From January through December of 2020, there were 789 homes sold, with a median sale price of $215,000 - a 19.4% increase over the $180,000 median sale price for the previous year. There were 996 homes sold in Lakewood in 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 2020.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodmere | 5 | 7 | -28.6% | $235,000 | $180,000 | 30.6% |
| Strongsville | 538 | 675 | -20.3% | $234,000 | $213,000 | 9.9% |
| Broadview Heights | 289 | 297 | -2.7% | $226,000 | $215,000 | 5.1% |
| Walton Hills | 28 | 27 | 3.7% | $222,450 | $200,000 | 11.2% |
| Olmsted Township | 132 | 154 | -14.3% | $217,250 | $209,950 | 3.5% |
| Lakewood | 789 | 996 | -20.8% | $215,000 | $180,000 | 19.4% |
| Shaker Heights | 531 | 588 | -9.7% | $210,000 | $188,360 | 11.5% |
| Seven Hills | 214 | 229 | -6.6% | $208,100 | $185,000 | 12.5% |
| North Royalton | 371 | 433 | -14.3% | $195,000 | $174,000 | 12.1% |
| Fairview Park | 295 | 298 | -1% | $185,500 | $172,750 | 7.4% |
| Cuyahoga Heights | 5 | 3 | 66.7% | $185,500 | $136,000 | 36.4% |
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