Lakewood Market Report · IL Home Values
Lakewood is a Glen Ellyn, IL neighborhood of about 458 homes, 88% of them owner-occupied, with a median year built of 1964. Classic Glen Ellyn streets north of Lake Ellyn with 1950s-60s charmers and a growing wave of expansions. Walk to the Metra, downtown, and Lake Ellyn Park. District 41 and Glenbard West. Tight inventory and fierce spring competition.
The Lakewood median sold price stands at $614,000 as of July 2026, +3.9% year over year. The twelve-month peak was $656,000 in January 2026. 71 homes closed over the period, averaging 99.3% of list price most recently, with 15 days on market.
Read the trend, not the single month. Lakewood pricing follows preparation and seasonality more than it follows rate news, and the spread between prepared and unprepared homes is wider than the median suggests. A street-level read is a different number from the one above, and the table below is where it starts.
| Month | Median sold | Closed | DOM | List-to-sale |
|---|---|---|---|---|
| Aug | $591,000 | 4 | 13 | 97.6% |
| Sep | $604,000 | 7 | 13 | 99.5% |
| Oct | $620,000 | 5 | 17 | 98.7% |
| Nov | $637,000 | 5 | 18 | 98% |
| Dec | $649,000 | 7 | 13 | 97.7% |
| Jan | $656,000 | 4 | 13 | 98.3% |
| Feb | $655,000 | 7 | 14 | 99.6% |
| Mar | $647,000 | 5 | 14 | 97.7% |
| Apr | $635,000 | 7 | 13 | 99.6% |
| May | $623,000 | 6 | 15 | 100% |
| Jun | $615,000 | 8 | 17 | 100.1% |
| Jul | $614,000 | 6 | 15 | 99.3% |
Lakewood by the month
12 months of Lakewood closings, August 2025 through July 2026. Each panel is one series; the table carries every figure.
Listing information courtesy of MRED LLC. Demo data — not real listings.
Illustrative market figures for the Faro Sites demo — plausible, and fictional. A live site shows real closings with their source and the month they run through.
Twelve months of Lakewood closings
| Month | Median sold | Closed | New listings | Avg DOM | List-to-sale |
|---|---|---|---|---|---|
| August 2025 | $591,000 | 4 | 4 | 13 | 97.6% |
| September 2025 | $604,000 | 7 | 5 | 13 | 99.5% |
| October 2025 | $620,000 | 5 | 8 | 17 | 98.7% |
| November 2025 | $637,000 | 5 | 6 | 18 | 98% |
| December 2025 | $649,000 | 7 | 9 | 13 | 97.7% |
| January 2026 | $656,000 | 4 | 5 | 13 | 98.3% |
| February 2026 | $655,000 | 7 | 6 | 14 | 99.6% |
| March 2026 | $647,000 | 5 | 5 | 14 | 97.7% |
| April 2026 | $635,000 | 7 | 10 | 13 | 99.6% |
| May 2026 | $623,000 | 6 | 5 | 15 | 100% |
| June 2026 | $615,000 | 8 | 5 | 17 | 100.1% |
| July 2026 | $614,000 | 6 | 5 | 15 | 99.3% |
Listing information courtesy of MRED LLC. Demo data — not real listings.
Illustrative market figures for the Faro Sites demo — plausible, and fictional. A live site shows real closings with their source and the month they run through.
What the Lakewood numbers say
The median Lakewood home sold for $614,000 in July 2026, up 3.9% from $591,000 in August 2025. The twelve-month high was $656,000 in January 2026.
Homes averaged 15 days on the market and closed at 99.3% of list price in July 2026. That is 2 days slower than August 2025.
At the pace of the last three months, the 5 homes on the market in Lakewood represent about 0.8 months of supply: less than four months, which is the range where prepared homes tend to clear quickly and buyers have little room to wait.
Buyers should expect to move on a home in days rather than weeks, and to have the comparable sales in hand before writing. Sellers are getting close to their asking price, which usually means the price was set against recent comparable sales rather than against what neighbors are asking.
Illustrative market figures for the Faro Sites demo — plausible, and fictional. A live site shows real closings with their source and the month they run through.
Talk to the Lakewood specialist
Elena has 19 years in these neighborhoods and answers personally.