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East Cleveland News

Sunday, November 24, 2024

April 2021: Mayfield experienced a 30.3% drop in median home prices

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The median sale price of a home sold in April 2021 in Mayfield fell by $107,500 while total sales increased by 100%, according to BlockShopper.com.

In April 2021, there were six homes sold, with a median sale price of $247,500 - a 30.3% decrease over the $355,000 median sale price for the same period of the previous year. There were three homes sold in Mayfield in April 2020.

The median sales tax in Mayfield for the most recent year with available data, 2019, was $5,894, approximately 2.4% of the median home sale price for April 2021.

The following table compares Mayfield to other Cuyahoga County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Bay Village2326-11.5%$302,000$257,45017.3%
Beachwood231376.9%$293,000$267,0009.7%
Rocky River382458.3%$286,500$265,4008%
Westlake3038-21.1%$262,500$253,0003.8%
Strongsville513834.2%$251,000$218,50014.9%
Mayfield63100%$247,500$355,000-30.3%
Shaker Heights55533.8%$240,000$210,00014.3%
Lakewood84796.3%$239,000$189,99925.8%
Olmsted Township912-25%$235,000$241,000-2.5%
Fairview Park201625%$230,000$171,00034.5%
University Heights2833-15.2%$223,500$165,00035.5%

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