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West Cleveland News

Sunday, November 17, 2024

Home prices increased in Bay Village during 2020

Realestate3

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Adobe Stock

The median sale price of a home sold in 2020 in Bay Village rose by $28,500 while total sales decreased by 22%, according to BlockShopper.com.

From January through December of 2020, there were 276 homes sold, with a median sale price of $262,750 - a 12.2% increase over the $234,250 median sale price for the previous year. There were 354 homes sold in Bay Village in 2019.

The median sales tax in Bay Village for the most recent year with available data, 2019, was $7,100, approximately 2.7% of the median home sale price for 2020.

The following table compares Bay Village 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)
Orange5265-20%$318,500$357,000-10.8%
Solon325365-11%$300,000$292,0002.7%
Beachwood142160-11.3%$296,000$300,000-1.3%
Brecksville174219-20.5%$280,000$242,00015.7%
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%

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