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East Cleveland News

Monday, November 25, 2024

Rising home prices in East Cleveland in the second half of 2021

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The median sale price of a home sold in the second half of 2021 in East Cleveland rose by $6,250 while total sales decreased by 21.3%, according to BlockShopper.com.

From July through December of 2021, there were 74 homes sold, with a median sale price of $26,250 - a 31.3% increase over the $20,000 median sale price for the same period of the previous year. There were 94 homes sold in East Cleveland in the second half of 2020.

The median sales tax in East Cleveland for the most recent year with available data, 2019, was $786, approximately 3% of the median home sale price for the second half of 2021.

The following table compares East Cleveland to other Cuyahoga County cities with similar median sale prices in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
South Euclid254268-5.2%$137,200$117,25017%
Bedford101974.1%$124,200$98,50026.1%
Euclid400453-11.7%$110,000$80,00037.5%
Garfield Heights286299-4.3%$99,000$80,50023%
Highland Hills13-66.7%$95,000$40,000137.5%
Newburgh Heights2510150%$90,000$74,00021.6%
Maple Heights233244-4.5%$86,000$62,50037.6%
Cleveland2,7142,980-8.9%$77,500$56,95036.1%
North Randall23-33.3%$73,750$121,000-39%
Warrensville Heights926443.8%$40,800$56,300-27.5%
East Cleveland7494-21.3%$26,250$20,00031.3%

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