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Sunday, November 24, 2024

How did home prices perform in Chagrin Falls 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 Chagrin Falls was unchanged while total sales decreased by 32.3%, according to BlockShopper.com.

From July through September of 2021, there were 21 homes sold, with a median sale price of $355,000. There were 31 homes sold in Chagrin Falls in the third quarter of 2020, and the median sales price for the period was also $355,000.

The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 2.5% of the median home sale price for the third quarter of 2021.

The following table compares Chagrin Falls 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)
Bentleyville6450%$987,500$730,00035.3%
Gates Mills15147.1%$596,250$529,95012.5%
Pepper Pike332817.9%$490,000$475,0003.2%
Orange201811.1%$432,500$326,00032.7%
Moreland Hills1020-50%$362,500$434,500-16.6%
Chagrin Falls2131-32.3%$355,000$355,0000%
Independence1625-36%$352,450$254,00038.8%
Highland Heights373312.1%$350,000$243,00044%
Mayfield15887.5%$342,000$247,50038.2%
Glenwillow23-33.3%$340,000$345,000-1.4%
Solon95117-18.8%$335,000$310,0008.1%

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