In October 2019, there were 95 homes sold, with a median sale price of $189,000 - a 19.4% increase over the $158,250 median sale price for the same period of the previous year. There were 98 homes sold in Lakewood in October 2018.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.4% of the median home sale price for October 2019.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in October 2019:
| City | Oct. 2019 Home Sales | Oct. 2018 Home Sales | % change (Total Home Sales) | Oct. 2019 Median Sales Price | Oct. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 14 | 19 | -26.3% | $225,450 | $170,400 | 32.3% |
| Strongsville | 56 | 52 | 7.7% | $223,250 | $194,250 | 14.9% |
| Brooklyn Heights | 4 | 3 | 33.3% | $215,000 | $150,000 | 43.3% |
| North Royalton | 47 | 34 | 38.2% | $194,500 | $198,000 | -1.8% |
| Shaker Heights | 42 | 57 | -26.3% | $189,950 | $155,000 | 22.5% |
| Lakewood | 95 | 98 | -3.1% | $189,000 | $158,250 | 19.4% |
| Bratenahl | 4 | 8 | -50% | $186,250 | $190,000 | -2% |
| Chagrin Falls | 10 | 13 | -23.1% | $184,500 | $277,200 | -33.4% |
| Broadview Heights | 42 | 19 | 121.1% | $180,000 | $164,900 | 9.2% |
| Olmsted Township | 12 | 12 | 0% | $175,500 | $215,450 | -18.5% |
| Middleburg Heights | 29 | 18 | 61.1% | $175,000 | $136,250 | 28.4% |
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