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Sunday, November 17, 2024

Bay Village home prices fall 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 Bay Village fell by $8,500 while total sales increased by 2.2%, according to BlockShopper.com.

From July through September of 2019, there were 94 homes sold, with a median sale price of $236,500 - a 3.5% decrease over the $245,000 median sale price for the same period of the previous year. There were 92 homes sold in Bay Village in the third quarter of 2018.

The median sales tax in Bay Village for the most recent year with available data, 2016, was $6,699, approximately 2.8% of the median home sale price for the third quarter of 2019.

The following table compares Bay Village 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)
Beachwood5661-8.2%$310,000$270,00014.8%
Brecksville5966-10.6%$260,000$244,6156.3%
Highland Heights403225%$245,500$313,300-21.6%
Rocky River1361304.6%$244,000$236,5003.2%
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%

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