Lakewood OH Multi Family Property Values
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In June (2025), the median estimated Lakewood multi family property value was $351,000 - a 2% increase over the last twelve months. Inventory is still very low holding at 1.74 months. Listings that sold in June 2025 had an average market time of 16 days and sold at 100.41% of the list price (slightly over). We need the number of properties on the market to at least double to meet the current buyer demand....even with interest rates going up. The market still very much favors Sellers, but accurate pricing is important- buyers will avoid overpriced properties. Buyers should expect a very competitive market with multiple offers, but should also exercise caution when bidding prices up.
The rental market is also very strong with most two family units renting between $1300- $1600 per month. We offer a free rental analysis report to help you understand the market rent for your investment property. Click here to get yours instantly.
*all statistics quoted per Realtors Property Resource
Based on information submitted to MLS Now as of June 1, 2026 9:23 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to MLS Now as of June 1, 2026 9:29 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.