Why Live in Lakewood
Lakewood, Ohio, is a densely populated suburb located 6 miles west of Cleveland on the southern shores of Lake Erie. With a population of about 50,000 within 5 square miles, Lakewood is known for its walkability and historic charm, featuring homes over 100 years old alongside newer townhouses and apartments. The community promotes pride through programs encouraging residents to maintain their homes and neighborhoods. Small businesses are the largest collective employer, and the nearby Cleveland Clinic attracts medical professionals. Lakewood City Schools and Lakewood High School are highly rated, making education a strong draw. The city boasts numerous parks, including the 31-acre Lakewood Park with a skatepark, tennis courts, and views of Lake Erie. Recent updates include a new Foster Pool complex and ongoing improvements to Madison Park. Winterhurst Ice Arena offers year-round skating and lessons. The local shopping and dining scene is vibrant, with over 1,000 small businesses along Detroit and Madison Avenues, emphasizing community-focused establishments. Annual events like the Lakewood Arts Festival and Light Up Lakewood celebrate the city's cultural heritage. Lakewood is deemed Ohio's most walkable city, with ongoing sidewalk improvements and accessible public transportation. Crime rates are lower than the state and national averages, with recent initiatives enhancing safety. For those seeking things to do, Lakewood offers a mix of parks, local dining, and community events, all within a close-knit, walkable environment.
Home Trends in Lakewood, OH
On average, homes in Lakewood, OH sell after 55 days on the market compared to the national average of 70 days. The median sale price for homes in Lakewood, OH over the last 12 months is $183,700, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$183,700
Median Single Family Sale Price
$227,900
Median Townhouse Sale Price
$379,950
Median 2 Bedroom Sale Price
$243,000
Median 1 Bedroom Sale Price
$97,000
Average Price Per Sq Ft
$192
Number of Homes for Sale
13
Last 12 months Home Sales
84
Median List Price
$239,950
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-1%