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From July through December of 2018, there were 88 homes sold, with a median sale price of $157,050 - a 18.1% increase over the $133,000 median sale price for the same period of the previous year. There were 104 homes sold in Olmsted Falls in the second half of 2017.
The median sales tax in Olmsted Falls for the most recent year with available data, 2016, was $4,246, approximately 2.7% of the median home sale price for the second half of 2018.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 108 | 108 | 0% | $180,000 | $169,000 | 6.5% |
| Shaker Heights | 308 | 324 | -4.9% | $172,950 | $172,490 | 0.3% |
| Fairview Park | 175 | 170 | 2.9% | $165,000 | $152,700 | 8.1% |
| Lakewood | 533 | 531 | 0.4% | $162,000 | $150,000 | 8% |
| North Olmsted | 307 | 321 | -4.4% | $160,000 | $145,000 | 10.3% |
| Olmsted Falls | 88 | 104 | -15.4% | $157,050 | $133,000 | 18.1% |
| University Heights | 154 | 151 | 2% | $150,000 | $133,500 | 12.4% |
| Middleburg Heights | 130 | 186 | -30.1% | $148,750 | $153,450 | -3.1% |
| Brooklyn Heights | 15 | 6 | 150% | $142,000 | $129,000 | 10.1% |
| Mayfield Heights | 188 | 171 | 9.9% | $141,250 | $130,500 | 8.2% |
| Berea | 173 | 165 | 4.8% | $140,000 | $121,600 | 15.1% |
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