Neighborhood
LakewoodAnn Arbor, Michigan
Lakewood is a residential neighborhood in Ann Arbor, located in the Ann Arbor, Michigan area of Washtenaw County. The housing stock consists primarily of single-family properties built between 1925 and 1990. The average home is 1,704 square feet with 3 bedrooms. Recent sales in Lakewood range from $345,000 to $1,021,000, with a median sale price of $425,000. That works out to a median of $359 per square foot. The Lakewood real estate market currently has 1 active listing and 1 pending, listed at $799,900. 11 homes have sold in Lakewood over the past year against 2 current listings, yielding 1.1 months of inventory and seller's market conditions. Homes sell in an average of 38 days on market. Sellers in Lakewood benefit from 11 comparable sales over the past 12 months for accurate pricing.
Residential Overview
1Active Listings
$425,000Median Sale Price (past 12mo)
38daysAvg Days on Market
$359Price per Sqft
11Sold (past 12mo)
1.1moSeller's Market
1955Avg Year Built
1,704 sqftAvg Size
3.2Avg Beds
2.0Avg Baths
10,454 sqftAvg Lot
84%Garage
Homes for Sale(1)
Market Analytics
Recently Sold Residential (50)
Property Records
Per FEMA, Lakewood is classified as Zone X, indicating minimal flood risk; flood insurance is optional. Flood zone boundaries are subject to change by FEMA map revision. Verify current status at FEMA Map Service Center before making purchasing decisions.
Frequently Asked Questions about Lakewood
What is the median home price in Lakewood?
Homes in Lakewood sell for a median of $425,000, drawn from 11 transactions over the past 12 months. Sale prices have ranged from $345,000 to $1,021,000. That works out to roughly $359 per square foot.
What is the current inventory in Lakewood?
There is currently 1 active listing in Lakewood. The asking price is $799,900. 1 additional listing is pending or under contract.
What kind of housing is available in Lakewood?
The housing stock in Lakewood is mainly single family residence homes, with construction dates ranging from 1925 to 1990. The average home size is 1,704 square feet. Homes typically have 3 bedrooms.
How fast do homes sell in Lakewood?
The average days on market in Lakewood is 38, drawn from 11 recent transactions.
Is Lakewood a buyer's or seller's market?
At the current pace, Lakewood has 1.1 months of inventory — a seller's market. There is 1 active listing against 11 closed sales in the past year.
How much land do homes sit on in Lakewood?
Homes in Lakewood sit on an average of 10,454 sqft. Lot sizes can vary significantly within the area.
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