In November 2019, there were 45 homes sold, with a median sale price of $183,500 - a 7% increase over the $171,450 median sale price for the same period of the previous year. There were 80 homes sold in Lakewood in November 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 November 2019.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Westlake | 25 | 49 | -49% | $210,000 | $204,000 | 2.9% |
| Rocky River | 23 | 35 | -34.3% | $208,000 | $229,000 | -9.2% |
| Strongsville | 36 | 42 | -14.3% | $205,000 | $207,500 | -1.2% |
| Seven Hills | 9 | 16 | -43.8% | $203,000 | $175,500 | 15.7% |
| Fairview Park | 12 | 26 | -53.8% | $196,200 | $165,500 | 18.5% |
| Lakewood | 45 | 80 | -43.8% | $183,500 | $171,450 | 7% |
| Broadview Heights | 13 | 23 | -43.5% | $170,000 | $221,500 | -23.3% |
| North Royalton | 16 | 32 | -50% | $163,500 | $133,000 | 22.9% |
| Olmsted Falls | 4 | 9 | -55.6% | $161,550 | $120,000 | 34.6% |
| Brooklyn Heights | 3 | 4 | -25% | $155,000 | $103,075 | 50.4% |
| North Olmsted | 29 | 34 | -14.7% | $152,100 | $145,500 | 4.5% |
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