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Sunday, November 24, 2024

2020: Home prices in Lyndhurst increased

Realestate1

The median sale price of a home sold in 2020 in Lyndhurst rose by $10,200 while total sales decreased by 15.3%, according to BlockShopper.com.

From January through December of 2020, there were 322 homes sold, with a median sale price of $152,450 - a 7.2% increase over the $142,250 median sale price for the previous year. There were 380 homes sold in Lyndhurst in 2019.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 2.7% of the median home sale price for 2020.

The following table compares Lyndhurst 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)
Brooklyn Heights1928-32.1%$173,000$155,00011.6%
University Heights280291-3.8%$171,000$153,91011.1%
North Olmsted476531-10.4%$168,800$158,6006.4%
Olmsted Falls168180-6.7%$161,000$149,0008.1%
Mayfield Heights275299-8%$156,000$136,00014.7%
Lyndhurst322380-15.3%$152,450$142,2507.2%
Berea262342-23.4%$148,050$139,9005.8%
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%

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