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Sunday, November 24, 2024

What happened to the median home price in Shaker Heights during August 2021?

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The median sale price of a home sold in August 2021 in Shaker Heights fell by $1,000 while total sales decreased by 46.6%, according to BlockShopper.com.

In August 2021, there were 31 homes sold, with a median sale price of $177,500 - a 0.6% decrease over the $178,500 median sale price for the same period of the previous year. There were 58 homes sold in Shaker Heights in August 2020.

The median sales tax in Shaker Heights for the most recent year with available data, 2019, was $8,387, approximately 4.7% of the median home sale price for August 2021.

The following table compares Shaker Heights to other Cuyahoga County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
North Olmsted3345-26.7%$200,000$194,0003.1%
Olmsted Township612-50%$191,250$254,250-24.8%
Mayfield Heights1728-39.3%$189,000$167,25013%
University Heights2239-43.6%$186,000$167,50011%
Cleveland Heights4193-55.9%$180,000$125,00044%
Shaker Heights3158-46.6%$177,500$178,500-0.6%
North Royalton2144-52.3%$176,220$246,500-28.5%
Berea1625-36%$171,450$154,00011.3%
Richmond Heights7616.7%$170,000$112,00051.8%
Bedford Heights69-33.3%$169,500$90,10088.1%
Lyndhurst1424-41.7%$169,000$154,7009.2%

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