Justin Tye

Lakewood, CA

Single-Family Homes

Active Realty I REAL



Lakewood, CA

Thu Jun 20 2024
This week the median list price for Lakewood, CA is $862,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 40. Click here to stay informed with the Lakewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lakewood, CA

Thu Jun 20 2024
This week the median list price for Lakewood, CA is $862,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 40. Click here to stay informed with the Lakewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lakewood market.
Median List Price $862,500
Median Price of New Listings $899,999
Per Square Foot $633
Average Days on Market 25
Median Days on Market 7
Price Decreased 10%
Price Increased 3%
Relisted 5%
Inventory 40
Median Rent
Market Action 78
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,254,000 2,187 4,500 - 6,500 sqft 5 2.5 72 3 2 63
$914,950 1,667 4,500 - 6,500 sqft 3 2 74 6 3 0
$839,450 1,170 4,500 - 6,500 sqft 3 1.5 72 4 2 3
$762,500 1,096 4,500 - 6,500 sqft 3 1 72 4 4 7