Is Lakewood, WI 54138 a buyer’s or seller’s market?
Lakewood is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lakewood housing market right now
In the three months ending August 31, 2026, 10% of homes in Lakewood, WI 54138 sold above their list price, the typical home went under contract in 103 days and there were 5.4 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. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 23%, homes sold more slowly (45 days then) and the median sale price rose 29% to $321,861. Overall, Lakewood is less competitive than a year ago, which gives buyers more room.
Within Oconto County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Little Suamico 54141 (78% sold over asking) and Lena 54139 (60% sold over asking) are even more competitive.
Run the numbers for 54138
Nearby markets
Abrams 54101Seller’s market $212 /sq ftGillett 54124Seller’s market $174 /sq ftLena 54139Balanced $265 /sq ftLittle Suamico 54141Seller’s market $216 /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 5.4 months of supply in Lakewood, WI 54138 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 103 days in the latest three months.
Do homes in Lakewood sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Lakewood?
About 1.18% of a home’s value a year in Oconto County, or roughly $4,720 on a $400,000 home.
What is the median home price in Lakewood?
The median sale price was $321,861 in the three months ending August 31, 2026, about $212 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