Housing in Lakewood, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$397,000
Median List Price
$655,000
Price Per Sq Ft
$203
Days on Market
54
Active Inventory
16
Months of Supply
5.3
Balanced market
Zillow Home Value
$181,424
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
66.7%
Off Market in 2 Weeks
12.5%
Sale-to-List Ratio
101.5%
Seller's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
3
Pending Sales
8
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$203
Median List $/SF
$170
Lakewood vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lakewood is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$518,500
Median Rent
N/A
Total Housing Units
1,554
Vacancy Rate
3.5%
Owner Occupied
97.6%
Renter Occupied
2.4%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,750
Housing Types
The current median sale price in Lakewood, IL is $397,000 according to Redfin data. Homes spend a median of 54 days on the market. 66.7% of homes sold above asking price. The market has 5.3 months of supply. The median price per square foot is $203. About 97.6% of housing units are owner-occupied. The median year homes were built is 1998. There are 1,554 total housing units.