Pricing for the median home in Lakewood increased during January 2021

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The median sale price of a home sold in January 2021 in Lakewood rose by $59,678 while total sales decreased by 24.3%, according to

In January 2021, there were 28 homes sold, with a median sale price of $229,678 - a 35.1% increase over the $170,000 median sale price for the same period of the previous year. There were 37 homes sold in Lakewood in January 2020.

The median sales tax in Lakewood for the most recent year with available data, 2019, was $4,988, approximately 2.2% of the median home sale price for January 2021.

The following table compares Lakewood to other Cuyahoga County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Rocky River718-61.1%$250,000$264,000-5.3%
Highland Heights48-50%$230,000$235,000-2.1%
Seven Hills114175%$225,000$153,50046.6%
Broadview Heights912-25%$211,038$153,50037.5%
Shaker Heights1519-21.1%$195,000$180,0008.3%

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