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Sunday, November 17, 2024

May 2021: Fairview Park experienced a 31.4% increase in median home prices

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The median sale price of a home sold in May 2021 in Fairview Park rose by $55,500 while total sales decreased by 39.1%, according to BlockShopper.com.

In May 2021, there were 14 homes sold, with a median sale price of $232,500 - a 31.4% increase over the $177,000 median sale price for the same period of the previous year. There were 23 homes sold in Fairview Park in May 2020.

The median sales tax in Fairview Park for the most recent year with available data, 2019, was $4,651, approximately 2% of the median home sale price for May 2021.

The following table compares Fairview Park 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)
Olmsted Township10100%$258,000$157,25064.1%
Olmsted Falls1012-16.7%$256,250$162,25057.9%
Bay Village1822-18.2%$254,750$242,4505.1%
North Royalton2334-32.4%$250,000$188,35632.7%
Lakewood585211.5%$239,750$203,50017.8%
Fairview Park1423-39.1%$232,500$177,00031.4%
Brecksville151050%$230,000$229,9500%
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%

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