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East Cleveland News

Monday, November 25, 2024

The second half of 2021: University Heights experienced a 11.7% increase in median home prices

Realestate4

The median sale price of a home sold in the second half of 2021 in University Heights rose by $20,500 while total sales increased by 16.5%, according to BlockShopper.com.

From July through December of 2021, there were 148 homes sold, with a median sale price of $195,500 - a 11.7% increase over the $175,000 median sale price for the same period of the previous year. There were 127 homes sold in University Heights in the second half of 2020.

The median sales tax in University Heights for the most recent year with available data, 2019, was $6,243, approximately 3.2% of the median home sale price for the second half of 2021.

The following table compares University Heights 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)
Shaker Heights240286-16.1%$230,600$210,0009.8%
Fairview Park152180-15.6%$229,250$189,00021.3%
North Royalton165191-13.6%$225,000$227,000-0.9%
Woodmere24-50%$217,750$245,000-11.1%
Middleburg Heights132136-2.9%$200,000$187,0007%
University Heights14812716.5%$195,500$175,00011.7%
Oakwood188125%$195,000$175,80010.9%
North Olmsted228253-9.9%$194,500$174,90011.2%
Brooklyn Heights12119.1%$185,450$169,9009.2%
Lyndhurst181182-0.5%$181,000$155,00016.8%
Olmsted Falls89890%$179,250$166,0008%

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