From January through March of 2018, there were 232 homes sold, with a median sale price of $153,000 - a 7.4% increase over the $142,500 median sale price for the same period of the previous year. There were 105 homes sold in Lakewood in the first quarter of 2017.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.9% of the median home sale price for the first quarter of 2018.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brooklyn Heights | 3 | 0 | - | $175,000 | $0 | - |
| Broadview Heights | 58 | 34 | 70.6% | $169,250 | $217,500 | -22.2% |
| Olmsted Township | 29 | 27 | 7.4% | $165,150 | $145,000 | 13.9% |
| Fairview Park | 58 | 38 | 52.6% | $165,000 | $126,500 | 30.4% |
| Seven Hills | 38 | 40 | -5% | $163,500 | $148,175 | 10.3% |
| Lakewood | 232 | 105 | 121% | $153,000 | $142,500 | 7.4% |
| Shaker Heights | 127 | 78 | 62.8% | $150,000 | $110,312.50 | 36% |
| Walton Hills | 6 | 5 | 20% | $147,950 | $301,000 | -50.8% |
| North Royalton | 84 | 58 | 44.8% | $145,500 | $123,000 | 18.3% |
| Middleburg Heights | 48 | 30 | 60% | $144,000 | $152,000 | -5.3% |
| Cuyahoga Heights | 2 | 2 | 0% | $134,127.50 | $117,500 | 14.2% |
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