From April through June of 2017, there were 216 homes sold, with a median sale price of $148,000 - a 6.9% increase over the $138,500 median sale price for the same period of the previous year. There were 118 homes sold in Lakewood in the second quarter of 2016.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 3% of the median home sale price for the second quarter of 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 35 | 35 | 0% | $165,000 | $152,000 | 8.6% |
| Fairview Park | 72 | 34 | 111.8% | $164,700 | $149,250 | 10.4% |
| University Heights | 89 | 59 | 50.8% | $160,000 | $138,000 | 15.9% |
| Richmond Heights | 29 | 28 | 3.6% | $156,000 | $75,975 | 105.3% |
| Middleburg Heights | 69 | 49 | 40.8% | $149,500 | $134,500 | 11.2% |
| Lakewood | 216 | 118 | 83.1% | $148,000 | $138,500 | 6.9% |
| Olmsted Falls | 50 | 21 | 138.1% | $143,500 | $140,000 | 2.5% |
| North Royalton | 94 | 54 | 74.1% | $142,000 | $168,000 | -15.5% |
| Lyndhurst | 79 | 48 | 64.6% | $140,000 | $118,500 | 18.1% |
| North Olmsted | 135 | 86 | 57% | $139,900 | $129,875 | 7.7% |
| Brooklyn Heights | 4 | 2 | 100% | $136,000 | $113,950 | 19.4% |
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