53 homes sold in Lakewood in the last year, at a typical $595K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lakewood homes are listed.
Every place Lakewood homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lakewood.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 79% of Lakewood’s sales, at a typical $677K (year to May 2026)
53 homes sold in the year to September 2026.
typical sale · 49 sold in the year to May 2026
- Per square foot
- $177IL $180
- Days to sell
- 72
- Sold over asking
- 24%
- Listings with a price cut
- 18%
Townhouses: 11 sold, typical $330K
Condos: 2 sold, typical $271K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
53 sales in the last year, against 133 in 2018 and a low of 64 in 2025. The typical sale went from $308K in 2016 to $595K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $600K buys in Lakewood
Check a listing against what Lakewood homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lakewood are more common than before the pandemic, but three quarters fewer homes come up for sale
We read every month of Lakewood’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 53 sales.
If you’re buying in Lakewood
- Shop in March. It brings about 15 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Bid near asking. Buyers paid 100.1% of the list price on average; 29% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 15 a month), and the most competition: 22% close over asking. March offers nearly as much choice with fewer homes bid up (14%). December has the least competition (10%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Lakewood now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 8% | 35% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 50% | 18% | 44% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 96.6% | 99.8% | 99% |
| Days to sellMedian days from listing to contract | 88 | 143 | 24 | 51 |
15 homes for sale on a typical day
That’s 76% fewer than in 2017–19 and well under 2016’s 80.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 4.
Best time to buySchools
The schools grade for Lakewood, from test results, graduation and how much students grow.
Schools in LakewoodTypical commute
The average one-way trip to work for people who live in Lakewood.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Grafton Township sells for less a square foot; Huntley for far more
The busier markets within 25 miles of Lakewood, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Huntley | 670 | $413K | $219 | 28% | 55 |
| Crystal Lake | 551 | $364K | $192 | 41% | 48 |
| Algonquin | 464 | $416K | $202 | 34% | 65 |
| Woodstock | 368 | $330K | $185 | 30% | 59 |
| Lake in the Hills | 312 | $375K | $198 | 44% | 46 |
| Lakewood | 53 | $595K | $174 | 29% | 88 |
| Grafton Township | 20 | $337K | $161 | 5% | 92 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lakewood, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lakewood. People who follow the town see it, and so do people comparing Lakewood with their own town. No commission, no listing fee.
Questions about buying a home in Lakewood
What do homes sell for in Lakewood, IL?
53 homes sold in the year to September 2026 at a typical $595K, $174 a square foot.
Is Lakewood a buyer’s or seller’s market?
A balanced market: 19 homes were for sale in September 2026 and 4 sold, about 4.8 months of supply. Buyers paid 100.1% of asking on average.
When is the best time to buy in Lakewood?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Lakewood?
Zillow, Redfin, Realtor.com and Homes.com all carry Lakewood’s MLS listings; the search links above open each one filtered to Lakewood.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).