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East Cleveland News

Monday, November 25, 2024

Home prices increased in University Heights during December 2021

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The median sale price of a home sold in December 2021 in University Heights rose by $52,350 while total sales decreased by 35.3%, according to BlockShopper.com.

In December 2021, there were 11 homes sold, with a median sale price of $220,000 - a 31.2% increase over the $167,650 median sale price for the same period of the previous year. There were 17 homes sold in University Heights in December 2020.

The median sales tax in University Heights for the most recent year with available data, 2019, was $6,243, approximately 2.8% of the median home sale price for December 2021.

The following table compares University Heights 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)
Seven Hills316-81.3%$248,000$229,5008.1%
Independence45-20%$245,000$275,000-10.9%
Beachwood418-77.8%$241,750$294,800-18%
Olmsted Township1013-23.1%$237,000$197,00020.3%
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%

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