From January through June of 2021, there were 427 homes sold, with a median sale price of $220,000 - a 12.8% increase over the $195,000 median sale price for the same period of the previous year. There were 343 homes sold in Lakewood in the first half of 2020.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.3% of the median home sale price for the first half of 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in the first half of 2021:
| City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brooklyn Heights | 4 | 9 | -55.6% | $250,500 | $185,000 | 35.4% |
| Walton Hills | 19 | 11 | 72.7% | $242,500 | $200,000 | 21.3% |
| Broadview Heights | 137 | 129 | 6.2% | $235,000 | $245,000 | -4.1% |
| Woodmere | 5 | 1 | 400% | $230,000 | $50,000 | 360% |
| Olmsted Township | 59 | 53 | 11.3% | $224,000 | $197,000 | 13.7% |
| Lakewood | 427 | 343 | 24.5% | $220,000 | $195,000 | 12.8% |
| Seven Hills | 91 | 95 | -4.2% | $220,000 | $194,000 | 13.4% |
| Shaker Heights | 298 | 245 | 21.6% | $215,000 | $210,000 | 2.4% |
| Fairview Park | 129 | 115 | 12.2% | $208,000 | $179,000 | 16.2% |
| University Heights | 172 | 153 | 12.4% | $200,000 | $168,000 | 19% |
| North Royalton | 170 | 180 | -5.6% | $193,000 | $178,500 | 8.1% |
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