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East Cleveland News

Monday, November 25, 2024

Rising home prices in Beachwood in 2021

Realestate3

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Adobe Stock

The median sale price of a home sold in 2021 in Beachwood rose by $25,000 while total sales increased by 14%, according to BlockShopper.com.

From January through December of 2021, there were 163 homes sold, with a median sale price of $320,000 - a 8.5% increase over the $295,000 median sale price for the previous year. There were 143 homes sold in Beachwood in 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 2021.

The following table compares Beachwood 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)
Moreland Hills5458-6.9%$455,500$377,50020.7%
Orange5152-1.9%$435,000$318,50036.6%
Chagrin Falls93885.7%$412,600$321,50028.3%
Solon305325-6.2%$325,000$300,0008.3%
Valley View17166.3%$320,000$262,45021.9%
Beachwood16314314%$320,000$295,0008.5%
Brecksville20917718.1%$315,000$280,00012.5%
Highland Heights1211128%$310,000$241,00028.6%
Bratenahl3849-22.4%$301,250$262,50014.8%
Rocky River3283057.5%$291,000$275,0005.8%
Bay Village219278-21.2%$285,000$262,7508.5%

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