Friday, January 3, 2020

Denver Housing Market: House Prices & Trends

The average sale price of a home in Lakewood was $420K last month, down 10.2% since last year. The average sale price per square foot in Lakewood is $288, up 7.1% since last year. Homes in Lakewood receive 4 offers on average and sell in around 38 days. The average sale price of a home in Lakewood was $750K last month, down 2.6% since last year.

average home price in lakewood co

On average, homes in Lakewood sell after 25 days on the market compared to 7 days last year. There were 143 homes sold in November this year, down from 264 last year. At 1,746 square feet, the average home in the state costs less than $100 a square foot, meaning those with the budget can afford more house for their dollar than they can in most states.

Local Insights About Lakewood, CO

If you are a home buyer or real estate investor, Lakewood definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Currently, there are 485 homes listed in Lakewood which include 46 condos, 0 foreclosures. Get started by checking out the most popular home & the most saved home by Coldwell Banker homebuyers in the last 30 days. When you are ready to explore homes, read what Coldwell Banker agents have to say about Lakewood and discover homes for sale in Lakewood. The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable.

We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Lakewood Key Takeaways

The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S. Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.

average home price in lakewood co

Housing is generally the biggest monthly cost that you would need to account for. The average rent in Lakewood (located in Denver-Aurora-Lakewood Metro) metro area for a 2-bed home is $1,657, which is 41% more than the average rent across the US. However, this average takes into account both metro and suburban areas.

New Listings in Denver

Homes include single family houses as well as apartment and condominium units. Single-family detached homes are the single most common housing type in Lakewood, accounting for 48.73% of the city's housing units. Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster. The median household income in a city certainly helps gauge the cost of living. The median household income in Lakewood is $66,740, which is 7% less than that of the state. The median income for an individual is $38,789, which is 1% more than that of the state.

average home price in lakewood co

This publication is designed to provide information with regard to the subject matter covered. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought. The median home price in Lakewood is $576,629 with a median price per sqft of $322. Click on the risks below to learn which exist in Denver today and how they’ll change by 2050. Click on the risks below to learn which exist in Lakewood today and how they’ll change by 2050. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.

The average homes sell for about 1% below list price and go pending in around 48 days. The average homes sell for about 4% below list price and go pending in around 66 days. The average homes sell for about 1% below list price and go pending in around 38 days. The average homes sell for about 1% below list price and go pending in around 13 days.

average home price in lakewood co

The average sale price per square foot in Lakewood is $562, down 7.6% since last year. Homes in Lakewood receive 2 offers on average and sell in around 22 days. The average sale price of a home in Lakewood was $525K last month, up 0.9% since last year. The average sale price per square foot in Lakewood is $271, down 0.18% since last year.

Many homes get multiple offers, some with waived contingencies. Estimates for the most recent period have a high degree of uncertainty due to limited data for this bedroom type in Lakewood, CO and may not be representative of the actual market. The most expensive neighborhoods in Lakewood are The Villa Homes ($1,994), Villa West ($1,994) and Washington Heights Park ($1,994). Percentages are based on the number of housing units for each type over the total number of units across all types. The proportion of homes and apartments in the city built within a certain time period. Median home value is the value which has equal numbers of homes valued above and below it.

Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. The District of Columbia has the country's third-highest home prices and its lowest homeownership rate. Those looking to buy, can expect to pay $701,895 for a typical 1,440 square foot home. The average size for a Lakewood, CO apartment is 878 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike.

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The median home price in Lakewood for the week end on December 16th 2022 was $300,600 compared to $1,156, the median rent. Can sell for around list price and go pending in around 10 days. Can sell for about 2% above list price and go pending in around 5 days.

Local real estate agents are ready to help you find a home here. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. In the last 10 years, Lakewood has experienced some of the highest home appreciation rates of any community in the nation. Lakewood real estate appreciated 141.60% over the last ten years, which is an average annual home appreciation rate of 9.22%, putting Lakewood in the top 10% nationally for real estate appreciation.

average home price in lakewood co

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