As of July 2023, the real estate market in Lakewood, Colorado, remains highly competitive, according to Orson Hill Realty. The market is characterized by multiple offers on most homes, often with waived contingencies, reflecting the high demand for properties in the area.
Lakewood Colorado Median Sale Price
The median sale price for homes in Lakewood is currently $560,000, a decrease of 6.7% compared to the previous year. The number of homes sold is 198, a decrease of 15.7% year over year. Homes in Lakewood are selling quickly, with a median of 6 days on the market, which is one day longer than the previous year.
Homes are Still Selling Over List Price in Lakewood
In terms of pricing, 44.44% of homes are sold above the list price, a decrease of 29.2% from the previous year. The sale price to list price percentage is 100.84%, a decrease of 5.2% from the previous year. Interestingly, 51.59% of homes have experienced price drops, an increase of 2.7% from the previous year.
To provide a more detailed snapshot of the current market, here are some recent listings:
Start of list of properties
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These listings provide a snapshot of the variety of homes available in Lakewood, from townhomes to single-family homes, with a range of prices to suit different budgets. The market continues to be dynamic, with homes selling quickly despite the slight increase in the number of days on the market compared to the previous year.
Lakewood Colorado Real Estate
The real estate market in Lakewood, Colorado, is diverse and vibrant, offering a range of options for potential homebuyers. Whether you’re looking for a cozy townhome or a spacious single-family home, there’s something for everyone in this competitive market.