House Prices

House Prices & Home Values Lakewood, IL 2026


Average Data

average house price$124,225
average size per house1993 ft²
average price per ft²63 $ / ft²

04/23/2026 - The value range (VR) for house prices in Lakewood, IL is $41/ sqft to $41/ sqft. An average home with 1993 sqft costs approximately $81,713 to $81,713. Lakewood, IL includes 1 ZIP codes and it is located in Shelby county. The lowest prices are found in ZIP 62438, while the highest are in ZIP 62438. The average price per sqare feet is $63. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Lakewood

6243845 $ / ft²




Historical development of home values in Lakewood

Year Estimated value (USD) Change vs. 2025
2010 $57,692 -53.6%
2011 $55,461 -55.4%
2012 $55,312 -55.5%
2013 $57,379 -53.8%
2014 $60,233 -51.5%
2015 $63,324 -49.0%
2016 $66,629 -46.4%
2017 $70,225 -43.5%
2018 $74,107 -40.3%
2019 $77,544 -37.6%
2020 $81,552 -34.4%
2021 $92,757 -25.3%
2022 $108,134 -13.0%
2023 $114,032 -8.2%
2024 $120,629 -2.9%
2025 $124,225 0.0%

Graph: estimated home values in Lakewood over time (USD)



Example: 100% financing house in Lakewood

Loan amount: $124,225

Interest rate: 6.00%

Fixed monthly payment: $744.79

Breakdown in the 1st month:
Interest portion: $621.13  –  Principal portion: $123.67

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,412.00 $1,525.50 $122,699.50
2 $7,317.91 $1,619.59 $121,079.92
3 $7,218.02 $1,719.48 $119,360.44
4 $7,111.97 $1,825.53 $117,534.90
5 $6,999.37 $1,938.13 $115,596.77
6 $6,879.83 $2,057.67 $113,539.11
7 $6,752.92 $2,184.58 $111,354.53
8 $6,618.18 $2,319.32 $109,035.21
9 $6,475.13 $2,462.37 $106,572.84
10 $6,323.26 $2,614.24 $103,958.59
11 $6,162.01 $2,775.49 $101,183.11
12 $5,990.83 $2,946.67 $98,236.44
13 $5,809.08 $3,128.42 $95,108.02
14 $5,616.13 $3,321.37 $91,786.65
15 $5,411.28 $3,526.22 $88,260.43
16 $5,193.79 $3,743.71 $84,516.71
17 $4,962.88 $3,974.62 $80,542.10
18 $4,717.74 $4,219.76 $76,322.33
19 $4,457.47 $4,480.03 $71,842.30
20 $4,181.15 $4,756.35 $67,085.96
21 $3,887.79 $5,049.71 $62,036.25
22 $3,576.34 $5,361.16 $56,675.08
23 $3,245.67 $5,691.83 $50,983.25
24 $2,894.61 $6,042.89 $44,940.37
25 $2,521.90 $6,415.60 $38,524.77
26 $2,126.20 $6,811.30 $31,713.46
27 $1,706.09 $7,231.41 $24,482.06
28 $1,260.08 $7,677.42 $16,804.63
29 $786.55 $8,150.95 $8,653.68
30 $283.82 $8,653.68 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lakewood, IL


1500 sqft3900 sqft
Ø selling price$114,346$243,244
Ø fast selling$103,951$218,919
Ø high price sale$124,741$267,568

In 2026, houses in Lakewood, IL will be offered at an average price of $63 per square foot. A 1,500 sqft home priced at $114,346 is 25.07% more expensive per square foot than a 3,900 sqft home priced at $243,244. Home prices in Lakewood, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $168,399. Sellers who can wait longer may achieve a higher price of up to $205,822.

FAQ – Home Values in Lakewood

What is the median home value in Lakewood in 2026?

In 2026, the typical home value in Lakewood is about $124,225 for an average home size of 1993 square feet. This corresponds to an average price of roughly $63 per square foot.

What is the average cost per square foot in Lakewood?

In 2026, homes in Lakewood sell for an average of around $63 per square foot, with a typical range between $41 and $41 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lakewood is about 1993 square feet, with an estimated 2026 value around $124,225.



Locations close to Lakewood, IL

Lawrenceville, IL61 $ / ft²
Lerna, IL95 $ / ft²
Marshall, IL70 $ / ft²
Jewett, IL178 $ / ft²
Ingraham, IL549 $ / ft²
Hutsonville, IL100 $ / ft²
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