From January through December of 2019, there were 996 homes sold, with a median sale price of $180,000 - a 12.5% increase over the $160,000 median sale price for the previous year. There were 1,064 homes sold in Lakewood in 2018.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.5% of the median home sale price for 2019.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Olmsted Township | 153 | 146 | 4.8% | $209,900 | $203,250 | 3.3% |
| Walton Hills | 27 | 54 | -50% | $200,000 | $181,500 | 10.2% |
| Valley View | 18 | 14 | 28.6% | $193,000 | $141,000 | 36.9% |
| Shaker Heights | 590 | 655 | -9.9% | $188,000 | $173,000 | 8.7% |
| Seven Hills | 229 | 208 | 10.1% | $185,000 | $179,500 | 3.1% |
| Lakewood | 996 | 1,064 | -6.4% | $180,000 | $160,000 | 12.5% |
| North Royalton | 436 | 455 | -4.2% | $175,150 | $178,000 | -1.6% |
| Fairview Park | 298 | 332 | -10.2% | $172,750 | $169,950 | 1.6% |
| Woodmere | 6 | 4 | 50% | $170,000 | $159,450 | 6.6% |
| Middleburg Heights | 267 | 247 | 8.1% | $160,000 | $149,000 | 7.4% |
| North Olmsted | 531 | 576 | -7.8% | $158,600 | $153,500 | 3.3% |
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