In May 2020, there were 51 homes sold, with a median sale price of $202,000 - a 6.3% increase over the $190,000 median sale price for the same period of the previous year. There were 105 homes sold in Lakewood in May 2019.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,539, approximately 2.2% of the median home sale price for May 2020.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brecksville | 9 | 28 | -67.9% | $225,000 | $205,500 | 9.5% |
| Shaker Heights | 51 | 76 | -32.9% | $220,000 | $196,750 | 11.8% |
| Highland Heights | 6 | 17 | -64.7% | $214,500 | $255,000 | -15.9% |
| Strongsville | 43 | 86 | -50% | $212,000 | $216,500 | -2.1% |
| Seven Hills | 25 | 27 | -7.4% | $202,500 | $192,000 | 5.5% |
| Lakewood | 51 | 105 | -51.4% | $202,000 | $190,000 | 6.3% |
| Broadview Heights | 32 | 30 | 6.7% | $191,450 | $273,125 | -29.9% |
| North Royalton | 32 | 62 | -48.4% | $188,356 | $182,500 | 3.2% |
| Oakwood | 3 | 1 | 200% | $175,000 | $139,900 | 25.1% |
| Mayfield Heights | 17 | 39 | -56.4% | $170,000 | $140,000 | 21.4% |
| Fairview Park | 22 | 32 | -31.3% | $168,450 | $156,250 | 7.8% |
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