In August 2017, there were 20 homes sold, with a median sale price of $143,500 - a 2.4% decrease over the $147,000 median sale price for the same period of the previous year. There were 20 homes sold in Olmsted Falls in August 2016, as well.
The median sales tax in Olmsted Falls for the most recent year with available data, 2016, was $4,246, approximately 3% of the median home sale price for August 2017.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Middleburg Heights | 51 | 27 | 88.9% | $160,000 | $130,000 | 23.1% |
| University Heights | 32 | 27 | 18.5% | $155,000 | $125,000 | 24% |
| Fairview Park | 32 | 24 | 33.3% | $153,750 | $132,000 | 16.5% |
| Lakewood | 107 | 71 | 50.7% | $152,000 | $148,500 | 2.4% |
| North Olmsted | 68 | 49 | 38.8% | $145,000 | $125,000 | 16% |
| Olmsted Falls | 20 | 20 | 0% | $143,500 | $147,000 | -2.4% |
| Walton Hills | 7 | 4 | 75% | $132,100 | $172,000 | -23.2% |
| Brook Park | 32 | 24 | 33.3% | $124,750 | $108,000 | 15.5% |
| Berea | 37 | 24 | 54.2% | $121,600 | $115,500 | 5.3% |
| Mayfield Heights | 30 | 20 | 50% | $118,750 | $100,250 | 18.5% |
| Lyndhurst | 44 | 28 | 57.1% | $114,000 | $129,250 | -11.8% |
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