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East Cleveland News

Sunday, November 24, 2024

Falling home prices in Beachwood in 2020

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The median sale price of a home sold in 2020 in Beachwood fell by $4,000 while total sales decreased by 11.3%, according to BlockShopper.com.

From January through December of 2020, there were 142 homes sold, with a median sale price of $296,000 - a 1.3% decrease over the $300,000 median sale price for the previous year. There were 160 homes sold in Beachwood in 2019.

The median sales tax in Beachwood for the most recent year with available data, 2019, was $6,984, approximately 2.4% of the median home sale price for 2020.

The following table compares Beachwood 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)
Moreland Hills5862-6.5%$377,500$410,593.50-8.1%
Glenwillow660%$332,500$329,799.500.8%
Chagrin Falls88104-15.4%$321,500$290,00010.9%
Orange5265-20%$318,500$357,000-10.8%
Solon325365-11%$300,000$292,0002.7%
Beachwood142160-11.3%$296,000$300,000-1.3%
Brecksville174219-20.5%$280,000$242,00015.7%
Rocky River305451-32.4%$275,000$235,00017%
Bay Village276354-22%$262,750$234,25012.2%
Bratenahl4957-14%$262,500$280,000-6.3%
Valley View1618-11.1%$262,450$193,00036%

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