Lakewood Real Estate Market Summary

Information provided by Northern Ohio Regional Multiple Listing Service

Overall, the Lakewood housing market continued it’s upward trend from last year during the first quarter of 2018.  187 homes sold from January 1st – March 31st, which is up from 177 sold in the first quarter of 2017.  The average sale price of $176,570,  increased about $5,000 from 2017.  Homes spent on average 61 days on the market before they sold, but 13% were under contract in less than 2 weeks. At the peak of last years market, many homes were selling within the first 3 days.  Overall, homes sold at 97% of their list price, with about 37%  selling over asking price.