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Sunday, November 24, 2024

How did home prices perform in Cleveland Heights during 2020?

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The median sale price of a home sold in 2020 in Cleveland Heights rose by $22,000 while total sales decreased by 11.6%, according to BlockShopper.com.

From January through December of 2020, there were 814 homes sold, with a median sale price of $127,000 - a 21% increase over the $105,000 median sale price for the previous year. There were 921 homes sold in Cleveland Heights in 2019.

The median sales tax in Cleveland Heights for the most recent year with available data, 2019, was $4,500, approximately 3.5% of the median home sale price for 2020.

The following table compares Cleveland Heights to other Cuyahoga County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Richmond Heights129178-27.5%$145,900$139,5004.6%
Brook Park273291-6.2%$140,000$126,00011.1%
Parma Heights271311-12.9%$140,000$121,00015.7%
Oakwood2834-17.6%$137,300$86,66758.4%
Parma1,2361,433-13.7%$135,000$120,00012.5%
Cleveland Heights814921-11.6%$127,000$105,00021%
Brooklyn139155-10.3%$125,000$109,90013.7%
South Euclid489556-12.1%$112,138$90,00024.6%
Bedford Heights94124-24.2%$104,000$105,000-1%
North Randall67-14.3%$102,500$68,50049.6%
Highland Hills63100%$100,000$25,000300%

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