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East Cleveland News

Monday, November 25, 2024

How did home prices perform in Pepper Pike during 2021?

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The median sale price of a home sold in 2021 in Pepper Pike rose by $47,000 while total sales increased by 31%, according to BlockShopper.com.

From January through December of 2021, there were 114 homes sold, with a median sale price of $517,000 - a 10% increase over the $470,000 median sale price for the previous year. There were 87 homes sold in Pepper Pike in 2020.

The median sales tax in Pepper Pike for the most recent year with available data, 2019, was $10,875, approximately 2.1% of the median home sale price for 2021.

The following table compares Pepper Pike 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)
Hunting Valley7475%$1,500,000$1,737,500-13.7%
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%

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