In January 2017, there were 43 homes sold, with a median sale price of $157,000 - a 56.6% increase over the $100,250 median sale price for the same period of the previous year. There were 36 homes sold in Lakewood in January 2016.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.9% of the median home sale price for January 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bay Village | 23 | 5 | 360% | $188,000 | $140,500 | 33.8% |
| Highland Heights | 4 | 1 | 300% | $173,250 | $295,000 | -41.3% |
| Independence | 8 | 2 | 300% | $172,950 | $262,500 | -34.1% |
| Middleburg Heights | 8 | 12 | -33.3% | $162,450 | $121,000 | 34.3% |
| Seven Hills | 20 | 6 | 233.3% | $160,400 | $127,450 | 25.9% |
| Lakewood | 43 | 36 | 19.4% | $157,000 | $100,250 | 56.6% |
| Strongsville | 44 | 34 | 29.4% | $156,950 | $152,250 | 3.1% |
| Olmsted Township | 11 | 3 | 266.7% | $150,000 | $160,000 | -6.3% |
| Fairview Park | 16 | 9 | 77.8% | $141,500 | $135,000 | 4.8% |
| Shaker Heights | 35 | 25 | 40% | $129,900 | $131,000 | -0.8% |
| University Heights | 21 | 10 | 110% | $125,000 | $79,167 | 57.9% |
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