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Monday, November 18, 2024

Westlake home prices rise in the second quarter of 2020

Realestate4

The median sale price of a home sold in the second quarter of 2020 in Westlake rose by $1,250 while total sales decreased by 37.6%, according to BlockShopper.com.

From April through June of 2020, there were 111 homes sold, with a median sale price of $260,000 - a 0.5% increase over the $258,750 median sale price for the same period of the previous year. There were 178 homes sold in Westlake in the second quarter of 2019.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 2.1% of the median home sale price for the second quarter of 2020.

The following table compares Westlake 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)
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%
Walton Hills7616.7%$224,900$212,7005.7%

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