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Sunday, November 17, 2024

Rising home prices in North Olmsted in the fourth quarter of 2020

Realestate2

The median sale price of a home sold in the fourth quarter of 2020 in North Olmsted rose by $13,175 while total sales increased by 20.4%, according to BlockShopper.com.

From October through December of 2020, there were 130 homes sold, with a median sale price of $170,000 - a 8.4% increase over the $156,825 median sale price for the same period of the previous year. There were 108 homes sold in North Olmsted in the fourth quarter of 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 the fourth quarter of 2020.

The following table compares North Olmsted to other Cuyahoga County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Broadview Heights69647.8%$208,500$172,25021%
Fairview Park946838.2%$199,950$165,00021.2%
Cuyahoga Heights20-$192,750$0-
Middleburg Heights706114.8%$189,500$164,50015.2%
Olmsted Falls462958.6%$173,000$146,00018.5%
North Olmsted13010820.4%$170,000$156,8258.4%
University Heights46429.5%$162,000$133,75021.1%
Mayfield Heights825160.8%$157,250$141,56611.1%
Lyndhurst986844.1%$156,750$139,95012%
Richmond Heights3337-10.8%$155,000$144,0007.6%
Berea806229%$154,000$147,0004.8%

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