Is Lakewood, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lakewood has remained a Seller's Market.
Housing Prices in Lakewood, CO
How much do homes in Lakewood, CO cost?
Median Sold Price
$581,930
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakewood was $581,930 in March 2024, up 3.2% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279.9K | $267.5K | -4.5% |
2 Bedrooms | $366K | $365K | -0.3% |
3 Bedrooms | $569.7K | $565K | -0.8% |
4 Bedrooms | $660.2K | $667.9K | +1.2% |
5+ Bedrooms | $764.6K | $785K | +2.7% |
Summary: Lakewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Morrison | $704.7K | $770K | +9.3% |
Lakewood | $563.6K | $581.9K | +3.2% |
Northeast Jefferson | $599.9K | $604.8K | +0.8% |
Wheat Ridge | $658.2K | $630K | -4.3% |
Edgewater | $715.3K | $645K | -9.8% |
Housing Supply in Lakewood, CO
How many homes are available in Lakewood, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
494 | 644 | +30.4% |
Summary: The Lakewood real estate market had 644 homes for sale in March 2024, a 30.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 32 | -3.0% |
2 Bedrooms | 134 | 177 | +32.1% |
3 Bedrooms | 166 | 201 | +21.1% |
4 Bedrooms | 89 | 143 | +60.7% |
5+ Bedrooms | 72 | 91 | +26.4% |
Summary: The Lakewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 60.7%, and 5+ bedroom homes increased by 26.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
128 | 175 | +36.7% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Summary: A total of 175 homes were sold or pending in Lakewood in March 2024, up by 36.7% month-over-month. Of the 175 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% were sold over asking.
Days on Market for Lakewood, CO
How long does it take to sell a home in Lakewood, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 29 Days | +7.7% |
Summary: Homes in Lakewood had an average of 29 days on market in Mar 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 175 homes were sold in Lakewood; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.