Is Lakewood, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lakewood has remained a Buyer's Market.
Key Takeaway
Lakewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakewood, LA
How much do homes in Lakewood, LA cost?
Median Sold Price
$773,680
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lakewood have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Lakewood was $773,680 in April 2024, up 12.1% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | - | N/A |
| 3 Bedrooms | $524.9K | $629K | +19.8% |
| 4 Bedrooms | $829K | $772.3K | -6.8% |
| 5+ Bedrooms | $725K | $1.2M | +69.0% |
Summary: Lakewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 69%.
Housing Supply in Lakewood, LA
How many homes are available in Lakewood, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Lakewood real estate market had 28 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lakewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lakewood in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 13 Days | -23.5% |
Summary: Homes in Lakewood had an average of 13 days on market in Apr 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 April 2024, 1 homes were sold in Lakewood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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