What are the current median home prices in Lakewood for single-family homes versus condos and townhomes?

In Lakewood, Dallas, the median sale price for single-family homes is approximately $1,250,000 as of early 2025, while condos and townhomes typically range from $400,000 to $550,000, providing attractive options for downsizers seeking low-maintenance living.

If you're considering downsizing in Lakewood, Dallas, knowing current median prices for single-family homes versus condos or townhomes is crucial to budgeting and making an informed decision. Lakewood remains a highly desirable neighborhood that blends historic charm with proximity to amenities like White Rock Lake, restaurants, and parks. Whether you're aiming for a spacious single-family home or a convenient condo, understanding price differences ensures you find the best fit for your lifestyle and financial goals in this competitive market.

Median Home Prices in Lakewood, Dallas

• Single-Family Homes: Median sale price stands at about $1,250,000 with a price per square foot roughly $429. Pricing reflects a stable yet slightly cooling trend from a previous strong rise, maintaining long-term value for sellers and buyers alike.
• Condos and Townhomes: Median prices range broadly from $400,000 to $550,000 in Lakewood and nearby neighborhoods like Lakewood Hills, making these properties appealing for empty nesters and retirees prioritizing low-maintenance lifestyles.

Market Trends and Inventory

• The Lakewood market has seen an approximate 39.7% increase in home values over the past year. However, inventory remains limited with about 40 homes available, marking a slight increase in choice but sustaining a seller's market environment.
• Homes typically spend around 58 days on the market, longer than last year’s 35 days, offering some breathing room for thoughtful buyers.
• Neighborhoods like Lake Way boast median list prices near $1.9 million, while areas like Old East Dallas are more affordable with median prices around $690,000.

Lifestyle and Location Benefits

• Lakewood’s charm includes historic architecture, walkable streets, proximity to White Rock Lake trails, local dining, and the Dallas Arboretum, ideal for retirees and empty nesters wanting convenience without sacrificing quality of life.
• The community’s balance of outdoor spaces, cultural amenities, and low-maintenance housing options fits perfectly with downsizing goals.

Why This Matters for You

Understanding these pricing and market dynamics helps you budget accurately, select the right type of home for your needs, and time your move or sale optimally in Lakewood's thriving market. Whether you plan to sell your Lakewood home or seek a low-maintenance condo, Lakewood offers a range of options catering to your lifestyle.