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Sunday, November 17, 2024

Fairview Park home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Fairview Park rose by $19,900 while total sales decreased by 22.3%, according to BlockShopper.com.

From April through June of 2020, there were 73 homes sold, with a median sale price of $184,900 - a 12.1% increase over the $165,000 median sale price for the same period of the previous year. There were 94 homes sold in Fairview Park in the second quarter of 2019.

The median sales tax in Fairview Park for the most recent year with available data, 2019, was $4,651, approximately 2.5% of the median home sale price for the second quarter of 2020.

The following table compares Fairview Park 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)
Mayfield1217-29.4%$209,450$225,000-6.9%
Olmsted Township3255-41.8%$208,945.50$208,0000.5%
Seven Hills6369-8.7%$208,000$185,40012.2%
Brooklyn Heights8714.3%$201,500$148,00036.1%
Lakewood211296-28.7%$195,000$180,0008.3%
Fairview Park7394-22.3%$184,900$165,00012.1%
North Royalton99137-27.7%$183,750$197,500-7%
Independence2029-31%$183,000$240,000-23.8%
North Olmsted132151-12.6%$176,200$156,00012.9%
University Heights95128-25.8%$174,900$160,7508.8%
Olmsted Falls4959-16.9%$165,000$165,0000%

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