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Monday, November 18, 2024

Rocky River home prices rise in the second quarter of 2020

Realestate3

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The median sale price of a home sold in the second quarter of 2020 in Rocky River rose by $33,550 while total sales decreased by 47.1%, according to BlockShopper.com.

From April through June of 2020, there were 74 homes sold, with a median sale price of $262,500 - a 14.7% increase over the $228,950 median sale price for the same period of the previous year. There were 140 homes sold in Rocky River in the second quarter of 2019.

The median sales tax in Rocky River for the most recent year with available data, 2019, was $6,098, approximately 2.3% of the median home sale price for the second quarter of 2020.

The following table compares Rocky River to other Cuyahoga County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Chagrin Falls2142-50%$325,000$277,40017.2%
Solon85125-32%$320,000$308,5003.7%
Orange1224-50%$315,150$348,000-9.4%
Beachwood3059-49.2%$309,250$300,0003.1%
Glenwillow14-75%$294,500$329,799.50-10.7%
Rocky River74140-47.1%$262,500$228,95014.7%
Westlake111178-37.6%$260,000$258,7500.5%
Brecksville3870-45.7%$259,200$250,0003.7%
Bay Village69113-38.9%$245,000$245,0000%
Broadview Heights7795-18.9%$245,000$211,00016.1%
Highland Heights2637-29.7%$235,500$235,0000.2%

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