From October through December of 2020, there were 43 homes sold, with a median sale price of $225,000 - a 24.7% increase over the $180,500 median sale price for the same period of the previous year. There were 20 homes sold in Olmsted Township in the fourth quarter of 2019.
The median sales tax in Olmsted Township for the most recent year with available data, 2019, was $4,974, approximately 2.2% of the median home sale price for the fourth quarter of 2020.
The following table compares Olmsted Township to other Cuyahoga County cities with similar median sale prices in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodmere | 4 | 1 | 300% | $245,000 | $265,000 | -7.5% |
| Walton Hills | 8 | 8 | 0% | $245,000 | $202,500 | 21% |
| Valley View | 4 | 5 | -20% | $241,650 | $225,000 | 7.4% |
| Independence | 19 | 21 | -9.5% | $238,000 | $197,700 | 20.4% |
| Lakewood | 224 | 179 | 25.1% | $228,500 | $185,000 | 23.5% |
| Olmsted Township | 43 | 20 | 115% | $225,000 | $180,500 | 24.7% |
| North Royalton | 89 | 81 | 9.9% | $222,500 | $173,000 | 28.6% |
| Seven Hills | 52 | 36 | 44.4% | $221,500 | $201,450 | 10% |
| Shaker Heights | 119 | 107 | 11.2% | $213,500 | $166,425 | 28.3% |
| Broadview Heights | 69 | 64 | 7.8% | $208,500 | $172,250 | 21% |
| Fairview Park | 94 | 68 | 38.2% | $199,950 | $165,000 | 21.2% |
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