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Sunday, November 17, 2024

2020: Home prices in Fairview Park increased

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The median sale price of a home sold in 2020 in Fairview Park rose by $12,750 while total sales decreased by 1%, according to BlockShopper.com.

From January through December of 2020, there were 295 homes sold, with a median sale price of $185,500 - a 7.4% increase over the $172,750 median sale price for the previous year. There were 298 homes sold in Fairview Park in 2019.

The median sales tax in Fairview Park for the most recent year with available data, 2019, was $4,651, approximately 2.5% of the median home sale price for 2020.

The following table compares Fairview Park 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)
Olmsted Township132154-14.3%$217,250$209,9503.5%
Lakewood789996-20.8%$215,000$180,00019.4%
Shaker Heights531588-9.7%$210,000$188,36011.5%
Seven Hills214229-6.6%$208,100$185,00012.5%
North Royalton371433-14.3%$195,000$174,00012.1%
Fairview Park295298-1%$185,500$172,7507.4%
Cuyahoga Heights5366.7%$185,500$136,00036.4%
Middleburg Heights217268-19%$180,000$160,00012.5%
Brooklyn Heights1928-32.1%$173,000$155,00011.6%
University Heights280291-3.8%$171,000$153,91011.1%
North Olmsted476531-10.4%$168,800$158,6006.4%

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