Lakewood Ohio Real Estate Market Update

Here are the latest housing trends for Lakewood, Ohio from the MLS. We'll look at Active, Expireds and Solds in the last three months only. (Between June and October of 2008) Pay closest attention to the sold homes in Lakewood as this gives you an accurate idea of what homes are actually going for. These are all averages and naturally, each home in Lakewood is unique and requires its own evaluation. (Find Your Home's Value) If you'd like a market update for the city in Ohio you're in, post a comment below or contact me.

Homes For Sale In Lakewood, Ohio
Homes That Are Active - 347
Average List Price - $169,290
Average Days On Market - 103
Average Size - 1,600 SqFt - 2 bedroom, 1 bath

Homes That Have Expired In Lakewood, Ohio
Homes That Have Expired - 219
Average List Price - $160,932
Average Days On The Market - 162
Average Size - 1,652 SqFt - 3 bedroom, 1 bath

Homes That Have Sold In Lakewood, Ohio
Homes That Have Sold - 165
Average List Price - $126,705
Average Selling Price - $119,804
Average Days On The Market - 85
Average Size - 1,538 SqFt - 3 bedroom, 1 bath


Homes right now in Lakewood, Ohio are selling for 94% of their asking price. Homes are also being sold at approximately $76 a SqFt. Naturally these numbers seem low but you must also remember, there are many bank owned homes for sale in Lakewood. It pulls the averages down. If you're really curious about a particular street or home's value, it needs to be evaluated individually. Please let me know if you need an explanation of any numbers above or if you're thinking of buying or selling a home.