In August 2017, there were 107 homes sold, with a median sale price of $152,000 - a 2.4% increase over the $148,500 median sale price for the same period of the previous year. There were 71 homes sold in Lakewood in August 2016.
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 August 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Shaker Heights | 69 | 49 | 40.8% | $173,000 | $184,000 | -6% |
| Seven Hills | 27 | 15 | 80% | $169,000 | $162,000 | 4.3% |
| Middleburg Heights | 51 | 27 | 88.9% | $160,000 | $130,000 | 23.1% |
| University Heights | 32 | 27 | 18.5% | $155,000 | $125,000 | 24% |
| Fairview Park | 32 | 24 | 33.3% | $153,750 | $132,000 | 16.5% |
| Lakewood | 107 | 71 | 50.7% | $152,000 | $148,500 | 2.4% |
| North Olmsted | 68 | 49 | 38.8% | $145,000 | $125,000 | 16% |
| Olmsted Falls | 20 | 20 | 0% | $143,500 | $147,000 | -2.4% |
| Walton Hills | 7 | 4 | 75% | $132,100 | $172,000 | -23.2% |
| Brook Park | 32 | 24 | 33.3% | $124,750 | $108,000 | 15.5% |
| Berea | 37 | 24 | 54.2% | $121,600 | $115,500 | 5.3% |
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