From October through December of 2020, there were 39 homes sold, with a median sale price of $300,000 - a 10.4% increase over the $271,750 median sale price for the same period of the previous year. There were 18 homes sold in Beachwood in the fourth quarter of 2019.
The median sales tax in Beachwood for the most recent year with available data, 2019, was $6,984, approximately 2.3% of the median home sale price for the fourth quarter of 2020.
The following table compares Beachwood to other Cuyahoga County cities with similar median sale prices in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moreland Hills | 9 | 10 | -10% | $398,000 | $326,654.50 | 21.8% |
| Gates Mills | 7 | 9 | -22.2% | $360,000 | $349,000 | 3.2% |
| Orange | 13 | 18 | -27.8% | $340,000 | $412,500 | -17.6% |
| Chagrin Falls | 25 | 21 | 19% | $315,000 | $275,000 | 14.5% |
| Brecksville | 51 | 42 | 21.4% | $313,500 | $220,000 | 42.5% |
| Beachwood | 39 | 18 | 116.7% | $300,000 | $271,750 | 10.4% |
| Solon | 73 | 52 | 40.4% | $292,500 | $251,500 | 16.3% |
| Mayfield | 15 | 5 | 200% | $282,000 | $250,000 | 12.8% |
| Rocky River | 87 | 85 | 2.4% | $275,000 | $260,000 | 5.8% |
| Westlake | 104 | 88 | 18.2% | $263,500 | $219,450 | 20.1% |
| Highland Heights | 29 | 29 | 0% | $261,000 | $338,000 | -22.8% |
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