From January through March of 2021, there were 208 homes sold, with a median sale price of $207,500 - a 6.4% increase over the $194,950 median sale price for the same period of the previous year. There were 124 homes sold in Lakewood in the first quarter of 2020.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.4% of the median home sale price for the first quarter of 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 44 | 30 | 46.7% | $223,250 | $182,500 | 22.3% |
| Olmsted Township | 31 | 21 | 47.6% | $218,000 | $194,000 | 12.4% |
| Broadview Heights | 67 | 47 | 42.6% | $216,000 | $250,000 | -13.6% |
| Brooklyn Heights | 3 | 1 | 200% | $215,000 | $185,000 | 16.2% |
| Oakwood | 6 | 10 | -40% | $212,000 | $78,625 | 169.6% |
| Lakewood | 208 | 124 | 67.7% | $207,500 | $194,950 | 6.4% |
| Shaker Heights | 133 | 78 | 70.5% | $188,500 | $181,500 | 3.9% |
| North Royalton | 79 | 80 | -1.3% | $186,500 | $168,500 | 10.7% |
| University Heights | 75 | 55 | 36.4% | $185,500 | $156,000 | 18.9% |
| Fairview Park | 63 | 41 | 53.7% | $175,000 | $174,000 | 0.6% |
| North Olmsted | 116 | 91 | 27.5% | $173,350 | $145,000 | 19.6% |
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