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Sunday, November 17, 2024

North Ridgeville median home prices fell by 5.8% in the fourth quarter of 2020

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The median sale price of a home sold in the fourth quarter of 2020 in North Ridgeville fell by $11,000 while total sales decreased by 76.2%, according to BlockShopper.com.

From October through December of 2020, there were 36 homes sold, with a median sale price of $179,000 - a 5.8% decrease over the $190,000 median sale price for the same period of the previous year. There were 151 homes sold in North Ridgeville in the fourth quarter of 2019.

The median sales tax in North Ridgeville for the most recent year with available data, 2018, was $3,094, approximately 1.7% of the median home sale price for the fourth quarter of 2020.

The following table compares North Ridgeville to other Lorain 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)
Sheffield414-71.4%$245,500$164,95048.8%
LaGrange410-60%$242,500$174,00039.4%
Grafton934-73.5%$206,000$140,75046.4%
Vermilion1432-56.3%$202,500$151,50033.7%
Pheasant Run114-92.9%$200,000$90,000122.2%
North Ridgeville36151-76.2%$179,000$190,000-5.8%
Amherst1285-85.9%$165,000$159,9003.2%
Wellington940-77.5%$160,000$148,7507.6%
Eaton Estates18-87.5%$148,000$82,25079.9%
South Amherst29-77.8%$129,250$124,0004.2%
Elyria58245-76.3%$97,450$90,0008.3%

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