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East Cleveland News

Sunday, November 24, 2024

Chagrin Falls median home prices rose by 10.9% in 2020

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The median sale price of a home sold in 2020 in Chagrin Falls rose by $31,500 while total sales decreased by 15.4%, according to BlockShopper.com.

From January through December of 2020, there were 88 homes sold, with a median sale price of $321,500 - a 10.9% increase over the $290,000 median sale price for the previous year. There were 104 homes sold in Chagrin Falls in 2019.

The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 2.8% of the median home sale price for 2020.

The following table compares Chagrin Falls 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)
Bentleyville157114.3%$585,000$550,0006.4%
Pepper Pike87116-25%$470,000$448,7504.7%
Gates Mills423040%$452,500$411,25010%
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%

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