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Sunday, November 17, 2024

2020: Westlake experienced a 11.1% increase in median home prices

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The median sale price of a home sold in 2020 in Westlake rose by $24,900 while total sales decreased by 14.7%, according to BlockShopper.com.

From January through December of 2020, there were 407 homes sold, with a median sale price of $249,900 - a 11.1% increase over the $225,000 median sale price for the previous year. There were 477 homes sold in Westlake in 2019.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 2.1% of the median home sale price for 2020.

The following table compares Westlake 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)
Rocky River305451-32.4%$275,000$235,00017%
Bay Village276354-22%$262,750$234,25012.2%
Bratenahl4957-14%$262,500$280,000-6.3%
Valley View1618-11.1%$262,450$193,00036%
Mayfield44440%$252,000$238,5005.7%
Westlake407477-14.7%$249,900$225,00011.1%
Highland Heights111131-15.3%$241,000$260,000-7.3%
Independence7690-15.6%$237,000$240,000-1.3%
Woodmere57-28.6%$235,000$180,00030.6%
Strongsville538675-20.3%$234,000$213,0009.9%
Broadview Heights289297-2.7%$226,000$215,0005.1%

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