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Sunday, November 17, 2024

Pricing for the median home in North Olmsted increased during May 2021

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The median sale price of a home sold in May 2021 in North Olmsted rose by $24,950 while total sales decreased by 31.9%, according to BlockShopper.com.

In May 2021, there were 32 homes sold, with a median sale price of $179,950 - a 16.1% increase over the $155,000 median sale price for the same period of the previous year. There were 47 homes sold in North Olmsted in May 2020.

The median sales tax in North Olmsted for the most recent year with available data, 2019, was $4,699, approximately 2.6% of the median home sale price for May 2021.

The following table compares North Olmsted to other Cuyahoga County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Seven Hills1026-61.5%$228,150$204,75011.4%
Shaker Heights3454-37%$225,000$220,0002.3%
Middleburg Heights191346.2%$213,000$165,00029.1%
University Heights26248.3%$212,500$166,50027.6%
Woodmere10-$183,500$0-
North Olmsted3247-31.9%$179,950$155,00016.1%
Lyndhurst2230-26.7%$179,100$154,95015.6%
Parma Heights302236.4%$173,250$136,75026.7%
Berea23224.5%$168,000$140,50019.6%
Mayfield Heights211816.7%$161,900$169,950-4.7%
Richmond Heights12850%$160,000$157,5001.6%

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