In February 2021, there were 58 homes sold, with a median sale price of $177,500 - a 9% decrease over the $194,950 median sale price for the same period of the previous year. There were 40 homes sold in Lakewood in February 2020.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.8% of the median home sale price for February 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in February 2021:
| City | Feb. 2021 Home Sales | Feb. 2020 Home Sales | % change (Total Home Sales) | Feb. 2021 Median Sales Price | Feb. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 11 | 12 | -8.3% | $231,000 | $175,000 | 32% |
| Highland Heights | 13 | 8 | 62.5% | $228,500 | $250,000 | -8.6% |
| Strongsville | 36 | 30 | 20% | $222,612.50 | $204,250 | 9% |
| Beachwood | 5 | 10 | -50% | $200,000 | $304,000 | -34.2% |
| University Heights | 20 | 16 | 25% | $188,300 | $144,250 | 30.5% |
| Lakewood | 58 | 40 | 45% | $177,500 | $194,950 | -9% |
| North Olmsted | 43 | 17 | 152.9% | $170,000 | $145,000 | 17.2% |
| North Royalton | 21 | 27 | -22.2% | $165,000 | $163,000 | 1.2% |
| Oakwood | 2 | 4 | -50% | $162,500 | $95,750 | 69.7% |
| Fairview Park | 21 | 18 | 16.7% | $160,000 | $159,500 | 0.3% |
| Westlake | 21 | 27 | -22.2% | $158,000 | $190,000 | -16.8% |
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