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East Cleveland News

Monday, December 23, 2024

Rising home prices in Shaker Heights in March 2021

Re 9

The median sale price of a home sold in March 2021 in Shaker Heights rose by $46,500 while total sales increased by 73.3%, according to BlockShopper.com.

In March 2021, there were 52 homes sold, with a median sale price of $210,000 - a 28.4% increase over the $163,500 median sale price for the same period of the previous year. There were 30 homes sold in Shaker Heights in March 2020.

The median sales tax in Shaker Heights for the most recent year with available data, 2019, was $8,387, approximately 4% of the median home sale price for March 2021.

The following table compares Shaker 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)
Oakwood3250%$229,000$34,250568.6%
Walton Hills12-50%$225,000$207,5008.4%
Seven Hills1114-21.4%$221,500$189,45016.9%
Olmsted Township1213-7.7%$216,500$217,000-0.2%
Westlake423040%$212,250$242,000-12.3%
Shaker Heights523073.3%$210,000$163,50028.4%
Lakewood714751.1%$202,500$208,000-2.6%
Fairview Park2311109.1%$200,000$144,00038.9%
University Heights2728-3.6%$194,200$182,5006.4%
North Olmsted3845-15.6%$191,000$145,00031.7%
Olmsted Falls15150%$187,500$137,50036.4%

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