In February 2018, there were 67 homes sold, with a median sale price of $170,000 - a 32.6% increase over the $128,200 median sale price for the same period of the previous year. There were 35 homes sold in Lakewood in February 2017.
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 February 2018.
The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in February 2018:
| City | Feb. 2018 Home Sales | Feb. 2017 Home Sales | % change (Total Home Sales) | Feb. 2018 Median Sales Price | Feb. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rocky River | 19 | 12 | 58.3% | $197,500 | $171,250 | 15.3% |
| Brooklyn Heights | 2 | 0 | - | $191,000 | $0 | - |
| North Royalton | 19 | 11 | 72.7% | $183,760 | $140,000 | 31.3% |
| Independence | 2 | 5 | -60% | $176,500 | $219,000 | -19.4% |
| Strongsville | 25 | 15 | 66.7% | $176,000 | $171,500 | 2.6% |
| Lakewood | 67 | 35 | 91.4% | $170,000 | $128,200 | 32.6% |
| Broadview Heights | 9 | 10 | -10% | $168,500 | $108,100 | 55.9% |
| Cuyahoga Heights | 1 | 0 | - | $153,255 | $0 | - |
| Middleburg Heights | 12 | 7 | 71.4% | $149,000 | $115,000 | 29.6% |
| Walton Hills | 2 | 2 | 0% | $147,950 | $175,250 | -15.6% |
| Seven Hills | 15 | 9 | 66.7% | $145,000 | $145,000 | 0% |
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