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Sunday, November 24, 2024

Home prices increased in Shaker Heights during the third quarter of 2021

Realestate5

The median sale price of a home sold in the third quarter of 2021 in Shaker Heights rose by $30,000 while total sales decreased by 20.4%, according to BlockShopper.com.

From July through September of 2021, there were 133 homes sold, with a median sale price of $240,000 - a 14.3% increase over the $210,000 median sale price for the same period of the previous year. There were 167 homes sold in Shaker Heights in the third quarter of 2020.

The median sales tax in Shaker Heights for the most recent year with available data, 2019, was $8,387, approximately 3.5% of the median home sale price for the third quarter of 2021.

The following table compares Shaker 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)
Strongsville1721682.4%$278,000$240,75015.5%
Walton Hills89-11.1%$257,459.50$184,90039.2%
Olmsted Township3036-16.7%$245,200$246,250-0.4%
Lakewood24822211.7%$241,500$225,0007.3%
Seven Hills6067-10.4%$240,000$214,50011.9%
Shaker Heights133167-20.4%$240,000$210,00014.3%
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%

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