Dallas Neighborhood – Lakewood

The single-family real estate market in the Lakewood neighborhood of Dallas, TX, during August 2025 exhibits a transition from a highly competitive seller’s market to one with increased buyer opportunity. Market performance indicators point to a shift in dynamics and a rebalancing of supply and demand.

Key Performance Indicators:

Median Sale Price: While the median list price remains high, trending upwards to approximately $1.5M, the median sale price shows mixed signals. Recent data indicates a median sale price of approximately $1.46M in July 2025, a significant year-over-year increase, but with some sources showing a drop in the broader Dallas market. This suggests that while the high-end luxury sector of Lakewood remains robust, there is a divergence between asking prices and final sale prices, with a slight deceleration of price growth from a hyper-accelerated rate.
Days on Market (DOM): The median days on market has extended, with homes taking an average of 50 days to sell in July 2025, up from 32 days a year prior. This lengthening of the sales cycle indicates a reduction in buyer urgency and provides a more favorable environment for due diligence and negotiation. Individual sales in August 2025 also show a wide range of days on market, with some properties taking over 100 days to close.Sale-to-List Price Ratio: The sale-to-list price ratio for all home types in Lakewood was 96% in July 2025, a 1.03 percentage point decrease year-over-year. A high percentage of listings also experienced price drops, and no homes sold above list price in July 2025. This metric is a strong indicator of reduced seller leverage and increased buyer negotiating power.
Inventory: There has been a notable increase in active listings. This rise in supply, combined with the other indicators, confirms a move towards a more balanced market where the supply of homes is beginning to exceed buyer demand.

In conclusion, the Lakewood single-family market in August 2025 is in a state of adjustment. While the area retains its status as a high-value, desirable location, the market is no longer as intense for buyers. Metrics related to days on market, sales volume, and sale-to-list price ratio all reflect a transition that provides buyers with more leverage and sellers with a more competitive environment.