Market Velocity
Average days on market by segment
Insight: Entry-level homes (Under $1M) move fastest at 64.6 days, while luxury properties ($3M+) take longer to sell at 78.7 days, suggesting more selective buyer pools for high-end properties.
Price Per Square Foot
Value comparison across segments
Insight: Luxury homes ($3M+) command a significant premium at $628.66/sqft, while entry-level properties ($1M-) offer the best value at $435.99/sqft—a 44% difference in per-square-foot pricing.
Transaction Activity
Closed sales by segment
Insight: The $1M-$3M segment dominates transaction volume with 18 closed sales, compared to 7 in the entry market and just 4 in the luxury tier. This is Lakewood's core market.
Key Takeaways
Entry Market Momentum
Under $1M homes move fastest (64.6 days) with strong buyer demand, making this segment the most active and competitive.
Core Market Dominance
The $1M-$3M segment represents Lakewood's sweet spot with 51 properties and 18 closed sales—the highest transaction volume.
Luxury Premium
$3M+ homes command 44% higher per-sqft pricing ($628.66 vs $435.99), reflecting exclusive estate positioning.