Is Lakewood, OH 44107 a buyer’s or seller’s market?

The Lakewood housing market right now

In the three months ending August 31, 2026, 42% of homes in Lakewood, OH 44107 sold above their list price, the typical home went under contract in 15 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 212 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold about as fast and the median sale price rose 8% to $359,844. Overall, Lakewood is less competitive than a year ago, which gives buyers more room.

Within Cuyahoga County, homes here sell faster than in 74% of the county’s ZIP codes, and sell more often over asking than in 52%. On our competition score, Lakewood ranks #43 of 489 OH ZIP codes with enough sales (score 84 out of 100).

Nearby, buyers who want less competition could look at Cleveland 44127 (0% sold over asking) or Cleveland 44114 (0% sold over asking), while Brookpark 44142 (57% sold over asking) and Cleveland 44130 (57% sold over asking) are even more competitive.