What is the median home price in Lakewood, Virginia Beach?

The median home price in Lakewood is $667,500, down 1% year-over-year. Homes sell in a median of 47 days. The sale-to-list ratio is 96.32%.

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

On a $667,500 home in Lakewood, a traditional agent charges around 3% — about $20,025. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $16,526 while getting MLS listing and expert support.

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

The median home in Lakewood spends 47 days on market. 50% of listings go pending within two weeks. 4 homes sold recently in this neighborhood.

Is Lakewood a good neighborhood to sell in right now?

Lakewood had 4 homes sell recently at a median of $667,500. Sellers are getting 96.32% of their asking price. Ridley's flat fee means you keep more regardless of market conditions.

National/Virginia/Virginia Beach

Lakewood · Virginia Beach, VA

Is Now a Good Time to Sell in Lakewood, Virginia Beach?

The median home in Lakewood sells for $667,500 with prices down 1% year-over-year. Ridley's flat fee saves you $16,526.

Lakewood Real Estate Market Conditions

54out of 100

Ridley Sell Score

How it's scored →

Moderate

54/100

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. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Virginia average is 2.4.

Price MomentumFavors buyers

Prices down 1.33037694% year-over-year — vs. +1.4% statewide.

Seller LeverageFavors buyers

Homes selling at 96.32% of asking — buyers are negotiating 3.7% below list. Virginia average is 98.7%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Virginia average of 25.8%.

Sale SpeedFavors sellers

47 median days on market — 6 days faster than the Virginia average.

Market UrgencyFavors sellers

50% of listings go pending within 2 weeks — vs. 40.8% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Virginia average is 20.2%.

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

How it works →

Median Sale Price

$667,500

-1%

Days on Market

Price per Sq Ft

$348

Sale-to-List Ratio

96.32%

Homes Sold

Pending in 2 Weeks

50%

Source: public market records

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

Your savings

How much can you save selling in Lakewood?

$0Estimated savings

That's a dream family vacation — save 2.5% of your home value

Your Lakewood home value

$667,500

$50,000$10M

Traditional Agent (3%)

$20,025

Ridley Pro (flat fee)

$3,499

Ready to sell in Lakewood?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Lakewood

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$20,025	$3,499	$999
Buyer agent	$18,6902.8% avg	$13,350~2% avg	$13,350~2% avg
Closing costs (~1.5%)	$10,013	$10,013	$10,013
Total cost	$48,728	$26,862	$24,362
You save	—	$16,526	$19,026

Based on the Lakewood median home price of $667,500. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Lakewood

A flat fee of $3,499 instead of the typical $20,025 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Lakewood market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Lakewood buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $16,526 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

FAQ

Common questions about selling in Lakewood

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Explore nearby

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View all Virginia Beach market data →