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Monday, November 18, 2024

Berea home prices rise in the first half of 2020

Realestate1

The median sale price of a home sold in the first half of 2020 in Berea rose by $4,466 while total sales decreased by 36%, according to BlockShopper.com.

From January through June of 2020, there were 110 homes sold, with a median sale price of $142,466 - a 3.2% increase over the $138,000 median sale price for the same period of the previous year. There were 172 homes sold in Berea in the first half of 2019.

The median sales tax in Berea for the most recent year with available data, 2019, was $3,596, approximately 2.5% of the median home sale price for the first half of 2020.

The following table compares Berea to other Cuyahoga County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Middleburg Heights82135-39.3%$165,000$165,500-0.3%
North Olmsted223263-15.2%$162,500$153,5005.9%
Olmsted Falls7890-13.3%$158,250$159,500-0.8%
Mayfield Heights123160-23.1%$155,000$138,00012.3%
Lyndhurst137209-34.4%$150,000$140,0007.1%
Berea110172-36%$142,466$138,0003.2%
Richmond Heights5497-44.3%$135,000$139,000-2.9%
Brook Park136154-11.7%$133,950$125,862.506.4%
Parma Heights104149-30.2%$132,950$120,00010.8%
Parma537766-29.9%$127,500$118,3757.7%
Cleveland Heights386540-28.5%$123,000$107,00015%

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