Is Lakewood, NJ 08701 a buyer’s or seller’s market?

The Lakewood housing market right now

In the three months ending August 31, 2026, 22% of homes in Lakewood, NJ 08701 sold above their list price, the typical home went under contract in 41 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 188 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (28 days then) and the median sale price rose 15% to $449,805. Overall, Lakewood is less competitive than a year ago, which gives buyers more room.

Within Ocean County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in 82%. On our competition score, Lakewood ranks #411 of 444 NJ ZIP codes with enough sales (score 47 out of 100).

Nearby, buyers who want less competition could look at Barnegat Light 08006 (0% sold over asking) or Mantoloking 08738 (8% sold over asking), while Lakehurst 08733 (67% sold over asking) and Pine Beach 08741 (64% sold over asking) are even more competitive.