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Sunday, November 17, 2024

North Olmsted home prices fall in the third quarter of 2019

Realestate3

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The median sale price of a home sold in the third quarter of 2019 in North Olmsted fell by $3,000 while total sales decreased by 1.8%, according to BlockShopper.com.

From July through September of 2019, there were 160 homes sold, with a median sale price of $166,000 - a 1.8% decrease over the $169,000 median sale price for the same period of the previous year. There were 163 homes sold in North Olmsted in the third quarter of 2018.

The median sales tax in North Olmsted for the most recent year with available data, 2016, was $4,539, approximately 2.7% of the median home sale price for the third quarter of 2019.

The following table compares North Olmsted 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)
Lakewood280290-3.4%$185,000$164,50012.5%
Seven Hills796031.7%$183,750$191,250-3.9%
Mayfield15966.7%$183,000$255,000-28.2%
North Royalton130145-10.3%$179,500$193,500-7.2%
Woodmere20-$170,000$0-
North Olmsted160163-1.8%$166,000$169,000-1.8%
Brooklyn Heights9580%$160,000$142,00012.7%
Valley View5366.7%$159,900$167,000-4.3%
University Heights7793-17.2%$158,000$152,0003.9%
Middleburg Heights7172-1.4%$153,000$150,0002%
Lyndhurst103139-25.9%$149,900$135,00011%

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