10 hours on Rocket
$3,918 Closing Credit¹
#5113230, Christopher M Burns, Listing Office: Keller Williams Greater Metropolitan
Lakewood Housing Market Report March 2025•Cuyahoga County, Ohio
Housing Prices in Lakewood, OH
How much do homes in Lakewood, OH cost?
Housing Market Conditions
Is Lakewood, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lakewood is a Seller's Market
Difference Since March 2024
Since last year, Lakewood has remained a Seller's Market.
Insight
Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$315,000$172/SqFt
+$29,625
+10.4%
Based on all homes sold in the last 12 months
Insight
Homes in Lakewood have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Lakewood was $315,000 in March 2025, up 10.4% from last year, and the median price per square foot was $172.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Lakewood | $285.3K | $315K | +10.4% |
| Fairview Park | $259K | $285K | +10.0% |
| Cleveland | $157.1K | $170.8K | +8.7% |
| Rocky River | $360K | $359.9K | 0.0% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $99.5K | $92.5K | -7.0% |
| 22 Bedrooms | $175K | $212K | +21.1% |
| 33 Bedrooms | $285.2K | $304K | +6.6% |
| 44 Bedrooms | $320.8K | $340.5K | +6.1% |
| 55+ Bedrooms | $368.5K | $400.5K | +8.7% |
Summary: Lakewood housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.0%. The home price for 2 bedroom homes increased by +21.1%. The home price for 3 bedroom homes increased by +6.6%. The home price for 4 bedroom homes increased by +6.1%. The home price for 5 bedroom homes increased by +8.7%.
How does Lakewood, OH compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lakewood, OH
Housing supply in Lakewood, OH
How many homes are available in Lakewood, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 157Last MonthMar 2025 | ||
| 1322 months agoFeb 2025 | +18.9 % Change MoMFeb – Mar |
Summary: The Lakewood real estate market had 157 homes for sale in Mar 2025, a 18.9 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 40Last MonthMar 2025 | ||
| 392 months agoFeb 2025 | +2.6 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 22 | 26 | +18.2% |
| 22 Bedrooms | 23 | 25 | +8.7% |
| 33 Bedrooms | 33 | 49 | +48.5% |
| 44 Bedrooms | 38 | 43 | +13.2% |
| 55+ Bedrooms | 16 | 14 | -12.5% |
Summary: Lakewood housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +18.2%. The inventory for 2 bedroom homes increased by +8.7%. The inventory for 3 bedroom homes increased by +48.5%. The inventory for 4 bedroom homes increased by +13.2%. The inventory for 5 bedroom homes decreased by -12.5%.
Asking Price vs. Sold Price
How much do homes in Lakewood, OH cost?
Over Asking Price19 Homes
At Asking Price5 Homes
Under Asking Price16 Homes
Insight
If you're buying a home in Lakewood, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Lakewood in March 2025, up by 2.6% month-over-month. Of the 40 sold homes, 40% were sold under asking, 13% were sold at asking, and and 48% were sold over asking.
Days on Market for Lakewood, OH
How long does it take to sell a home in Lakewood, OH?
Breakdown of Home Sale Times
Under 30 Days23 Homes
30 – 90 Days6 Homes
Over 90 Days11 Homes
Insight
Many homes in Lakewood are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 40 homes were sold in Lakewood; 57% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 54 DaysThis YearMar 2025 | ||
| 45 Days1 year agoMar 2024 | +20.5 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Lakewood had an average listing age of 54 days in Mar 2025, up by 20.5% compared to the previous year.
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Newest Listings in Lakewood, OH
What homes are available in Lakewood, OH?
15 hours on Rocket
$5,166 Closing Credit¹
#5112600, Ed Huck, Listing Office: Keller Williams Citywide
1 day on Rocket
$1,186 Closing Credit¹
#5111584, Jayme Kostelnik, Listing Office: Keller Williams Greater Metropolitan
1 day on Rocket
$4,869 Closing Credit¹
#5110016, Uday T Patel, Listing Office: Keller Williams Greater Metropolitan
2 days on RocketBackup offers
$4,750 Closing Credit¹
#5112643, Alexandria Rose, Listing Office: Lake Realty, Inc.
3 days on Rocket
$4,274 Closing Credit¹
#5112499, Michele M Evans, Listing Office: Richard Katz Realty & Condo Realty
3 days on Rocket
$2,849 Closing Credit¹
#5112505, Michele M Evans, Listing Office: Richard Katz Realty & Condo Realty
4 days on Rocket
$5,047 Closing Credit¹
#5112440, Kayleen McDowell, Listing Office: McDowell Homes Real Estate Services
4 days on Rocket
$2,969 Closing Credit¹
#5112433, Christopher Knight, Listing Office: Allstar Management, LLC.
5 days on RocketBackup offers
$3,561 Closing Credit¹
#5112233, Christina Carpadis, Listing Office: RE/MAX Above & Beyond
7 days on Rocket
$3,266 Closing Credit¹
#5110049, Michele M Evans, Listing Office: Richard Katz Realty & Condo Realty
$4,857 Closing Credit¹
#5111110, Carly M Sablotny, Listing Office: Keller Williams Living
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 04/01/2023 - 04/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.