Housing Market Report

Lakewood, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Lakewood, CA

Thu Jan 23 2020
This week the median list price for Lakewood, CA is $635,000 with the market action index hovering around 70. This is about the same as last month's market action index of 70. Inventory has held steady at or around 33. 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 Jan 23 2020
This week the median list price for Lakewood, CA is $635,000 with the market action index hovering around 70. This is about the same as last month's market action index of 70. Inventory has held steady at or around 33. 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 $635,000
Per Square Foot $440
Days on Market 72
Price Decreased 21%
Price Increased 6%
Relisted 12%
Inventory 33
Median Rent $2,750
Most Expensive $1,300,000
Least Expensive $3,500
Market Action 70
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
$760,999 2,262 4,500 - 6,500 sqft 4 3 61 2 1 65
$687,000 1,559 4,500 - 6,500 sqft 3 2 69 3 5 69
$602,495 1,205 4,500 - 6,500 sqft 3 2 70 4 4 6
$525,000 1,032 4,500 - 6,500 sqft 3 1 76 3 4 140