In March 2017, there were 27 homes sold, with a median sale price of $136,000 - a 21.4% increase over the $112,000 median sale price for the same period of the previous year. There were 47 homes sold in Lakewood in March 2016.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 3.3% of the median home sale price for March 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Middleburg Heights | 15 | 12 | 25% | $148,000 | $145,500 | 1.7% |
| Olmsted Township | 7 | 6 | 16.7% | $145,000 | $126,950 | 14.2% |
| North Royalton | 23 | 13 | 76.9% | $144,900 | $125,000 | 15.9% |
| Seven Hills | 11 | 12 | -8.3% | $144,100 | $116,000 | 24.2% |
| Mayfield Heights | 11 | 16 | -31.3% | $143,000 | $128,250 | 11.5% |
| Lakewood | 27 | 47 | -42.6% | $136,000 | $112,000 | 21.4% |
| Berea | 7 | 21 | -66.7% | $125,000 | $99,000 | 26.3% |
| University Heights | 11 | 18 | -38.9% | $124,000 | $84,900 | 46.1% |
| North Olmsted | 19 | 28 | -32.1% | $123,000 | $98,925 | 24.3% |
| Shaker Heights | 17 | 24 | -29.2% | $120,625 | $180,000 | -33% |
| Walton Hills | 1 | 0 | - | $120,000 | $0 | - |
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