 3 Bedrooms | $249K | - | N/A |
| 4 Bedrooms | $135K | $289.9K | +114.7% |
| 5+ Bedrooms | $245K | - | 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 increased by 76.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 114.7%, and 5+ bedroom homes did not change.
Housing Supply in Lakewood, NY
How many homes are available in Lakewood, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The Lakewood real estate market had 20 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lakewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
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, down by 42.9% 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, NY
How long does it take to sell a home in Lakewood, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 63 Days | +304.6% |
Summary: Homes in Lakewood had an average of 63 days on market in Nov 2024, up by 304.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakewood has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Lakewood; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
