Lakewood Real Estate Market & Area Information Stacy Pearson, September 7, 2023 Lakewood, CA is experiencing a thriving real estate market, with median home prices showing positive trends. In July 2023, the median listing home price was $819.4K, reflecting a 2.4% year-over-year increase. Homes in Lakewood are selling above asking price, with a high sale-to-list price ratio of 103.77%. It’s a seller’s market, with more buyers than available homes. The city also offers excellent public schools and a wide range of amenities, making it a desirable location for homebuyers. Median Home Prices in Lakewood, CA In July 2023, the median listing home price in Lakewood, CA was $819.4K, showing a 2.4% year-over-year increase. This indicates a positive trend in the real estate market. However, this rise in home prices may affect housing affordability for potential buyers. Despite this, there is still high homebuyer demand in Lakewood, CA, with more people looking to buy homes than there are available properties. The seller’s market conditions further contribute to the competitiveness of the housing market. As a result, homes in Lakewood, CA are selling for an average of 3.77% above the asking price. It is important for homebuyers to carefully consider their budget and explore available options to ensure they can afford a home in this thriving real estate market. Housing Market Trends in Lakewood, CA Buyers in the housing market of Lakewood, California are experiencing longer wait times as the median days on market has increased. According to recent real estate market analysis, homes in Lakewood are now taking longer to sell compared to previous months. The median days on market in Lakewood has shown an upward trend recently, indicating a slowdown in the housing market. This trend is worth noting for potential buyers who may need to adjust their expectations and be prepared for a longer search process. However, it’s important to keep in mind that the overall real estate market in Lakewood, California is still thriving, with positive trends in median home prices and a high sale-to-list price ratio. As always, conducting thorough research and working with a knowledgeable real estate agent can help buyers navigate the current housing market trends in Lakewood, CA. Seller’s Market in Lakewood, CA Seller’s market conditions are currently prevalent in the city of Lakewood, California. This indicates that there are more buyers looking to purchase homes than there are homes available for sale. As a result, sellers have the advantage in negotiations, often leading to higher sale prices. The impact of this seller’s market on home prices in Lakewood can be seen in the median listing price of $819.4K in July 2023, which represents a 2.4% year-over-year increase. Additionally, the sale-to-list price ratio is at 103.77%, indicating that homes in Lakewood are selling for above their asking prices on average. This strong demand and limited supply of homes have contributed to the upward pressure on home prices, making it a challenging market for buyers in Lakewood. Public Schools in Lakewood, CA Public schools in Lakewood, California offer a range of educational opportunities for students, with a focus on high-quality instruction and college readiness. These schools have consistently received good ratings from GreatSchools, indicating their commitment to providing a strong education. The ratings are based on various indicators, including test scores and college readiness programs. Students in Lakewood can benefit from the emphasis placed on preparing them for higher education. The schools in the area offer a variety of courses and extracurricular activities to enhance the learning experience. With the goal of equipping students for success beyond their K-12 education, these public schools in Lakewood are dedicated to fostering a supportive and enriching environment. Quality of Education in Lakewood, CA The quality of education in Lakewood, California is evident through the consistent good ratings received by the local schools. The schools in Lakewood boast a high standard of education, thanks to the quality of teachers who are dedicated to their profession. These teachers go above and beyond to provide a nurturing and engaging learning environment for their students. Additionally, Lakewood schools offer a wide range of extracurricular activities to enhance the overall educational experience. Students have the opportunity to participate in various clubs, sports teams, and artistic endeavors. These activities not only promote physical fitness and creativity but also teach valuable life skills such as teamwork, leadership, and time management. The commitment to providing a well-rounded education is evident in the schools of Lakewood, ensuring that students receive a comprehensive learning experience. Abundant Amenities in Lakewood, CA Numerous grocery stores, cafes, and restaurants are available for residents to enjoy in the city of Lakewood, California. With a thriving real estate market and great schools, Lakewood offers a wide range of amenities to its residents. The city boasts a competitive grocery store scene, with several options for residents to choose from. These stores provide a variety of products and services, catering to the diverse needs of the community. In addition to the current amenities, Lakewood has plans for upcoming amenities, such as parks and gyms, which will further enhance the quality of life for its residents. These upcoming amenities will provide more options for recreation and leisure activities, contributing to the overall appeal of living in Lakewood. Grocery Stores and Restaurants in Lakewood, CA Residents in Lakewood, California have a wide selection of grocery stores and restaurants to choose from, providing a diverse range of options for their daily needs and dining preferences. The city boasts a competitive grocery store market, with numerous options available to residents. From large chain supermarkets to local specialty stores, there is something for everyone. In addition to the variety of grocery stores, Lakewood also offers a wide array of restaurants. Residents can enjoy cuisines from around the world, including Mexican, Italian, Asian, and more. Whether they are looking for a quick bite to eat or a fine dining experience, there are plenty of options to satisfy any craving. The abundance of grocery stores and restaurants in Lakewood ensures that residents have convenient and delicious choices for their shopping and dining experiences. Rental Options in Lakewood, CA A wide range of rental options are available in Lakewood, providing residents with a variety of choices to meet their housing needs and preferences. Rental prices in Lakewood, CA range from $1.7K to $4.4K per month, offering options for different budgets. The rental market in Lakewood is vibrant, with upcoming developments that will further expand the rental options available to residents. These developments will provide new and modern rental units, catering to the growing demand in the area. As the city continues to thrive, more amenities such as parks and gyms are also being planned to enhance the quality of life for residents. With a combination of affordable rental prices and upcoming developments, Lakewood, CA remains an attractive option for those looking to rent in a desirable location. Additional Real Estate Listings in Lakewood, CA There are a variety of additional listings available for open houses, price reduced properties, foreclosures, recently sold homes, new home communities, and new home construction in Lakewood, CA. The real estate market in Lakewood, CA is thriving, with new housing developments and upcoming amenities on the horizon. Buyers can explore a range of options, from open houses to foreclosures, to find their ideal property. In addition, there are new home communities and construction projects that offer the opportunity for buyers to customize their dream home. With the availability of these additional listings, potential buyers in Lakewood, CA have a wide range of choices to consider. As the city continues to grow, upcoming amenities will further enhance the quality of life for residents. Overview of Lakewood, CA Located in California, Lakewood is a city that offers positive trends in median home prices, making it a desirable location for potential buyers. The real estate market in Lakewood, CA has shown an increase in median home prices, indicating a thriving market. This seller’s market has a high sale-to-list price ratio, with homes selling for an average of 3.77% above asking price in July 2023. In addition to the favorable housing market, Lakewood, CA also boasts good public schools and an abundance of amenities. The city is home to numerous grocery stores, cafes, and restaurants, providing residents with convenient access to their everyday needs. Furthermore, Lakewood, CA promotes a quality of life through community events that bring people together and foster a sense of belonging. Blogging