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Sunday, November 17, 2024

What happened to the median home price in North Ridgeville during May 2021?

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in May 2021 in North Ridgeville fell by $4,500 while total sales decreased by 2.4%, according to BlockShopper.com.

In May 2021, there were 40 homes sold, with a median sale price of $222,500 - a 2% decrease over the $227,000 median sale price for the same period of the previous year. There were 41 homes sold in North Ridgeville in May 2020.

The median sales tax in North Ridgeville for the most recent year with available data, 2018, was $3,094, approximately 1.4% of the median home sale price for May 2021.

The following table compares North Ridgeville to other Lorain 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)
Avon30293.4%$387,500$320,00021.1%
Grafton131118.2%$335,000$200,00067.5%
Columbia Station1019-47.4%$282,250$200,00041.1%
LaGrange7540%$273,500$260,0005.2%
Avon Lake2830-6.7%$264,000$212,50024.2%
North Ridgeville4041-2.4%$222,500$227,000-2%
Oberlin711-36.4%$190,000$187,9001.1%
Brentwood Lake10-$173,000$0-
Vermilion8633.3%$170,000$127,70033.1%
Amherst1527-44.4%$170,000$175,000-2.9%
Wellington121020%$160,250$130,50022.8%

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