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West Cleveland News

Sunday, November 17, 2024

Rising home prices in Berea in 2020

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The median sale price of a home sold in 2020 in Berea rose by $8,150 while total sales decreased by 23.4%, according to BlockShopper.com.

From January through December of 2020, there were 262 homes sold, with a median sale price of $148,050 - a 5.8% increase over the $139,900 median sale price for the previous year. There were 342 homes sold in Berea in 2019.

The median sales tax in Berea for the most recent year with available data, 2019, was $3,596, approximately 2.4% of the median home sale price for 2020.

The following table compares Berea to other Cuyahoga County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
University Heights280291-3.8%$171,000$153,91011.1%
North Olmsted476531-10.4%$168,800$158,6006.4%
Olmsted Falls168180-6.7%$161,000$149,0008.1%
Mayfield Heights275299-8%$156,000$136,00014.7%
Lyndhurst322380-15.3%$152,450$142,2507.2%
Berea262342-23.4%$148,050$139,9005.8%
Richmond Heights129178-27.5%$145,900$139,5004.6%
Brook Park273291-6.2%$140,000$126,00011.1%
Parma Heights271311-12.9%$140,000$121,00015.7%
Oakwood2834-17.6%$137,300$86,66758.4%
Parma1,2361,433-13.7%$135,000$120,00012.5%

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