In May 2021, there were 58 homes sold, with a median sale price of $239,750 - a 17.8% increase over the $203,500 median sale price for the same period of the previous year. There were 52 homes sold in Lakewood in May 2020.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.1% of the median home sale price for May 2021.
The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Independence | 4 | 6 | -33.3% | $270,000 | $294,000 | -8.2% |
| Olmsted Township | 10 | 10 | 0% | $258,000 | $157,250 | 64.1% |
| Olmsted Falls | 10 | 12 | -16.7% | $256,250 | $162,250 | 57.9% |
| Bay Village | 18 | 22 | -18.2% | $254,750 | $242,450 | 5.1% |
| North Royalton | 23 | 34 | -32.4% | $250,000 | $188,356 | 32.7% |
| Lakewood | 58 | 52 | 11.5% | $239,750 | $203,500 | 17.8% |
| Fairview Park | 14 | 23 | -39.1% | $232,500 | $177,000 | 31.4% |
| Brecksville | 15 | 10 | 50% | $230,000 | $229,950 | 0% |
| Seven Hills | 10 | 26 | -61.5% | $228,150 | $204,750 | 11.4% |
| Shaker Heights | 34 | 54 | -37% | $225,000 | $220,000 | 2.3% |
| Middleburg Heights | 19 | 13 | 46.2% | $213,000 | $165,000 | 29.1% |
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