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

Lakewood is currently a buyer's market with 6.5 months of supply. 50% of homes sell above asking price. The Ridley Sell Score for Lakewood is 55/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lakewood?

The median home price in Lakewood is $820,700, up 141.4% year-over-year. The median price per square foot is $292. Homes sell in a median of 71 days with a sale-to-list ratio of 100.3%.

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

On a $820,700 home in Lakewood, a traditional listing agent charges around $24,621 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $65,656 or more. With Ridley Essentials ($999) you save $23,622, and with Ridley Pro ($3,499) you save $21,122 while getting full agent support.

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

A traditional Lakewood listing agent typically charges 3% of the sale price — about $24,621 on a $820,700 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 $23,622–$21,122 compared to a traditional agent.

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

The median home in Lakewood currently spends 71 days on the market before going under contract, down 112% from last year. At a 100.3% sale-to-list ratio, sellers are getting very close to or above asking price. Only 46.2% 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 $820,700 home, that could save you up to $21,122.

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 $24,621 commission.

National/Tennessee

Lakewood, TN

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

The median home in Lakewood sells for $820,700 with prices up 141.4% year-over-year. The average seller pays $24,621 in commissions — Ridley’s flat fee saves you $21,122.

Lakewood Real Estate Market Conditions — April 2026

55out of 100

Ridley Sell Score

How it's scored →

Moderate

55/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Lakewood 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 buyers

6.5 months of supply — above the 5-month balanced threshold, giving buyers more options. Tennessee average is 4.4.

Price MomentumFavors sellers

Prices up 141.4% year-over-year — vs. +15.6% statewide.

Seller LeverageFavors sellers

Homes selling at 100.3% of asking — sellers are getting 0.3% 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 SpeedNeutral

71 median days on market — 33 days faster than the Tennessee average.

Market UrgencyFavors buyers

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

Price StabilityFavors buyers

46.2% 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.

$820,700

+141.4%

Days on Market

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

-112%

Price per Sq Ft

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

$292

Sale-to-List Ratio

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

100.3%

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.

6.5

Buyer’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.

46.2%

Price carefully

12-Month Price Trend

$320,000 → $820,700

▲156.5%

$800K$600K$400K

MayJulSepNovJanMarApr

Data updated April 2026

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

Your savings

How much can you save selling your home in Lakewood?

The average Lakewood homeowner saves $21,122 by selling with Ridley instead of paying the traditional 3% listing commission on a $820,700 home.

$0Estimated savings

That could fund a full kitchen remodel — save 2.6% of your home value

Your Lakewood home value

$820,700

$50,000$10M

Traditional Agent (3%)

$24,621

Ridley Pro (flat fee)

$3,499

Ready to sell in Lakewood?

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Cost comparison

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

The total cost to sell a house in Lakewood in 2026 ranges from $999 with Ridley Essentials to approximately $24,621 with a traditional 3% commission on a $820,700 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$24,621	$3,499	$999	$0
Buyer agent	$22,9802.8% avg	$16,414~2% avg	$16,414~2% avg	$22,9802.8% avg
Closing costs (~1.5%)	$12,311	$12,311	$12,311	$12,311
Total cost	$59,912	$32,224	$29,724	$35,291
Net proceeds	$760,788	$788,476	$790,976	$785,409
You save	—	$27,688	$30,188	$24,621No support