In July 2020, there were 80 homes sold, with a median sale price of $217,500 - a 14.5% increase over the $189,898 median sale price for the same period of the previous year. There were 99 homes sold in Lakewood in July 2019.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.3% of the median home sale price for July 2020.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Shaker Heights | 61 | 64 | -4.7% | $236,785 | $201,500 | 17.5% |
| Chagrin Falls | 8 | 13 | -38.5% | $235,000 | $365,000 | -35.6% |
| Westlake | 43 | 44 | -2.3% | $234,000 | $199,900 | 17.1% |
| Bratenahl | 7 | 5 | 40% | $230,000 | $325,000 | -29.2% |
| Seven Hills | 20 | 29 | -31% | $218,750 | $183,500 | 19.2% |
| Lakewood | 80 | 99 | -19.2% | $217,500 | $189,898 | 14.5% |
| Olmsted Township | 10 | 22 | -54.5% | $199,500 | $234,500 | -14.9% |
| Middleburg Heights | 27 | 26 | 3.8% | $185,000 | $139,000 | 33.1% |
| Highland Heights | 11 | 15 | -26.7% | $180,000 | $360,000 | -50% |
| University Heights | 29 | 31 | -6.5% | $177,000 | $159,500 | 11% |
| North Olmsted | 42 | 55 | -23.6% | $176,000 | $159,900 | 10.1% |
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