Lakewood home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Lakewood rose by $15,000 while total sales decreased by 28.7%, according to

From April through June of 2020, there were 211 homes sold, with a median sale price of $195,000 - a 8.3% increase over the $180,000 median sale price for the same period of the previous year. There were 296 homes sold in Lakewood in the second quarter of 2019.

The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.6% of the median home sale price for the second quarter of 2020.

The following table compares Lakewood to other Cuyahoga County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Shaker Heights160202-20.8%$220,000$207,5006%
Olmsted Township3255-41.8%$208,945.50$208,0000.5%
Seven Hills6369-8.7%$208,000$185,40012.2%
Brooklyn Heights8714.3%$201,500$148,00036.1%
Fairview Park7394-22.3%$184,900$165,00012.1%
North Royalton99137-27.7%$183,750$197,500-7%
North Olmsted132151-12.6%$176,200$156,00012.9%
University Heights95128-25.8%$174,900$160,7508.8%

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