Is Lakewood, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lakewood was $207,250 in April 2024, up 3.7% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $230K | +21.1% |
2 Bedrooms | $138.7K | $99.9K | -28.0% |
3 Bedrooms | $190K | $200K | +5.3% |
4 Bedrooms | $285K | $290.5K | +1.9% |
5+ Bedrooms | $394.9K | $201.5K | -49.0% |
Summary: Lakewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes decreased by 28%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 49%.
Housing Supply in Lakewood, NY
How many homes are available in Lakewood, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The Lakewood real estate market had 19 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
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 decreased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lakewood in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 32 Days | -50.4% |
Summary: Homes in Lakewood had an average of 32 days on market in Apr 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Lakewood; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.