Is Lakewood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lakewood has remained a Seller's Market.
Housing Prices in Lakewood, CA
How much do homes in Lakewood, CA cost?
Median Sold Price
$840,000
$617/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lakewood was $840,000 in June 2024, up 6.6% from last year, and the median price per square foot was $617.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $424.5K | $415K | -2.2% |
2 Bedrooms | $715K | $770K | +7.7% |
3 Bedrooms | $799.9K | $840K | +5.0% |
4 Bedrooms | $847.4K | $900K | +6.2% |
5+ Bedrooms | $985K | $1.0M | +2.7% |
Summary: Lakewood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Cerritos | $930K | $1.0M | +12.9% |
Bellflower | $700K | $750K | +7.1% |
Lakewood | $788.1K | $840K | +6.6% |
Long Beach-Lakewood | $770K | $819.9K | +6.5% |
Housing Supply in Lakewood, CA
How many homes are available in Lakewood, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
124 | 127 | +2.4% |
Summary: The Lakewood real estate market had 127 homes for sale in June 2024, a 2.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 26 | 22 | -15.4% |
3 Bedrooms | 77 | 78 | +1.3% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Lakewood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
44 | 41 | -6.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Lakewood in June 2024, down by 6.8% month-over-month. Of the 41 sold homes, 10% were sold under asking, 27% were sold at asking, and 63% were sold over asking.
Days on Market for Lakewood, CA
How long does it take to sell a home in Lakewood, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 14 Days | -13.6% |
Summary: Homes in Lakewood had an average of 14 days on market in Jun 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 41 homes were sold in Lakewood; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.