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Monday, November 25, 2024

Rising home prices in Euclid in 2021

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The median sale price of a home sold in 2021 in Euclid rose by $25,500 while total sales increased by 4.3%, according to BlockShopper.com.

From January through December of 2021, there were 822 homes sold, with a median sale price of $102,000 - a 33.3% increase over the $76,500 median sale price for the previous year. There were 788 homes sold in Euclid in 2020.

The median sales tax in Euclid for the most recent year with available data, 2019, was $2,535, approximately 2.5% of the median home sale price for 2021.

The following table compares Euclid to other Cuyahoga County cities with similar median sale prices in 2021:

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Brooklyn1411391.4%$145,000$125,00016%
Bedford Heights103949.6%$133,000$104,00027.9%
South Euclid5384909.8%$129,900$112,29415.7%
Bedford21617027.1%$105,500$90,00017.2%
North Randall56-16.7%$104,900$102,5002.3%
Euclid8227884.3%$102,000$76,50033.3%
Garfield Heights5865575.2%$93,188$72,00029.4%
Newburgh Heights452955.2%$83,500$62,00034.7%
Maple Heights54647514.9%$81,750$56,66744.3%
Cleveland5,9505,4189.8%$70,000$51,55035.8%
Highland Hills46-33.3%$56,250$100,000-43.8%

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