Lakewood Home Values
The median sale price in Lakewood was about $1.56 million, up 10.2 percent from a year earlier, over the three months ending September 2026, according to Redfin. For a real number on your own home, call or text (214) 600-3392.
Table of contents
Lakewood Home Values in 2026
Redfin reported the median sale price per square foot at about $474, down 12.8 percent year over year over the three months ending September 2026. The figures measure different things over different samples of closed sales, which is why they differ. None of them is a price for your home.
| Figure | Value | Source and date |
|---|---|---|
| The median sale price | about $1.56 million, up 10.2 percent from a year earlier, with a median of 32 days on market | Redfin, over the three months ending September 2026 |
| The median sale price per square foot | about $474, down 12.8 percent year over year | Redfin, over the three months ending September 2026 |
These figures describe the area, not one house; for a single home we start from the last ninety days of closed sales and a look at the house itself, as our home value page explains.
Where Lakewood is
Lakewood is the East Dallas neighborhood west of White Rock Lake, about five miles northeast of downtown. Lakewood Boulevard, Abrams Road and Gaston Avenue are the spine, with the lake on the east and Lower Greenville to the west.
Gaston, Abrams, Mockingbird and East Grand connect to Central Expressway and Interstate 30 in a few minutes. Downtown is about ten minutes without traffic. The Santa Fe Trail and the White Rock Lake trail are the car free routes.
What Drives Lakewood Home Values
White Rock Lake, the Arboretum, Lakewood Shopping Center and the Lakewood Theater. Big front yards, porches, Halloween block parties and a neighborhood association that has fought for the trees and the architecture for decades.
Schools. Lakewood is in Dallas ISD. Lakewood Elementary is the anchor, feeding J.L. Long Middle School and Woodrow Wilson High School. The Lakewood Elementary boundary matters to many buyers, and we confirm it on every listing.
Housing stock. 1920s and 1930s Tudors, Spanish Revivals and Colonials on the streets closest to the lake and the Lakewood Country Club, with larger rebuilds on the same lots. Away from the lake the houses get smaller and younger, and there are pockets of duplexes and small apartment buildings near Gaston and Abrams.
Lakewood Home Prices Change by Neighborhood
The pockets we price separately in Lakewood:
- Lakewood proper near the country club and the lake: the Tudors and Spanish Revivals that set the headline prices.
- Lakewood Heights and the streets off Abrams: smaller originals and cottages that are the entry point to the neighborhood.
- The Gaston Avenue edge: mixed streets with duplexes and small multifamily buildings that trade on income.
Straight Talk: Lakewood Pros and Cons
What we tell friends who ask about Lakewood, both sides.
What is good
- White Rock Lake, the Arboretum and the Lakewood Elementary boundary; one of the most sought after addresses in East Dallas.
- 1920s Tudors and Spanish Revivals that buyers from across the city compete for.
- Ten minutes to downtown without a highway.
What to know first
- Pier and beam foundations, cast iron drains and 1920s wiring; budget for all three on an original.
- Parts of the neighborhood sit in or near creek flood zones, so check the map before you fall in love.
- Prices jumped on thin samples; the headline median overstates what an average house brings.
What Sellers Should Know About Current Lakewood Home Values
Lakewood medians swing hard because only a few dozen homes close in a quarter, so a handful of big Tudor and lakefront sales can move the number. When we price a Lakewood house we throw out the outliers on both ends and compare against the same era, the same lot and the same school boundary.
How Buyers Should Read Lakewood Home Prices
Lakewood has a wide spread between original cottages and rebuilt estates on the same block. Decide which you want. Originals come with foundation and plumbing questions that every Lakewood buyer should budget for.
Two to four unit buyers
Lakewood and the Gaston corridor have a good supply of duplexes and fourplexes. We work with buyers who want to live in one unit and rent the others, and that math changes which streets make sense.
Updates That Can Support Your Lakewood Home Value
Pier and beam foundation work, updated plumbing and electrical, and a kitchen opened to the living space are the updates that return money here. Buyers pay for original character plus modern systems, not for one without the other.
Lakewood Home Value Questions
What is the median home value in Lakewood?
Redfin puts it at about $1.56 million (the median sale price in Lakewood, over the three months ending September 2026). The table above lists the other figures we track. Those are area wide figures. The value of one home depends on its street, lot, condition and school zone.
How do I get an accurate Lakewood home value?
Call or text (214) 600-3392 with the address. We pull the closed sales that compete with your house, look at the property, and send a range with the reasoning. It is free.
Are online estimates accurate for Lakewood?
They are a starting point. They never see the house and do not know the local rules that move value in Lakewood. Our home value page explains how we price a single home instead.
Get a More Accurate Lakewood Home Value
If you own a home in Lakewood and want to know what it is worth today, call or text (214) 600-3392 or send the address through the form below. You get a range with the sales behind it. Free, no obligation, and we do not sell your information.
Get your Lakewood home value
Call or text and we will send you a real number for your home. Free, no obligation, no spam.
Market figures on this page are quoted from the named public sources on the dates shown and may be revised by those sources. Nearby: M Streets, Lower Greenville, Knox Henderson, Casa Linda.