Housing Market Report

Lakewood, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Lakewood, CA

Fri Aug 23 2019
This week the median list price for Lakewood, CA is $620,000 with the market action index hovering around 64. This is less than last month's market action index of 65. Inventory has held steady at or around 83. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Lakewood, CA

Fri Aug 23 2019
This week the median list price for Lakewood, CA is $620,000 with the market action index hovering around 64. This is less than last month's market action index of 65. Inventory has held steady at or around 83. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Lakewood market.
Median List Price $620,000
Per Square Foot $426
Days on Market 48
Price Decreased 33%
Price Increased 1%
Relisted 6%
Inventory 83
Median House Rent $2,825
Most Expensive $1,450,000
Least Expensive $495,000
Market Action Index
Strong Seller's Market
64

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
$787,000 2,220 4,500 - 6,500 sqft 4 2 64 6 2 27
$650,000 1,531 4,500 - 6,500 sqft 3 1 69 4 4 24
$598,999 1,364 4,500 - 6,500 sqft 3 1 67 5 2 87
$550,000 1,102 4,500 - 6,500 sqft 3 1 64 5 5 54