Why Live in Lakewood
Lakewood, NJ, is a large suburb known for its cultural diversity and robust business environment. The city hosts events like the Latin Fest and houses the expansive Beth Medrash Govoha campus, the largest yeshiva outside of Israel. Nearly coastal, Lakewood is located west of beach communities such as Brick Township and Manasquan, separated only by the Garden State Parkway. It is connected to Howell Township via U.S. Route 9, a bustling retail corridor. With a population of approximately 135,000, the city has seen significant growth, partly due to its business-friendly climate supported by the Lakewood Chamber of Commerce. The city’s industrial parks, which support over 350 businesses, contribute to its economic strength. Housing options in Lakewood cater to various lifestyles, from large properties and townhouses to adult communities like Leisure Village. Home styles range from modern traditional and colonial to ranch-style and Craftsman homes. Georgian Court University provides higher education, while local schools have mixed ratings. Outdoor attractions include Pine Park and Ocean County Park, offering amenities like campgrounds, hiking trails, and kayaking on Lake Shenandoah. The Lakewood Country Club and Shore Town Ballpark add to the recreational options. U.S. Route 9 and the Garden State Parkway facilitate commuting, with Manhattan reachable in about 90 minutes. The dining scene features Jersey specialties like pizza and bagels, with shopping hubs like Lakewood Plaza and big-box stores near the Garden State Parkway.
Home Trends in Lakewood, NJ
On average, homes in Lakewood, NJ sell after 29 days on the market compared to the national average of 70 days. The median sale price for homes in Lakewood, NJ over the last 12 months is $250,000, down 56% from the median home sale price over the previous 12 months.
Median Sale Price
$250,000
Median Single Family Sale Price
$275,000
Median Townhouse Sale Price
$187,400
Average Price Per Sq Ft
$265
Number of Homes for Sale
14
Last 12 months Home Sales
122
Median List Price
$275,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-56%