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Sunday, November 24, 2024

What happened to the median home price in Richmond Heights during November 2021?

Re 9

The median sale price of a home sold in November 2021 in Richmond Heights rose by $39,500 while total sales decreased by 12.5%, according to BlockShopper.com.

In November 2021, there were 14 homes sold, with a median sale price of $182,500 - a 27.6% increase over the $143,000 median sale price for the same period of the previous year. There were 16 homes sold in Richmond Heights in November 2020.

The median sales tax in Richmond Heights for the most recent year with available data, 2019, was $4,409, approximately 2.4% of the median home sale price for November 2021.

The following table compares Richmond Heights to other Cuyahoga County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
North Olmsted3554-35.2%$200,000$176,00013.6%
Middleburg Heights31303.3%$200,000$179,00011.7%
Oakwood52150%$195,000$173,75012.2%
University Heights20195.3%$190,000$155,00022.6%
Lyndhurst2433-27.3%$190,000$146,00030.1%
Richmond Heights1416-12.5%$182,500$143,00027.6%
Brooklyn Heights21100%$182,450$144,50026.3%
Olmsted Township820-60%$180,000$227,500-20.9%
Berea2335-34.3%$170,000$175,000-2.9%
Brook Park2026-23.1%$168,000$150,00012%
Parma Heights2336-36.1%$165,000$149,95010%

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