In May 2020, there were eight homes sold, with a median sale price of $157,500 - a 8.6% increase over the $145,000 median sale price for the same period of the previous year. There were 17 homes sold in Richmond Heights in May 2019.
The median sales tax in Richmond Heights for the most recent year with available data, 2016, was $3,994, approximately 2.5% of the median home sale price for May 2020.
The following table compares Richmond Heights to other Cuyahoga County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mayfield Heights | 17 | 39 | -56.4% | $170,000 | $140,000 | 21.4% |
| Fairview Park | 22 | 32 | -31.3% | $168,450 | $156,250 | 7.8% |
| University Heights | 24 | 45 | -46.7% | $166,500 | $140,000 | 18.9% |
| Middleburg Heights | 13 | 32 | -59.4% | $165,000 | $152,500 | 8.2% |
| Olmsted Falls | 11 | 26 | -57.7% | $165,000 | $170,239 | -3.1% |
| Richmond Heights | 8 | 17 | -52.9% | $157,500 | $145,000 | 8.6% |
| Olmsted Township | 10 | 18 | -44.4% | $157,250 | $213,700 | -26.4% |
| Brooklyn Heights | 3 | 1 | 200% | $155,000 | $148,000 | 4.7% |
| North Olmsted | 47 | 57 | -17.5% | $155,000 | $160,000 | -3.1% |
| Lyndhurst | 30 | 50 | -40% | $154,950 | $138,500 | 11.9% |
| Brook Park | 32 | 28 | 14.3% | $147,375 | $140,000 | 5.3% |
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