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Sunday, November 17, 2024

Brook Park home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Brook Park rose by $4,500 while total sales decreased by 17.3%, according to BlockShopper.com.

From July through September of 2019, there were 86 homes sold, with a median sale price of $129,500 - a 3.6% increase over the $125,000 median sale price for the same period of the previous year. There were 104 homes sold in Brook Park in the third quarter of 2018.

The median sales tax in Brook Park for the most recent year with available data, 2016, was $2,724, approximately 2.1% of the median home sale price for the third quarter of 2019.

The following table compares Brook Park to other Cuyahoga County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Lyndhurst103139-25.9%$149,900$135,00011%
Berea1089711.3%$136,000$137,000-0.7%
Mayfield Heights89107-16.8%$135,000$149,247-9.5%
Olmsted Falls614924.5%$135,000$165,000-18.2%
Richmond Heights3941-4.9%$134,000$130,0003.1%
Brook Park86104-17.3%$129,500$125,0003.6%
Parma Heights106113-6.2%$126,750$120,0005.6%
Parma405459-11.8%$123,001$114,4007.5%
Brooklyn474114.6%$118,500$107,00010.7%
Cleveland Heights214256-16.4%$113,250$100,00013.3%
South Euclid141163-13.5%$91,000$85,5006.4%

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