Is Lakewood Park a buyer's or seller's market right now?

Lakewood Park is currently a seller's market with 2 months of supply. 50% of homes sell above asking price. The Ridley Sell Score for Lakewood Park is 59/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lakewood Park?

The median home price in Lakewood Park is $162,500, up 116.7% year-over-year. The median price per square foot is $134. Homes sell in a median of 108 days with a sale-to-list ratio of 101.4%.

How much does it cost to sell a home in Lakewood Park, Tennessee?

On a $162,500 home in Lakewood Park, a traditional listing agent charges around $4,875 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $13,000 or more. With Ridley Essentials ($999) you save $3,876, and with Ridley Pro ($3,499) you save $1,376 while getting full agent support.

How does Ridley's flat fee compare to a traditional Lakewood Park agent?

A traditional Lakewood Park listing agent typically charges 3% of the sale price — about $4,875 on a $162,500 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $3,876–$1,376 compared to a traditional agent.

How long does it take to sell a home in Lakewood Park?

The median home in Lakewood Park currently spends 108 days on the market before going under contract, up 86% from last year. At a 101.4% sale-to-list ratio, sellers are getting very close to or above asking price. Only 50% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Tennessee?

No. Tennessee does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $162,500 home, that could save you up to $1,376.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Tennessee. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $4,875 commission.

National/Tennessee

Lakewood Park, TN

Is Now a Good Time to Sell in Lakewood Park, Tennessee?

The median home in Lakewood Park sells for $162,500 with prices up 116.7% year-over-year. The average seller pays $4,875 in commissions — Ridley’s flat fee saves you $1,376.

Lakewood Park Real Estate Market Conditions — April 2026

59out of 100

Ridley Sell Score

How it's scored →

Moderate

59/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Lakewood Park market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

2 months of supply — below the 5-month balanced threshold — 55% below the Tennessee average of 4.4.

Price MomentumFavors sellers

Prices up 116.7% year-over-year — vs. +15.6% statewide.

Seller LeverageFavors sellers

Homes selling at 101.4% of asking — sellers are getting 1.4% above list on average. Tennessee average is 96.5%.

Bidding ActivityFavors sellers

50% of homes selling above list price — 211% above the Tennessee average of 16.1%.

Sale SpeedFavors buyers

108 median days on market — 4 days slower than the Tennessee average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 15.1% statewide.

Price StabilityFavors buyers

50% of listings have dropped their price — accurate initial pricing is critical. Tennessee average is 22.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$162,500

+116.7%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

108

+86%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$134

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

101.4%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

50%

Strong demand

Price Drops

Percentage of active listings that had a price reduction.

50%

Price carefully

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Lakewood Park — delivered monthly.

Your savings

How much can you save selling your home in Lakewood Park?

The average Lakewood Park homeowner saves $1,376 by selling with Ridley instead of paying the traditional 3% listing commission on a $162,500 home.

$0Estimated savings

That covers your moving costs — save 0.8% of your home value

Your Lakewood Park home value

$162,500

$50,000$10M

Traditional Agent (3%)

$4,875

Ridley Pro (flat fee)

$3,499

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Cost comparison

How much does it cost to sell a house in Lakewood Park?

The total cost to sell a house in Lakewood Park in 2026 ranges from $999 with Ridley Essentials to approximately $4,875 with a traditional 3% commission on a $162,500 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$4,875	$3,499	$999	$0
Buyer agent	$4,5502.8% avg	$3,250~2% avg	$3,250~2% avg	$4,5502.8% avg
Closing costs (~1.5%)	$2,438	$2,438	$2,438	$2,438
Total cost	$11,863	$9,187	$6,687	$6,988
Net proceeds	$150,637	$153,313	$155,813	$155,512
You save	—	$2,676	$5,176	$4,875No support