In December 2020, there were 16 homes sold, with a median sale price of $160,750 - a 7% increase over the $150,250 median sale price for the same period of the previous year. There were six homes sold in Olmsted Falls in December 2019.
The median sales tax in Olmsted Falls for the most recent year with available data, 2019, was $4,256, approximately 2.6% of the median home sale price for December 2020.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sale prices in December 2020:
| City | Dec. 2020 Home Sales | Dec. 2019 Home Sales | % change (Total Home Sales) | Dec. 2020 Median Sales Price | Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fairview Park | 34 | 23 | 47.8% | $185,500 | $150,000 | 23.7% |
| North Olmsted | 40 | 23 | 73.9% | $173,500 | $130,000 | 33.5% |
| Richmond Heights | 11 | 10 | 10% | $173,500 | $140,500 | 23.5% |
| North Randall | 1 | 0 | - | $170,000 | $0 | - |
| University Heights | 17 | 9 | 88.9% | $167,650 | $132,500 | 26.5% |
| Olmsted Falls | 16 | 6 | 166.7% | $160,750 | $150,250 | 7% |
| Lyndhurst | 37 | 15 | 146.7% | $155,000 | $145,000 | 6.9% |
| Parma Heights | 18 | 27 | -33.3% | $155,000 | $114,900 | 34.9% |
| Mayfield Heights | 33 | 15 | 120% | $150,000 | $150,000 | 0% |
| Brook Park | 29 | 13 | 123.1% | $145,000 | $132,500 | 9.4% |
| Parma | 103 | 66 | 56.1% | $144,000 | $114,950 | 25.3% |
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