From April through June of 2019, there were 296 homes sold, with a median sale price of $180,000 - a 7.1% increase over the $168,000 median sale price for the same period of the previous year. There were 299 homes sold in Lakewood in the second quarter of 2018.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.5% of the median home sale price for the second quarter of 2019.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Olmsted Township | 55 | 42 | 31% | $208,000 | $199,950 | 4% |
| Shaker Heights | 202 | 220 | -8.2% | $207,500 | $181,625 | 14.2% |
| North Royalton | 137 | 129 | 6.2% | $197,500 | $190,000 | 3.9% |
| Valley View | 3 | 4 | -25% | $193,000 | $138,000 | 39.9% |
| Seven Hills | 69 | 62 | 11.3% | $185,400 | $183,300 | 1.1% |
| Lakewood | 296 | 299 | -1% | $180,000 | $168,000 | 7.1% |
| Woodmere | 2 | 2 | 0% | $175,750 | $208,150 | -15.6% |
| Olmsted Falls | 59 | 53 | 11.3% | $165,000 | $150,000 | 10% |
| Fairview Park | 94 | 99 | -5.1% | $165,000 | $180,000 | -8.3% |
| Middleburg Heights | 86 | 69 | 24.6% | $164,000 | $150,000 | 9.3% |
| University Heights | 128 | 108 | 18.5% | $160,750 | $142,750 | 12.6% |
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