In March 2021, there were 71 homes sold, with a median sale price of $202,500 - a 2.6% decrease over the $208,000 median sale price for the same period of the previous year. There were 47 homes sold in Lakewood in March 2020.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.5% of the median home sale price for March 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Walton Hills | 1 | 2 | -50% | $225,000 | $207,500 | 8.4% |
| Seven Hills | 11 | 14 | -21.4% | $221,500 | $189,450 | 16.9% |
| Olmsted Township | 12 | 13 | -7.7% | $216,500 | $217,000 | -0.2% |
| Westlake | 42 | 30 | 40% | $212,250 | $242,000 | -12.3% |
| Shaker Heights | 52 | 30 | 73.3% | $210,000 | $163,500 | 28.4% |
| Lakewood | 71 | 47 | 51.1% | $202,500 | $208,000 | -2.6% |
| Fairview Park | 23 | 11 | 109.1% | $200,000 | $144,000 | 38.9% |
| University Heights | 27 | 28 | -3.6% | $194,200 | $182,500 | 6.4% |
| North Olmsted | 38 | 45 | -15.6% | $191,000 | $145,000 | 31.7% |
| Olmsted Falls | 15 | 15 | 0% | $187,500 | $137,500 | 36.4% |
| Lyndhurst | 27 | 23 | 17.4% | $186,000 | $138,000 | 34.8% |
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