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East Cleveland News

Wednesday, November 27, 2024

August 2021: Cleveland Heights experienced a 44% increase in median home prices

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The median sale price of a home sold in August 2021 in Cleveland Heights rose by $55,000 while total sales decreased by 55.9%, according to BlockShopper.com.

In August 2021, there were 41 homes sold, with a median sale price of $180,000 - a 44% increase over the $125,000 median sale price for the same period of the previous year. There were 93 homes sold in Cleveland Heights in August 2020.

The median sales tax in Cleveland Heights for the most recent year with available data, 2019, was $4,500, approximately 2.5% of the median home sale price for August 2021.

The following table compares Cleveland 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)
Olmsted Falls12119.1%$215,544.50$140,00054%
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%

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