Lakewood Realtors – Case Study on Lakewood

Nestled along the southern shore of Lake Erie, Lakewood, Ohio, stands out as a vibrant and dynamic community just west of Cleveland. Known for its rich architectural heritage, diverse population, and lively arts scene, Lakewood blends historic charm with modern amenities – making it a highly sought-after destination for both homebuyers and renters alike. This densely populated suburb offers a walkable lifestyle, interesting dining options, and an active cultural calendar that reflects the city’s eclectic spirit. Whether you’re drawn by the stunning pre-war homes or the thriving local economy, Lakewood presents an appealing mix of tradition and innovation that caters to a wide array of lifestyles.

Immerse yourself in the exciting opportunities this city has to offer with the guidance of the Katie McNeill team’s expert Lakewood realtors. With our professional support, finding your dream home becomes effortless. Read on for detailed insights and demographics about Lakewood and embark on the path to your new home today!

Traversing Lakewood, Ohio

Lakewood, Ohio: Where History Meets Modern Living

Lakewood is celebrated for its historical atmosphere, cultural diversity, and abundant recreational opportunities. As a key part of the Greater Cleveland area, it offers the vibrant energy of urban living with easy access to the serenity of nearby Lake Erie. Founded in 1889, Lakewood spans approximately 5.53 square miles and is home to more than 50,000 residents.

Demographics in Lakewood

The demographics of Lakewood reflect a community that values diversity, education, and a high quality of life:

Population: Over 50,000
Median Age: 35 years
Education: Approximately 50.8% of residents have a bachelor’s degree or higher.
Economic Diversity: The city’s economy is primarily made up of small businesses, which employ 75% of the city’s workers.
Cultural Heritage: Rich in history with a diverse ethnic background.

Quality of Life in Lakewood

Lakewood is an ideal place for family life and young adults, offering numerous ways to engage with the community. This vibrant and diverse city boasts a walkable environment with easy access to a variety of shops, restaurants, parks, and nightlife. With something for everyone, Lakewood combines convenience with a strong sense of community, making it a beautiful place to call home.

Education and Recreation

Schools: Part of the Lakewood City Schools District, known for its commitment to academic excellence and a wide range of extracurricular activities.
Parks and Recreation: Lakewood is home to several beautiful parks, including Lakewood Park, which offers stunning views of Lake Erie, as well as many recreational activities such as swimming, kayaking, biking, and walking trails.

Local Amenities

Lakewood offers a vibrant lifestyle with a variety of shopping centers, eateries, and cultural facilities. Downtown Lakewood is the heart of the city, featuring a mix of local boutiques, diverse dining options, and entertainment venues that cater to all ages. The Lakewood Public Library is a cornerstone of the community, offering extensive resources, educational programs, and cultural events. Additionally, Lakewood is home to numerous community festivals, farmers’ markets, Beck Center for the Arts, and art galleries, making it a hub for cultural engagement. With its comprehensive amenities and strong community spirit, Lakewood ensures a fulfilling lifestyle for its residents.

House-Hunting in Lakewood, Ohio

Real Estate Market Overview

Housing Options

The real estate market in Lakewood offers a diverse range of housing options, from charming historic homes with unique architectural details to modern apartments and condos. This variety caters to different demographics, including young professionals, families, and retirees.

Market Dynamics

As of July 2024, the median sale price of homes in Lakewood was approximately $369K for all home types. Homes in Lakewood typically stay on the market for an average of 10 days, reflecting the strong demand in the area. While the number of homes sold has remained consistent with the previous year, the market is active and competitive.

Neighborhoods

Lakewood is known for its distinctive neighborhoods, each offering a unique blend of history and modern amenities. From the bustling Downtown area to the more serene Clifton Park, Lakewood provides a range of living environments to suit different lifestyles.

Market Competitiveness

The housing market in Lakewood is currently very competitive, making it essential to work with experienced real estate professionals. Many homes receive multiple offers, some with waived contingencies, and homes often sell at or above the list price. The competitive nature of the market emphasizes the importance of acting quickly and decisively.

Sale-to-List Price: Lakewood homes generally sell for around 99% of their list price, indicating a stable market where homes often sell close to or above the asking price.
Homes Sold Above List Price: Approximately 40% of homes sold above list price, consistent with the previous year, highlighting a robust seller’s market.

Getting Started with Expert Lakewood Realtors

Selecting the right real estate agent is essential for a seamless house-hunting experience in Lakewood, Ohio. The seasoned Lakewood realtors at The Katie McNeill Team bring unparalleled local knowledge, ensuring a deep understanding of the area’s distinct attractions and opportunities. We will be with you every step of the way—from browsing listings to finalizing your purchase—ensuring you discover a home that perfectly aligns with your lifestyle and needs.

If you’re ready to embark on your home-buying journey in Lakewood, Ohio, connect with a Lakewood real estate agent from The Katie McNeill Team today. We’ll guide you in finding your dream home in this dynamic community, where scenic parks, historic charm, and a thriving arts scene come together to create an exceptional living environment.

Contact us now to begin your tailored house-hunting journey and let us help you find the Lakewood home you’ve been dreaming of! If you’re considering selling your Lakewood property, visit our Contact and Appraisal page for a quick and easy, free tool to estimate your home’s current value. Ready to buy? Start a conversation with Katie and her team of experienced real estate agents today! We look forward to helping you find your dream home in Lakewood in the near future!