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Monday, December 23, 2024

What happened to the median home price in Richmond Heights during March 2021?

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The median sale price of a home sold in March 2021 in Richmond Heights rose by $8,500 while total sales increased by 20%, according to BlockShopper.com.

In March 2021, there were 12 homes sold, with a median sale price of $142,500 - a 6.3% increase over the $134,000 median sale price for the same period of the previous year. There were 10 homes sold in Richmond Heights in March 2020.

The median sales tax in Richmond Heights for the most recent year with available data, 2019, was $4,409, approximately 3.1% of the median home sale price for March 2021.

The following table compares Richmond Heights 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)
Parma1228347%$150,000$125,00020%
Brook Park2627-3.7%$148,500$125,00018.8%
Middleburg Heights211190.9%$145,000$200,000-27.5%
Cuyahoga Heights110%$145,000$228,000-36.4%
Broadview Heights271758.8%$145,000$296,000-51%
Richmond Heights121020%$142,500$134,0006.3%
Cleveland Heights866141%$140,000$95,00047.4%
Brooklyn114175%$132,500$119,73510.7%
Brooklyn Heights10-$125,000$0-
Bedford Heights12933.3%$120,000$80,00050%
South Euclid532796.3%$115,000$90,00027.8%

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