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East Cleveland News

Monday, November 25, 2024

2021: Home prices in Richmond Heights increased

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The median sale price of a home sold in 2021 in Richmond Heights rose by $26,100 while total sales increased by 7.8%, according to BlockShopper.com.

From January through December of 2021, there were 139 homes sold, with a median sale price of $172,000 - a 17.9% increase over the $145,900 median sale price for the previous year. There were 129 homes sold in Richmond Heights in 2020.

The median sales tax in Richmond Heights for the most recent year with available data, 2019, was $4,409, approximately 2.6% of the median home sale price for 2021.

The following table compares Richmond Heights 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)
University Heights32228015%$198,950$171,00016.3%
Middleburg Heights25021914.2%$191,000$180,0006.1%
North Olmsted4804770.6%$190,000$168,60012.7%
Lyndhurst35532210.2%$175,500$152,45015.1%
Olmsted Falls1721682.4%$175,000$161,0008.7%
Richmond Heights1391297.8%$172,000$145,90017.9%
Berea256265-3.4%$172,000$148,10016.1%
Mayfield Heights34327524.7%$165,000$156,0005.8%
Oakwood362828.6%$162,000$137,30018%
Parma Heights2942728.1%$159,500$140,00013.9%
Brook Park2862734.8%$155,000$140,00010.7%

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