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Saturday, November 23, 2024

Rising home prices in University Heights in February 2021

Re 9

The median sale price of a home sold in February 2021 in University Heights rose by $44,050 while total sales increased by 25%, according to BlockShopper.com.

In February 2021, there were 20 homes sold, with a median sale price of $188,300 - a 30.5% increase over the $144,250 median sale price for the same period of the previous year. There were 16 homes sold in University Heights in February 2020.

The median sales tax in University Heights for the most recent year with available data, 2019, was $6,243, approximately 3.3% of the median home sale price for February 2021.

The following table compares University Heights to other Cuyahoga County cities with similar median sale prices in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Bay Village1114-21.4%$237,000$186,68227%
Seven Hills1112-8.3%$231,000$175,00032%
Highland Heights13862.5%$228,500$250,000-8.6%
Strongsville363020%$222,612.50$204,2509%
Beachwood510-50%$200,000$304,000-34.2%
University Heights201625%$188,300$144,25030.5%
Lakewood584045%$177,500$194,950-9%
North Olmsted4317152.9%$170,000$145,00017.2%
North Royalton2127-22.2%$165,000$163,0001.2%
Oakwood24-50%$162,500$95,75069.7%
Fairview Park211816.7%$160,000$159,5000.3%

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