From January through December of 2017, there were 1,049 homes sold, with a median sale price of $148,000 - a 10.5% increase over the $133,950 median sale price for the previous year. There were 694 homes sold in Lakewood in 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 2017.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 215 | 173 | 24.3% | $164,900 | $153,000 | 7.8% |
| North Royalton | 482 | 286 | 68.5% | $163,000 | $147,500 | 10.5% |
| Walton Hills | 30 | 26 | 15.4% | $160,000 | $176,000 | -9.1% |
| Fairview Park | 353 | 235 | 50.2% | $154,000 | $141,000 | 9.2% |
| Middleburg Heights | 339 | 208 | 63% | $148,500 | $134,000 | 10.8% |
| Lakewood | 1,049 | 694 | 51.2% | $148,000 | $133,950 | 10.5% |
| University Heights | 327 | 253 | 29.2% | $141,036 | $125,000 | 12.8% |
| North Olmsted | 619 | 423 | 46.3% | $140,000 | $125,800 | 11.3% |
| Brooklyn Heights | 16 | 12 | 33.3% | $135,000 | $122,000 | 10.7% |
| Cuyahoga Heights | 9 | 1 | 800% | $135,000 | $147,500 | -8.5% |
| Olmsted Falls | 196 | 168 | 16.7% | $134,500 | $128,000 | 5.1% |
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