Market Report • Last 6 Months

The Lakewood
Market Pulse
NW Region
Covering the area S of Mockingbird Ln, E of Abrams Rd, N of Lake Circle Dr & W of Williamson Rd.

A comprehensive analysis of real estate trends in one of Dallas's most prestigious neighborhoods.

Avg Days on Market

70 Days

Median: 54 days

Median Sales Price

$2,137,500

Consistent premium value

List-to-Sale Ratio

100%

Sellers getting full ask

Avg Price / SqFt

$503

Highest for small homes

Market Velocity

Lakewood's market is moving with deliberate speed. With an average of 70 days on market, buyers are taking their time to find the right fit, but desirable properties move fast.

The median time to sell is just 54 days, indicating that half of all listings are under contract in less than two months.

Fastest Sale Record

6506 Malcolm Drive

1 Dayon market

Sold for $1,125,000 ($455/sqft)

Listing Status Breakdown

  • Closed
  • Cancelled
  • New
  • Price Down
  • Expired
  • Other
18 Closed Sales lead the activity, showing strong transaction volume.

Price Per Square Foot by Size

< 2,500 sqft2,500-4,000 sqft4,000-5,000 sqft5,000+ sqft$0$150$300$450$600

The Value of Space

An interesting trend emerges when we look at price per square foot. Smaller homes (< 2,500 sqft) are commanding the highest premium at $570/sqft.

For buyers seeking value, the "sweet spot" lies in the 2,500 - 4,000 sqft range, where prices average $471/sqft—nearly $100 less per square foot than their smaller counterparts.

Premium Entry
$570/sqft
Under 2,500 sqft
Best Value
$471/sqft
2,500 - 4,000 sqft

NW Region Neighborhood Map

Explore where Lakewood homes are selling in the northwest region

Filter Properties
Refine your search by price, status, and size
$0 - $5,000,000

Showing 15 of 15 properties

Leaflet © OpenStreetMap contributors
Legend

Price Segments

Under $1M
$1M-$3M
$3M+

Click on a marker to view property details

Filtered Results
Properties Shown15
Avg Price$2,087,793
Avg DOM68 days
Sales Activity Timeline
Properties sold over time (last 6 months)
Nov 16Nov 30Dec 14Dec 28Jan 4Jan 11Jan 25Mar 1Mar 8Mar 15Mar 22Mar 29Apr 500.511.52Sales Count0750000150000022500003000000Avg Price ($)
  • Sales Count
  • Avg Price
Sales by Segment
Distribution of sales across price segments
$1M-$3M
9
$3M+
3
Under $1M
3

📍 Lakewood Market: This map displays sold properties in the Lakewood area of Dallas (75214 zip code).

Use the filters above to narrow your search by price, status, bedrooms, or bathrooms. Click on any property marker to see detailed information including sale price, days on market, and property details. Click "Compare" to add properties to the comparison tool.

Historical Comparison

Year-over-year market trends and growth indicators

Median Price Change

$2,137,500

1.8%

Avg Days on Market

70 days

1.4%

Closed Sales

18

0.0%

Price Per SqFt

$503

1.0%
Median Price Trend
6-month historical comparison
Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 20240550000110000016500002200000
  • Median Price
Market Velocity Trend
Average days on market over time
Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024020406080
  • Avg Days on Market
Sales Activity Trend
Number of closed sales per period
Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 202405101520
  • Closed Sales
Market Insights

Median prices have increased by 1.8% compared to the previous period, indicating continued market strength and buyer confidence.

Market velocity has slowed by 1.4%, with homes taking longer than the previous period.

Sales activity has decreased by 0.0%, showing weaker buyer demand.

Price per square foot has increased by 1.0%, reflecting appreciation in property values.

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With homes selling at 100% of list price and inventory moving steadily, having the right strategy is essential.