Foreclosure Homes in Lakewood, OH

Current Market Conditions in Lakewood, OH

The real estate market in Lakewood has remained robust, with a steady increase in property values. Demand for homes has surged, driven by the area's likable amenities and proximity to Cleveland, attracting buyers looking for a suburban lifestyle with easy access to urban opportunities.

Current trends indicate a competitive market environment characterized by multiple bids on available properties and a significant drop in inventory levels. Sellers are often achieving above their asking prices, showcasing the desirability of the area.

Rent Prices In Lakewood, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lakewood, OH, is on a rollercoaster ride. The average rent price in Lakewood, OH, is $1,518.00. Indeed, when looking to rent in Lakewood, OH, you can expect to pay as little as $620.00 or as much as $2,220.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Lakewood, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.