From January through June of 2017, there were 321 homes sold, with a median sale price of $145,000 - a 20.8% increase over the $120,000 median sale price for the same period of the previous year. There were 247 homes sold in Lakewood in the first half of 2016.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 3.1% of the median home sale price for the first half of 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in the first half of 2017:
| City | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 75 | 66 | 13.6% | $159,900 | $143,000 | 11.8% |
| Fairview Park | 110 | 70 | 57.1% | $151,500 | $125,200 | 21% |
| Bratenahl | 15 | 6 | 150% | $150,000 | $165,000 | -9.1% |
| Middleburg Heights | 99 | 80 | 23.8% | $149,500 | $130,500 | 14.6% |
| University Heights | 128 | 103 | 24.3% | $147,000 | $121,000 | 21.5% |
| Lakewood | 321 | 247 | 30% | $145,000 | $120,000 | 20.8% |
| Olmsted Falls | 70 | 57 | 22.8% | $139,000 | $122,500 | 13.5% |
| North Olmsted | 206 | 164 | 25.6% | $138,500 | $122,700 | 12.9% |
| North Royalton | 152 | 103 | 47.6% | $137,500 | $125,000 | 10% |
| Brooklyn Heights | 4 | 4 | 0% | $136,000 | $151,000 | -9.9% |
| Lyndhurst | 125 | 89 | 40.4% | $130,000 | $117,925 | 10.2% |
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