Why Live in Lakewood
Lakewood in Lake Oswego, OR, is a picturesque neighborhood situated on a manmade peninsula bordered by Oswego Lake and Lakewood Bay. Known for its luxury homes and lush foliage, the area features Craftsman, French, and Mediterranean-style houses from the 1930s and 1940s, as well as contemporary, Ranch-style, and midcentury modern homes. Many properties boast beautifully maintained gardens, stone walls, and hedges. Over half of the homes have private docks for easy lake access, while others are a short walk from public swimming areas and lakeside parks like Lake Oswego Swim Park and George Rogers Park. The neighborhood is served by highly rated schools, including Forest Hills Elementary School, Lake Oswego Junior High School, and Lake Oswego High School, which is noted as the best public high school in Oregon. Residents enjoy a low crime risk compared to the national average. The commercial district along State Street offers convenient amenities, including a Whole Foods Market and Safeway, and dining options like Monster Tea and the Lake Theater and Café. Despite its tranquil setting, Lakewood is just a 20-minute drive from downtown Portland, providing a blend of peaceful living and urban accessibility.
Home Trends in Lakewood, OR
On average, homes in Lakewood, Lake Oswego sell after 165 days on the market compared to the national average of 52 days. The median sale price for homes in Lakewood, Lake Oswego over the last 12 months is $2,062,500, up 294% from the median home sale price over the previous 12 months.
Median Sale Price
$2,062,500
Median Single Family Sale Price
$1,429,000
Median 2 Bedroom Sale Price
$400,000
Median 1 Bedroom Sale Price
$359,000
Average Price Per Sq Ft
$713
Number of Homes for Sale
13
Last 12 months Home Sales
12
Median List Price
$1,425,000
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
294%
