Is Lakewood, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakewood is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Lakewood has remained a Seller's Market.

Key Takeaway

Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lakewood, TN cost?

Median Sold Price

$342,450

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$32,450(+10.5%)

Key Takeaway

Homes in Lakewood have sold for 10.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $226K$279.9K
+23.8%
3 $304K$345K
+13.5%
4 $415K$480K
+15.7%
5+ $1.2M$1.4M
+12.0%

Median Sold Price Compared To Nearby Cities

Old Hickory
+26.7%
Lakewood
+10.5%

How many homes are available in Lakewood, TN?

Number of Homes For Sale

Oct 2022Nov 2022%
2823-17.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1010
0.0%
3 128
-33.3%
4 54
-20.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
512+140.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakewood, expect to pay close to the asking price. 91.7% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
35 Days4 Days-87.5%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakewood are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lakewood, TN

Homes for sale in Lakewood, TN have reached 23. Between October 2022 and November 2022, Lakewood, TN real estate market has seen decrease in the number of listings by 17.9%. Listings spent 4 days on the market in November 2022, and had a median list price of $342,450 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 23.8% more expensive, prices of 3 bedrooms properties increased by 13.5%, 4 bedrooms properties prices increased by 15.7%, the cost of 5 bedrooms properties went up by 12%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, 3 bedrooms homes became 33.3% less available, volume of 4 bedrooms homes went down by 20%, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in November 2022 in Lakewood, TN. In the same period over 0 listings were sold below the listed price and 11 listings were sold for the listed price.

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