Is Lakewood, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lakewood was a Neutral Market.
Housing Prices in Lakewood, NY
How much do homes in Lakewood, NY cost?
Median Sold Price
$207,250
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lakewood was $207,250 in February 2024, up 5.8% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269.9K | $146.2K | -45.8% |
2 Bedrooms | $140K | $99.9K | -28.6% |
3 Bedrooms | $187.4K | $206.5K | +10.2% |
4 Bedrooms | $292.5K | $290K | -0.9% |
5+ Bedrooms | $399.9K | $201.5K | -49.6% |
Summary: Lakewood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 49.6%.
Housing Supply in Lakewood, NY
How many homes are available in Lakewood, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Lakewood real estate market had 18 homes for sale in February 2024, a 12.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lakewood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lakewood in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 25 Days | -46.4% |
Summary: Homes in Lakewood had an average of 25 days on market in Feb 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Lakewood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.