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Sunday, November 17, 2024

Westlake median home prices rose by 5.3% in January 2021

Re 9

The median sale price of a home sold in January 2021 in Westlake rose by $13,000 while total sales decreased by 19%, according to BlockShopper.com.

In January 2021, there were 17 homes sold, with a median sale price of $258,000 - a 5.3% increase over the $245,000 median sale price for the same period of the previous year. There were 21 homes sold in Westlake in January 2020.

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 January 2021.

The following table compares Westlake to other Cuyahoga County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Moreland Hills23-33.3%$386,500$755,500-48.8%
Independence110%$369,000$605,000-39%
Bay Village121020%$325,000$283,50014.6%
Solon914-35.7%$280,000$263,0006.5%
Walton Hills31200%$270,000$177,90051.8%
Westlake1721-19%$258,000$245,0005.3%
Richmond Heights36-50%$255,000$127,62599.8%
Middleburg Heights58-37.5%$255,000$100,500153.7%
Beachwood47-42.9%$253,000$285,500-11.4%
Rocky River718-61.1%$250,000$264,000-5.3%
Brecksville59-44.4%$247,000$205,00020.5%

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