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East Cleveland News

Monday, November 25, 2024

East Cleveland median home prices fell by 47.7% in December 2021

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The median sale price of a home sold in December 2021 in East Cleveland fell by $12,293 while total sales decreased by 73.7%, according to BlockShopper.com.

In December 2021, there were five homes sold, with a median sale price of $13,457 - a 47.7% decrease over the $25,750 median sale price for the same period of the previous year. There were 19 homes sold in East Cleveland in December 2020.

The median sales tax in East Cleveland for the most recent year with available data, 2019, was $786, approximately 5.8% of the median home sale price for December 2021.

The following table compares East Cleveland to other Cuyahoga County cities with similar median sale prices in December 2021:

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
Middleburg Heights924-62.5%$142,500$195,000-26.9%
South Euclid2037-45.9%$135,000$130,0003.8%
Garfield Heights2953-45.3%$110,500$80,35937.5%
Bedford Heights611-45.5%$108,125$115,000-6%
Richmond Heights811-27.3%$107,835$173,500-37.8%
Euclid4783-43.4%$98,500$80,00023.1%
Maple Heights2953-45.3%$97,500$67,00045.5%
Cleveland294518-43.2%$70,000$59,50017.6%
Newburgh Heights13-66.7%$57,000$85,000-32.9%
Warrensville Heights1320-35%$40,800$30,70032.9%
East Cleveland519-73.7%$13,457$25,750-47.7%

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