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Monday, November 18, 2024

North Olmsted home prices fall in October 2020

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The median sale price of a home sold in October 2020 in North Olmsted fell by $4,000 while total sales decreased by 42.9%, according to BlockShopper.com.

In October 2020, there were 32 homes sold, with a median sale price of $165,000 - a 2.4% decrease over the $169,000 median sale price for the same period of the previous year. There were 56 homes sold in North Olmsted in October 2019.

The median sales tax in North Olmsted for the most recent year with available data, 2019, was $4,699, approximately 2.8% of the median home sale price for October 2020.

The following table compares North Olmsted to other Cuyahoga County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Fairview Park33330%$192,500$165,00016.7%
Cuyahoga Heights10-$185,500$0-
University Heights1022-54.5%$169,500$131,00029.4%
Berea1738-55.3%$168,000$147,75013.7%
Lyndhurst2632-18.8%$166,500$139,95019%
North Olmsted3256-42.9%$165,000$169,000-2.4%
Richmond Heights517-70.6%$155,000$148,5004.4%
Mayfield Heights272412.5%$150,000$134,25011.7%
Parma Heights1424-41.7%$147,450$109,00035.3%
Olmsted Falls819-57.9%$146,000$123,00018.7%
Parma70133-47.4%$141,000$120,00017.5%

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