Housing Market Report

Lakewood, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Lakewood, CA

Sun Jul 21 2019
This week the median list price for Lakewood, CA is $604,945 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 70. Click here to stay informed with the Lakewood market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Lakewood, CA

Sun Jul 21 2019
This week the median list price for Lakewood, CA is $604,945 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 70. Click here to stay informed with the Lakewood market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Lakewood market.
Median List Price $604,945
Per Square Foot $430
Days on Market 55
Price Decreased 34%
Price Increased 1%
Relisted 7%
Inventory 70
Median House Rent $2,400
Most Expensive $1,400,000
Least Expensive $499,999
Market Action Index
Strong Seller's Market
63

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
$745,000 2,073 4,500 - 6,500 sqft 4 2 64 3 5 74
$639,900 1,592 4,500 - 6,500 sqft 3 1 68 5 4 32
$592,200 1,236 4,500 - 6,500 sqft 3 1 68 4 6 45
$549,250 1,101 4,500 - 6,500 sqft 3 1 66 5 6 70