In October 2021, there were 57 homes sold, with a median sale price of $245,000 - a 13.9% increase over the $215,100 median sale price for the same period of the previous year. There were 67 homes sold in Lakewood in October 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 October 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in October 2021:
| City | Oct. 2021 Home Sales | Oct. 2020 Home Sales | % change (Total Home Sales) | Oct. 2021 Median Sales Price | Oct. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Olmsted Township | 8 | 11 | -27.3% | $285,000 | $240,000 | 18.8% |
| Bratenahl | 2 | 2 | 0% | $283,625 | $380,750 | -25.5% |
| Westlake | 35 | 34 | 2.9% | $270,500 | $309,750 | -12.7% |
| Bay Village | 14 | 16 | -12.5% | $257,500 | $297,500 | -13.4% |
| Seven Hills | 17 | 12 | 41.7% | $255,000 | $211,750 | 20.4% |
| Lakewood | 57 | 67 | -14.9% | $245,000 | $215,100 | 13.9% |
| Strongsville | 33 | 45 | -26.7% | $244,275 | $273,000 | -10.5% |
| Fairview Park | 27 | 35 | -22.9% | $240,500 | $199,000 | 20.9% |
| North Royalton | 25 | 19 | 31.6% | $240,000 | $210,000 | 14.3% |
| Middleburg Heights | 18 | 18 | 0% | $230,000 | $207,500 | 10.8% |
| Shaker Heights | 46 | 38 | 21.1% | $225,000 | $197,000 | 14.2% |
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