Table of Content
The average sale price of a home in Lakewood was $420K last month, down 10.2% since last year. The average sale price per square foot in Lakewood is $288, up 7.1% since last year. Homes in Lakewood receive 4 offers on average and sell in around 38 days. The average sale price of a home in Lakewood was $750K last month, down 2.6% since last year.
The average homes sell for about 1% below list price and go pending in around 24 days. The average homes sell for about 2% below list price and go pending in around 22 days. However, the costs of homeownership in the United States can be startling. According to Federal Reserve Economic Data, the median price of houses sold in 2022 is $428,700. The average sales price in the same period is higher, at $507,800. The Zillow Home Value Index, which measures only the middle price tiers of homes, sets the cost of a typical home in the United States at $344,141.
Local Insights About Lakewood, CO
If you are a home buyer or real estate investor, Lakewood definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Currently, there are 485 homes listed in Lakewood which include 46 condos, 0 foreclosures. Get started by checking out the most popular home & the most saved home by Coldwell Banker homebuyers in the last 30 days. When you are ready to explore homes, read what Coldwell Banker agents have to say about Lakewood and discover homes for sale in Lakewood. The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable.
Enhanced Cost of Living CalculatorNow includes childcare, taxes, health, housing for home owners vs renters, insurance costs and more when you upgrade to premium. As previously noted, the population of Lakewood is 151,411 and the median age is 38.5. Among Lakewood residents, there is a homeowner vacancy rate of 0.6% and a rental vacancy rate of 3.0% from a total of 67,238 units. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood.
Lakewood Key Takeaways
Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity. NeighborhoodScout's data show that during the latest twelve months, Lakewood's appreciation rate, at 14.65%, has been at or slightly above the national average.
Housing is generally the biggest monthly cost that you would need to account for. The average rent in Lakewood (located in Denver-Aurora-Lakewood Metro) metro area for a 2-bed home is $1,657, which is 41% more than the average rent across the US. However, this average takes into account both metro and suburban areas.
New Listings in Denver
However, Oklahoma has high levels of poverty and low levels of quality of life satisfaction. A typical home in Arkansas costs $169,867 and measures 1,792 square feet. Homeownership in the state is slightly higher than the national average, with 66.5% of residents owning their homes.
This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. The cost of living index for housing estimates the cost of housing in Lakewood to be 140% of the national average. This makes it one of the more expensive cities in the US. The cost of rent varies depending on several factors, including location, size, and quality.
The average homes sell for about 1% below list price and go pending in around 48 days. The average homes sell for about 4% below list price and go pending in around 66 days. The average homes sell for about 1% below list price and go pending in around 38 days. The average homes sell for about 1% below list price and go pending in around 13 days.
Can sell for around list price and go pending in around 5 days. Can sell for around list price and go pending in around 6 days. Can sell for about 2% above list price and go pending in around 4 days. Can sell for about 2% above list price and go pending in around 27 days. Can sell for around list price and go pending in around 28 days.
Home values increased 20% in the twelve months between April 2021 and May 2022. Meanwhile, the median household income in the United States is $67,521 a year. This means the median family can only afford a mortgage of around $250,000 and may find themselves being priced out of owning a home. In November 2022, Denver home prices were up 6.1% compared to last year, selling for a median price of $575K. On average, homes in Denver sell after 23 days on the market compared to 8 days last year.
The typical 1,879 square foot home has a price tag of $157,828. The homeownership rate is also among the highest in the nation, at 74.8%. However, Mississippi also has the nation's highest poverty rate, with a fifth of its inhabitants living below the poverty line. Can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them.
The median home price in Lakewood for the week end on December 16th 2022 was $300,600 compared to $1,156, the median rent. Can sell for around list price and go pending in around 10 days. Can sell for about 2% above list price and go pending in around 5 days.
Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. Average market rent is exclusively developed by NeighborhoodScout. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. A cost of living calculator helps you to assess how much you will need to make in order to live comfortably in a specific city. It takes into account various expenses that you will make in your daily lives (on housing, food, utilities, transportation, entertainment, etc.) and helps you determine a livable salary.
As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lakewood differ in their investment potential, sometimes by a great deal.
Iowa's typical house costs $183,418 and is 1,550 square feet. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. West Virginia boasts the country's lowest housing costs and its highest rates of homeownership. The typical home is 1,714 square feet and costs $129,103. However, the state also consistently ranks among the worst states to live. In fact, Idaho has the nation's second-highest level of population growth.
No comments:
Post a Comment