In December 2020, there were 84 homes sold, with a median sale price of $239,000 - a 39.8% increase over the $171,000 median sale price for the same period of the previous year. There were 39 homes sold in Lakewood in December 2019.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.1% of the median home sale price for December 2020.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in December 2020:
| City | Dec. 2020 Home Sales | Dec. 2019 Home Sales | % change (Total Home Sales) | Dec. 2020 Median Sales Price | Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Solon | 22 | 17 | 29.4% | $270,000 | $251,000 | 7.6% |
| Rocky River | 34 | 18 | 88.9% | $260,000 | $313,500 | -17.1% |
| North Royalton | 29 | 18 | 61.1% | $260,000 | $148,700 | 74.8% |
| Walton Hills | 6 | 3 | 100% | $248,000 | $225,000 | 10.2% |
| Strongsville | 36 | 20 | 80% | $246,000 | $193,000 | 27.5% |
| Lakewood | 84 | 39 | 115.4% | $239,000 | $171,000 | 39.8% |
| Shaker Heights | 44 | 33 | 33.3% | $235,000 | $180,000 | 30.6% |
| Seven Hills | 16 | 12 | 33.3% | $229,500 | $162,950 | 40.8% |
| Westlake | 27 | 13 | 107.7% | $224,000 | $156,000 | 43.6% |
| Mayfield | 6 | 0 | - | $217,000 | $0 | - |
| Broadview Heights | 27 | 9 | 200% | $210,000 | $167,500 | 25.4% |
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