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Sunday, November 24, 2024

The third quarter of 2021: University Heights experienced a 8.6% increase in median home prices

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The median sale price of a home sold in the third quarter of 2021 in University Heights rose by $15,000 while total sales increased by 3.7%, according to BlockShopper.com.

From July through September of 2021, there were 84 homes sold, with a median sale price of $190,000 - a 8.6% increase over the $175,000 median sale price for the same period of the previous year. There were 81 homes sold in University Heights in the third quarter of 2020.

The median sales tax in University Heights for the most recent year with available data, 2019, was $6,243, approximately 3.3% of the median home sale price for the third quarter of 2021.

The following table compares University Heights 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)
Fairview Park86860%$229,250$183,75024.8%
North Royalton99102-2.9%$210,000$229,500-8.5%
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%

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