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Monday, December 23, 2024

What happened to the median home price in Lyndhurst during the first quarter of 2021?

Re 6

The median sale price of a home sold in the first quarter of 2021 in Lyndhurst rose by $10,650 while total sales increased by 43.1%, according to BlockShopper.com.

From January through March of 2021, there were 83 homes sold, with a median sale price of $150,000 - a 7.6% increase over the $139,350 median sale price for the same period of the previous year. There were 58 homes sold in Lyndhurst in the first quarter of 2020.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 2.7% of the median home sale price for the first quarter of 2021.

The following table compares Lyndhurst to other Cuyahoga County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Olmsted Falls372927.6%$161,900$130,00024.5%
Richmond Heights332250%$157,000$134,00017.2%
Berea734465.9%$155,900$137,00013.8%
Parma Heights624344.2%$155,000$117,50031.9%
Middleburg Heights543174.2%$154,750$180,000-14%
Lyndhurst835843.1%$150,000$139,3507.6%
Mayfield Heights774475%$149,900$153,875-2.6%
Cuyahoga Heights110%$145,000$228,000-36.4%
Parma34620866.3%$145,000$124,70016.3%
Brook Park59549.3%$140,000$128,271.509.1%
Brooklyn3414142.9%$131,000$100,00031%

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