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Sunday, November 17, 2024

Westlake home prices fall in the third quarter of 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in the third quarter of 2019 in Westlake fell by $15,000 while total sales decreased by 20.9%, according to BlockShopper.com.

From July through September of 2019, there were 121 homes sold, with a median sale price of $215,000 - a 6.5% decrease over the $230,000 median sale price for the same period of the previous year. There were 153 homes sold in Westlake in the third quarter of 2018.

The median sales tax in Westlake for the most recent year with available data, 2016, was $5,148, approximately 2.4% of the median home sale price for the third quarter of 2019.

The following table compares Westlake 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)
Broadview Heights80103-22.3%$243,750$255,000-4.4%
Bay Village94922.2%$236,500$245,000-3.5%
Independence2431-22.6%$235,000$235,0000%
Strongsville211219-3.7%$224,000$207,5008%
Olmsted Township554619.6%$220,000$222,500-1.1%
Westlake121153-20.9%$215,000$230,000-6.5%
Walton Hills1019-47.4%$197,500$193,1002.3%
Shaker Heights17515413.6%$195,000$183,2506.4%
Fairview Park8096-16.7%$188,950$175,2507.8%
Lakewood280290-3.4%$185,000$164,50012.5%
Seven Hills796031.7%$183,750$191,250-3.9%

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