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Sunday, November 24, 2024

What happened to the median home price in Lyndhurst during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in Lyndhurst rose by $31,550 while total sales increased by 33.3%, according to BlockShopper.com.

From July through September of 2021, there were 112 homes sold, with a median sale price of $185,000 - a 20.6% increase over the $153,450 median sale price for the same period of the previous year. There were 84 homes sold in Lyndhurst in the third quarter of 2020.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 2.2% of the median home sale price for the third quarter of 2021.

The following table compares Lyndhurst to other Cuyahoga County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Oakwood7540%$205,100$210,000-2.3%
Middleburg Heights746415.6%$197,500$184,5007%
North Olmsted13712212.3%$195,000$185,0005.4%
University Heights84813.7%$190,000$175,0008.6%
Brooklyn Heights89-11.1%$186,250$171,9008.3%
Lyndhurst1128433.3%$185,000$153,45020.6%
Mayfield Heights987040%$180,600$161,50011.8%
Berea5771-19.7%$175,000$152,00015.1%
Olmsted Falls574332.6%$175,000$157,00011.5%
Richmond Heights3642-14.3%$167,500$157,5006.3%
Cleveland Heights228241-5.4%$165,000$134,00023.1%

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