Lakewood, CA Real Estate Listings & Homes For Sale

In December 2024, Lakewood’s housing market showed steady growth, with home prices rising 1.8% year-over-year to a median of $850K. Homes took slightly longer to sell, averaging 33 days on the market compared to 28 days the previous year, reflecting a modest shift in buyer behavior or market conditions. Interestingly, the number of homes sold remained consistent, with 41 transactions recorded both this year and last, signaling stable demand despite the extended selling timelines. This suggests a balanced market where sellers can still achieve competitive prices, while buyers may have a bit more time to explore their options.

Lakewood’s housing market is highly competitive, with homes typically selling in about 36 days. Many properties attract multiple offers, often with waived contingencies, reflecting the strong demand in the area. On average, homes sell for approximately 1% above their list price, but particularly desirable "hot homes" can fetch up to 4% above the asking price and go pending in as little as 24 days, showcasing the market’s dynamic pace and the premium placed on sought-after listings.

In December 2024, Lakewood, CA, firmly positioned itself as a seller's market, indicating a higher demand for homes than the available supply. This competitive dynamic creates favorable conditions for sellers, often leading to quicker sales, multiple offers, and potentially higher sale prices as buyers compete for limited inventory.