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East Cleveland News

Monday, November 25, 2024

December 2021: Lyndhurst experienced a 26.3% increase in median home prices

Realestate4

The median sale price of a home sold in December 2021 in Lyndhurst rose by $40,750 while total sales decreased by 56.8%, according to BlockShopper.com.

In December 2021, there were 16 homes sold, with a median sale price of $195,750 - a 26.3% increase over the $155,000 median sale price for the same period of the previous year. There were 37 homes sold in Lyndhurst in December 2020.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 2.1% of the median home sale price for December 2021.

The following table compares Lyndhurst 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)
Lakewood4487-49.4%$233,750$240,000-2.6%
University Heights1117-35.3%$220,000$167,65031.2%
North Olmsted1741-58.5%$220,000$172,00027.9%
Fairview Park1134-67.6%$205,000$185,50010.5%
Westlake2128-25%$196,000$214,750-8.7%
Lyndhurst1637-56.8%$195,750$155,00026.3%
Mayfield Heights1433-57.6%$184,800$150,00023.2%
Olmsted Falls516-68.8%$180,000$160,75012%
Berea1128-60.7%$173,500$135,00028.5%
Cleveland Heights3268-52.9%$171,000$123,00039%
Brooklyn913-30.8%$170,000$114,33048.7%

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