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Monday, November 25, 2024

Pricing for the median home in Lyndhurst increased during 2021

Realestate1

The median sale price of a home sold in 2021 in Lyndhurst rose by $23,050 while total sales increased by 10.2%, according to BlockShopper.com.

From January through December of 2021, there were 355 homes sold, with a median sale price of $175,500 - a 15.1% increase over the $152,450 median sale price for the previous year. There were 322 homes sold in Lyndhurst in 2020.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 2.3% of the median home sale price for 2021.

The following table compares Lyndhurst 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)
North Royalton336371-9.4%$215,000$195,00010.3%
Brooklyn Heights1620-20%$201,200$172,45016.7%
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%

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