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East Cleveland News

Monday, December 23, 2024

The first quarter of 2021: Home prices in Pepper Pike increased

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The median sale price of a home sold in the first quarter of 2021 in Pepper Pike rose by $63,500 while total sales increased by 100%, according to BlockShopper.com.

From January through March of 2021, there were 18 homes sold, with a median sale price of $477,500 - a 15.3% increase over the $414,000 median sale price for the same period of the previous year. There were nine homes sold in Pepper Pike in the first quarter of 2020.

The median sales tax in Pepper Pike for the most recent year with available data, 2019, was $10,875, approximately 2.3% of the median home sale price for the first quarter of 2021.

The following table compares Pepper Pike 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)
Hunting Valley21100%$1,196,000$2,600,000-54%
Bentleyville42100%$624,500$745,000-16.2%
Pepper Pike189100%$477,500$414,00015.3%
Gates Mills176183.3%$410,000$374,999.509.3%
Moreland Hills198137.5%$405,500$400,0001.4%
Chagrin Falls2610160%$395,300$308,50028.1%
Orange14955.6%$386,250$295,00030.9%
Solon674839.6%$335,000$280,00019.6%
Valley View13-66.7%$300,750$350,000-14.1%
Beachwood30287.1%$285,000$330,306.50-13.7%
Woodmere110%$280,400$50,000460.8%

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