In November 2020, there were 72 homes sold, with a median sale price of $226,250 - a 23.3% increase over the $183,500 median sale price for the same period of the previous year. There were 45 homes sold in Lakewood in November 2019.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.2% of the median home sale price for November 2020.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bay Village | 26 | 15 | 73.3% | $260,000 | $225,000 | 15.6% |
| Strongsville | 68 | 36 | 88.9% | $245,000 | $205,000 | 19.5% |
| Olmsted Township | 18 | 6 | 200% | $239,500 | $146,500 | 63.5% |
| Westlake | 43 | 25 | 72% | $238,000 | $210,000 | 13.3% |
| Shaker Heights | 36 | 32 | 12.5% | $228,750 | $128,000 | 78.7% |
| Lakewood | 72 | 45 | 60% | $226,250 | $183,500 | 23.3% |
| Independence | 11 | 11 | 0% | $225,000 | $214,000 | 5.1% |
| Walton Hills | 2 | 3 | -33.3% | $222,500 | $145,000 | 53.4% |
| North Royalton | 40 | 16 | 150% | $221,500 | $163,500 | 35.5% |
| Seven Hills | 21 | 9 | 133.3% | $220,000 | $203,000 | 8.4% |
| Highland Heights | 12 | 6 | 100% | $210,950 | $321,250 | -34.3% |
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