In August 2018, there were 107 homes sold, with a median sale price of $168,000 - a 10.5% increase over the $152,000 median sale price for the same period of the previous year. There were 107 homes sold in Lakewood in August 2017, as well.
The median sales tax in Lakewood for the most recent year with available data, 2016, was $4,511, approximately 2.7% of the median home sale price for August 2018.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Royalton | 55 | 49 | 12.2% | $195,000 | $180,000 | 8.3% |
| Seven Hills | 23 | 27 | -14.8% | $192,500 | $169,000 | 13.9% |
| Westlake | 57 | 61 | -6.6% | $182,000 | $225,000 | -19.1% |
| Fairview Park | 36 | 32 | 12.5% | $181,750 | $153,750 | 18.2% |
| North Olmsted | 62 | 68 | -8.8% | $169,700 | $145,000 | 17% |
| Lakewood | 107 | 107 | 0% | $168,000 | $152,000 | 10.5% |
| Olmsted Falls | 19 | 20 | -5% | $165,000 | $143,500 | 15% |
| Middleburg Heights | 27 | 51 | -47.1% | $157,000 | $160,000 | -1.9% |
| Mayfield Heights | 41 | 30 | 36.7% | $152,000 | $118,750 | 28% |
| Richmond Heights | 9 | 19 | -52.6% | $146,000 | $109,000 | 33.9% |
| Brooklyn Heights | 1 | 2 | -50% | $145,500 | $99,500 | 46.2% |
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