Lakewood Real Estate: Explore Homes and Lakefront Properties

 

Nestled between Tacoma and Joint Base Lewis–McChord, Lakewood, WA, offers a diverse and compelling real estate market that blends accessible living with upscale tranquility. The average home value in Lakewood is around $523,000, with median sale prices ranging between $505,000 and $563,000, reflecting steady year-over-year growth of 0.2%–0.6% as of mid-2025. Homes typically sell quickly, in about 12 to 13 days, underscoring the competitive nature of Lakewood homes for sale.

 

The market supports every taste and price point—from cozy starter homes to stunning lakefront real estate on American Lake, Gravelly Lake, and Lake Steilacoom. Luxury listings include properties priced from approximately $1,200,000 to over $4,000,000, with listings featuring high-end finishes and generous square footage. Notable first-tier luxury homes, like expansive estates on Gravelly Lake, one of Lakewood’s most prestigious lakes, highlight the area's appeal to discerning buyers.

 

Beyond the homes, Lakewood is rich in history and local charm. Incorporated in 1996 after a long drive for cityhood, Lakewood includes diverse cultural districts and historic landmarks like Rhodesleigh, a grand Tudor Revival estate on Lake Steilacoom. Outdoor amenities abound, including the 10-acre Lakewold Gardens estate and public parks along American Lake’s shores. Whether you're seeking lakefront luxury homes in Lakewood, family-friendly neighborhoods, or something in between, Lakewood delivers lifestyle, convenience, and real estate value in equal measure.