Is Lakewood, CO 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 Seller's Market.
Key Takeaway
Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakewood, CO
How much do homes in Lakewood, CO cost?
Median Sold Price
$600,666
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lakewood have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Lakewood was $600,666 in April 2024, up 2.1% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $264.5K | -11.2% |
| 2 Bedrooms | $375K | $364.9K | -2.7% |
| 3 Bedrooms | $578.9K | $575K | -0.7% |
| 4 Bedrooms | $660K | $689.5K | +4.5% |
| 5+ Bedrooms | $825K | $807.5K | -2.1% |
Summary: Lakewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Morrison | $700K | $840K | +20.0% |
| Northeast Jefferson | $609.6K | $624.9K | +2.5% |
| Lakewood | $588.2K | $600.6K | +2.1% |
| Wheat Ridge | $678.5K | $668.7K | -1.4% |
| Edgewater | $715K | $620K | -13.3% |
Housing Supply in Lakewood, CO
How many homes are available in Lakewood, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 320 | 495 | +54.7% |
Summary: The Lakewood real estate market had 495 homes for sale in April 2024, a 54.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 30 | +50.0% |
| 2 Bedrooms | 95 | 138 | +45.3% |
| 3 Bedrooms | 95 | 148 | +55.8% |
| 4 Bedrooms | 69 | 123 | +78.3% |
| 5+ Bedrooms | 41 | 56 | +36.6% |
Summary: The Lakewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 45.3%, 3 bedroom homes increased by 55.8%, 4 bedroom homes increased by 78.3%, and 5+ bedroom homes increased by 36.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 149 | +181.1% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.
Summary: A total of 149 homes were sold or pending in Lakewood in April 2024, up by 181.1% month-over-month. Of the 149 sold homes, 30% were sold under asking, 28% were sold at asking, and 42% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 25 Days | +160.9% |
Summary: Homes in Lakewood had an average of 25 days on market in Apr 2024, up by 160.9% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 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, 149 homes were sold in Lakewood; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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