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Sunday, November 24, 2024

2020: Shaker Heights experienced a 11.5% increase in median home prices

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The median sale price of a home sold in 2020 in Shaker Heights rose by $21,640 while total sales decreased by 9.7%, according to BlockShopper.com.

From January through December of 2020, there were 531 homes sold, with a median sale price of $210,000 - a 11.5% increase over the $188,360 median sale price for the previous year. There were 588 homes sold in Shaker Heights in 2019.

The median sales tax in Shaker Heights for the most recent year with available data, 2019, was $8,387, approximately 4% of the median home sale price for 2020.

The following table compares Shaker 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)
Strongsville538675-20.3%$234,000$213,0009.9%
Broadview Heights289297-2.7%$226,000$215,0005.1%
Walton Hills28273.7%$222,450$200,00011.2%
Olmsted Township132154-14.3%$217,250$209,9503.5%
Lakewood789996-20.8%$215,000$180,00019.4%
Shaker Heights531588-9.7%$210,000$188,36011.5%
Seven Hills214229-6.6%$208,100$185,00012.5%
North Royalton371433-14.3%$195,000$174,00012.1%
Fairview Park295298-1%$185,500$172,7507.4%
Cuyahoga Heights5366.7%$185,500$136,00036.4%
Middleburg Heights217268-19%$180,000$160,00012.5%

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