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Monday, November 25, 2024

What happened to the median home price in University Heights during 2021?

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The median sale price of a home sold in 2021 in University Heights rose by $27,950 while total sales increased by 15%, according to BlockShopper.com.

From January through December of 2021, there were 322 homes sold, with a median sale price of $198,950 - a 16.3% increase over the $171,000 median sale price for the previous year. There were 280 homes sold in University Heights in 2020.

The median sales tax in University Heights for the most recent year with available data, 2019, was $6,243, approximately 3.1% of the median home sale price for 2021.

The following table compares University 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)
Olmsted Township116133-12.8%$229,950$217,5005.7%
Shaker Heights5465312.8%$225,000$210,0007.1%
Fairview Park284295-3.7%$221,250$185,50019.3%
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%

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