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East Cleveland News

Monday, November 25, 2024

Median home prices in Beachwood fell to $241,750 in December 2021

Re 9

The median sale price of a home sold in December 2021 in Beachwood fell by $53,050 while total sales decreased by 77.8%, according to BlockShopper.com.

In December 2021, there were four homes sold, with a median sale price of $241,750 - a 18% decrease over the $294,800 median sale price for the same period of the previous year. There were 18 homes sold in Beachwood in December 2020.

The median sales tax in Beachwood for the most recent year with available data, 2019, was $6,984, approximately 2.9% of the median home sale price for December 2021.

The following table compares Beachwood 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)
Shaker Heights1744-61.4%$255,000$235,0008.5%
North Royalton1229-58.6%$252,400$260,000-2.9%
Brooklyn Heights110%$250,000$153,00063.4%
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%

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