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Monday, November 25, 2024

Rising home prices in Beachwood 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 Beachwood rose by $28,200 while total sales decreased by 16.7%, according to BlockShopper.com.

From July through December of 2021, there were 70 homes sold, with a median sale price of $320,000 - a 9.7% increase over the $291,800 median sale price for the same period of the previous year. There were 84 homes sold in Beachwood in the second half of 2020.

The median sales tax in Beachwood for the most recent year with available data, 2019, was $6,984, approximately 2.2% of the median home sale price for the second half of 2021.

The following table compares Beachwood 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)
Glenwillow23-33.3%$340,000$345,000-1.4%
Solon143190-24.7%$336,900$300,00012.3%
Highland Heights5663-11.1%$336,500$243,00038.5%
Brecksville1021002%$330,000$280,00017.9%
Valley View910-10%$320,000$262,45021.9%
Beachwood7084-16.7%$320,000$291,8009.7%
Bratenahl1826-30.8%$308,750$367,500-16%
Rocky River171177-3.4%$307,500$277,25010.9%
Mayfield262313%$299,000$282,0006%
Westlake207215-3.7%$295,000$261,00013%
Bay Village96162-40.7%$289,750$277,5004.4%

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