From January through March of 2017, there were 105 homes sold, with a median sale price of $142,500 - a 29.5% increase over the $110,000 median sale price for the same period of the previous year. There were 129 homes sold in Lakewood in the first quarter of 2016.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 3.2% of the median home sale price for the first quarter of 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Strongsville | 82 | 110 | -25.5% | $170,250 | $155,000 | 9.8% |
| Mayfield | 7 | 5 | 40% | $154,500 | $339,000 | -54.4% |
| Middleburg Heights | 30 | 31 | -3.2% | $152,000 | $130,000 | 16.9% |
| Seven Hills | 40 | 31 | 29% | $148,175 | $138,900 | 6.7% |
| Olmsted Township | 27 | 16 | 68.8% | $145,000 | $126,950 | 14.2% |
| Lakewood | 105 | 129 | -18.6% | $142,500 | $110,000 | 29.5% |
| North Olmsted | 71 | 78 | -9% | $131,000 | $97,500 | 34.4% |
| Fairview Park | 38 | 36 | 5.6% | $126,500 | $106,666.50 | 18.6% |
| University Heights | 39 | 44 | -11.4% | $125,000 | $99,250 | 25.9% |
| Mayfield Heights | 33 | 39 | -15.4% | $124,000 | $116,500 | 6.4% |
| North Royalton | 58 | 49 | 18.4% | $123,000 | $96,250 | 27.8% |
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