Explore Lakewood
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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 Prices in Lakewood, OH
The median home sale price in Lakewood, OH is $321,000, up 9% year-over-year. Homes in Lakewood sell in 34 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$321,000
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Median Single Family Sale Price
$349,900
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Median Townhouse Sale Price
$425,000
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Median 2 Bedroom Sale Price
$237,500
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Median 1 Bedroom Sale Price
$94,500
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Average Price Per Sq Ft
$195
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Number of Homes for Sale
77
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Last 12 months Home Sales
488
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Months of Supply
1.90
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Median List Price
$314,900
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Median Change From 1st List Price
1%
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Median Home Sale Price YoY Change
9%
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