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East Cleveland News

Monday, December 23, 2024

How did home prices perform in East Cleveland during March 2021?

Re 13

The median sale price of a home sold in March 2021 in East Cleveland fell by $18,000 while total sales increased by 128.6%, according to BlockShopper.com.

In March 2021, there were 16 homes sold, with a median sale price of $17,000 - a 51.4% decrease over the $35,000 median sale price for the same period of the previous year. There were seven homes sold in East Cleveland in March 2020.

The median sales tax in East Cleveland for the most recent year with available data, 2019, was $786, approximately 4.6% of the median home sale price for March 2021.

The following table compares East Cleveland to other Cuyahoga County cities with similar median sale prices in March 2021:

CityMar. 2021 Home SalesMar. 2020 Home Sales% change (Total Home Sales)Mar. 2021 Median Sales PriceMar. 2020 Median Sales Price% change (Median Sales Price)
Bedford Heights12933.3%$120,000$80,00050%
South Euclid532796.3%$115,000$90,00027.8%
Glenwillow10-$110,000$0-
Euclid704555.6%$93,000$75,00024%
Garfield Heights624344.2%$89,950$69,00030.4%
Bedford301687.5%$85,000$78,0009%
Maple Heights5526111.5%$74,900$37,000102.4%
Cleveland55334659.8%$64,000$49,75028.6%
Warrensville Heights188125%$56,000$33,25068.4%
Newburgh Heights220%$39,750$52,000-23.6%
East Cleveland167128.6%$17,000$35,000-51.4%

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