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East Cleveland News

Monday, November 25, 2024

Chagrin Falls median home prices rose by 28.3% in 2021

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The median sale price of a home sold in 2021 in Chagrin Falls rose by $91,100 while total sales increased by 5.7%, according to BlockShopper.com.

From January through December of 2021, there were 93 homes sold, with a median sale price of $412,600 - a 28.3% increase over the $321,500 median sale price for the previous year. There were 88 homes sold in Chagrin Falls in 2020.

The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 2.1% of the median home sale price for 2021.

The following table compares Chagrin Falls 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)
Bentleyville181612.5%$747,500$627,50019.1%
Gates Mills584238.1%$525,000$452,50016%
Pepper Pike1148731%$517,000$470,00010%
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%

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