Is Lakewood, PA 18439 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Lakewood is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market81Listing to accepted offer
Median price per sq ft$217▼ −41.0% vs. last year

The Lakewood housing market right now

In the three months ending August 31, 2026, 25% of homes in Lakewood, PA 18439 sold above their list price, the typical home went under contract in 81 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (221 days then) and the median sale price fell 71% to $324,260. Overall, Lakewood is more competitive than a year ago, so tougher for buyers.

Within Wayne County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 73%.

Nearby, buyers who want less competition could look at Starrucca 18462 (0% sold over asking) or Starlight 18461 (0% sold over asking), while Pleasant Mount 18453 (43% sold over asking) and Honesdale 18431 (31% sold over asking) are even more competitive.

Nearby markets

Beach Lake 18405Seller’s market $146 /sq ftDamascus 18415Balanced $264 /sq ftEquinunk 18417Seller’s market $179 /sq ftHonesdale 18431Seller’s market $207 /sq ft Browse all markets →

Where Lakewood is

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Questions about Lakewood real estate

Is Lakewood a buyer’s or seller’s market?

A balanced market: there were 4 months of supply in Lakewood, PA 18439 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Lakewood?

The typical home went under contract in 81 days in the latest three months.

Do homes in Lakewood sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.

What are property taxes in Lakewood?

About 1.26% of a home’s value a year in Wayne County, or roughly $5,040 on a $400,000 home.

What is the median home price in Lakewood?

The median sale price was $324,260 in the three months ending August 31, 2026, about $217 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology