In June 2021, there were 75 homes sold, with a median sale price of $245,000 - a 18.4% increase over the $207,000 median sale price for the same period of the previous year. There were 88 homes sold in Lakewood in June 2020.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2% of the median home sale price for June 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in June 2021:
| City | June 2021 Home Sales | June 2020 Home Sales | % change (Total Home Sales) | June 2021 Median Sales Price | June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mayfield | 3 | 5 | -40% | $280,000 | $175,000 | 60% |
| Shaker Heights | 67 | 60 | 11.7% | $278,750 | $240,000 | 16.1% |
| Bay Village | 27 | 23 | 17.4% | $276,000 | $209,500 | 31.7% |
| Olmsted Township | 9 | 10 | -10% | $276,000 | $239,450 | 15.3% |
| Walton Hills | 3 | 2 | 50% | $260,000 | $204,950 | 26.9% |
| Lakewood | 75 | 88 | -14.8% | $245,000 | $207,000 | 18.4% |
| Fairview Park | 29 | 35 | -17.1% | $235,000 | $197,500 | 19% |
| North Royalton | 25 | 36 | -30.6% | $232,000 | $189,000 | 22.8% |
| Valley View | 2 | 1 | 100% | $231,750 | $175,000 | 32.4% |
| Woodmere | 3 | 0 | - | $230,000 | $0 | - |
| Seven Hills | 15 | 18 | -16.7% | $215,000 | $199,950 | 7.5% |
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