In December 2018, there were 65 homes sold, with a median sale price of $150,000 - a 7.2% increase over the $139,950 median sale price for the same period of the previous year. There were 76 homes sold in Lakewood in December 2017.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 3% of the median home sale price for December 2018.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in December 2018:
| City | Dec. 2018 Home Sales | Dec. 2017 Home Sales | % change (Total Home Sales) | Dec. 2018 Median Sales Price | Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 13 | 16 | -18.8% | $182,000 | $156,950 | 16% |
| Orange | 8 | 4 | 100% | $175,000 | $197,750 | -11.5% |
| Mayfield | 5 | 1 | 400% | $168,000 | $315,000 | -46.7% |
| Walton Hills | 5 | 4 | 25% | $165,000 | $238,500 | -30.8% |
| Olmsted Township | 6 | 8 | -25% | $164,950 | $191,500 | -13.9% |
| Lakewood | 65 | 76 | -14.5% | $150,000 | $139,950 | 7.2% |
| Mayfield Heights | 28 | 24 | 16.7% | $149,000 | $133,750 | 11.4% |
| University Heights | 26 | 25 | 4% | $149,000 | $125,000 | 19.2% |
| Middleburg Heights | 19 | 19 | 0% | $147,500 | $149,500 | -1.3% |
| North Olmsted | 54 | 30 | 80% | $141,500 | $134,250 | 5.4% |
| Lyndhurst | 23 | 27 | -14.8% | $140,000 | $135,000 | 3.7% |
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