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Wednesday, December 25, 2024

What happened to the median home price in South Euclid during January 2021?

Re 12

The median sale price of a home sold in January 2021 in South Euclid rose by $51,950 while total sales decreased by 56.8%, according to BlockShopper.com.

In January 2021, there were 16 homes sold, with a median sale price of $130,950 - a 65.8% increase over the $79,000 median sale price for the same period of the previous year. There were 37 homes sold in South Euclid in January 2020.

The median sales tax in South Euclid for the most recent year with available data, 2019, was $3,252, approximately 2.5% of the median home sale price for January 2021.

The following table compares South Euclid to other Cuyahoga County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Mayfield Heights121020%$148,500$137,0008.4%
North Royalton1020-50%$140,000$96,51045.1%
Olmsted Falls46-33.3%$137,250$89,00054.2%
Lyndhurst914-35.7%$134,000$145,350-7.8%
Parma3655-34.5%$132,500$124,9006.1%
South Euclid1637-56.8%$130,950$79,00065.8%
Parma Heights816-50%$125,500$107,50016.7%
Brook Park48-50%$123,750$132,450-6.6%
Fairview Park412-66.7%$123,000$189,941-35.2%
North Olmsted1529-48.3%$120,000$146,000-17.8%
Bedford78-12.5%$115,000$71,75060.3%

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