Is Lakewood, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$579,959
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lakewood was $579,959 in February 2024, up 1.8% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $269.5K | -3.8% |
2 Bedrooms | $370K | $359.8K | -2.7% |
3 Bedrooms | $584.7K | $560K | -4.2% |
4 Bedrooms | $660.1K | $665K | +0.7% |
5+ Bedrooms | $777.3K | $775K | -0.3% |
Summary: Lakewood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
Morrison | $700K | $766.3K | +9.5% |
Lakewood | $569.7K | $579.9K | +1.8% |
Northeast Jefferson | $603.6K | $600K | -0.6% |
Wheat Ridge | $668.8K | $632.8K | -5.4% |
Housing Supply in Lakewood, CO
How many homes are available in Lakewood, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
425 | 519 | +22.1% |
Summary: The Lakewood real estate market had 519 homes for sale in February 2024, a 22.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 34 | +41.7% |
2 Bedrooms | 110 | 145 | +31.8% |
3 Bedrooms | 123 | 164 | +33.3% |
4 Bedrooms | 88 | 100 | +13.6% |
5+ Bedrooms | 80 | 76 | -5.0% |
Summary: The Lakewood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
145 | 121 | -16.6% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 121 homes were sold or pending in Lakewood in February 2024, down by 16.6% month-over-month. Of the 121 sold homes, 40% were sold under asking, 26% were sold at asking, and 33% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 37 Days | -9.1% |
Summary: Homes in Lakewood had an average of 37 days on market in Feb 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During February 2024, 121 homes were sold in Lakewood; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.