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Sunday, November 24, 2024

What happened to the median home price in Lyndhurst during December 2020?

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The median sale price of a home sold in December 2020 in Lyndhurst rose by $10,000 while total sales increased by 146.7%, according to BlockShopper.com.

In December 2020, there were 37 homes sold, with a median sale price of $155,000 - a 6.9% increase over the $145,000 median sale price for the same period of the previous year. There were 15 homes sold in Lyndhurst in December 2019.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 2.6% of the median home sale price for December 2020.

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

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
North Olmsted402373.9%$173,500$130,00033.5%
Richmond Heights111010%$173,500$140,50023.5%
North Randall10-$170,000$0-
University Heights17988.9%$167,650$132,50026.5%
Olmsted Falls166166.7%$160,750$150,2507%
Lyndhurst3715146.7%$155,000$145,0006.9%
Parma Heights1827-33.3%$155,000$114,90034.9%
Mayfield Heights3315120%$150,000$150,0000%
Brook Park2913123.1%$145,000$132,5009.4%
Parma1036656.1%$144,000$114,95025.3%
Gates Mills30-$139,831$0-

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