In February 2020, there were 38 homes sold, with a median sale price of $194,950 - a 19.6% increase over the $163,000 median sale price for the same period of the previous year. There were 85 homes sold in Lakewood in February 2019.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,539, approximately 2.3% of the median home sale price for February 2020.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Highland Heights | 7 | 4 | 75% | $240,000 | $249,950 | -4% |
| Mayfield | 1 | 2 | -50% | $238,000 | $180,000 | 32.2% |
| Shaker Heights | 28 | 30 | -6.7% | $199,000 | $167,550 | 18.8% |
| Westlake | 24 | 34 | -29.4% | $197,500 | $176,000 | 12.2% |
| Strongsville | 27 | 38 | -28.9% | $195,000 | $191,000 | 2.1% |
| Lakewood | 38 | 85 | -55.3% | $194,950 | $163,000 | 19.6% |
| Glenwillow | 1 | 0 | - | $189,900 | $0 | - |
| Bay Village | 14 | 24 | -41.7% | $186,682 | $202,500 | -7.8% |
| Seven Hills | 11 | 15 | -26.7% | $180,000 | $138,000 | 30.4% |
| Olmsted Township | 5 | 7 | -28.6% | $179,900 | $224,000 | -19.7% |
| Middleburg Heights | 11 | 21 | -47.6% | $175,000 | $167,000 | 4.8% |
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