In May 2020, there were 11 homes sold, with a median sale price of $165,000 - a 3.1% decrease over the $170,239 median sale price for the same period of the previous year. There were 26 homes sold in Olmsted Falls in May 2019.
The median sales tax in Olmsted Falls for the most recent year with available data, 2016, was $4,246, approximately 2.6% of the median home sale price for May 2020.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oakwood | 3 | 1 | 200% | $175,000 | $139,900 | 25.1% |
| Mayfield Heights | 17 | 39 | -56.4% | $170,000 | $140,000 | 21.4% |
| Fairview Park | 22 | 32 | -31.3% | $168,450 | $156,250 | 7.8% |
| University Heights | 24 | 45 | -46.7% | $166,500 | $140,000 | 18.9% |
| Middleburg Heights | 13 | 32 | -59.4% | $165,000 | $152,500 | 8.2% |
| Olmsted Falls | 11 | 26 | -57.7% | $165,000 | $170,239 | -3.1% |
| Richmond Heights | 8 | 17 | -52.9% | $157,500 | $145,000 | 8.6% |
| Olmsted Township | 10 | 18 | -44.4% | $157,250 | $213,700 | -26.4% |
| Brooklyn Heights | 3 | 1 | 200% | $155,000 | $148,000 | 4.7% |
| North Olmsted | 47 | 57 | -17.5% | $155,000 | $160,000 | -3.1% |
| Lyndhurst | 30 | 50 | -40% | $154,950 | $138,500 | 11.9% |
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