From April through June of 2021, there were 42 homes sold, with a median sale price of $177,875 - a 6.8% increase over the $166,500 median sale price for the same period of the previous year. There were 50 homes sold in Olmsted Falls in the second quarter of 2020.
The median sales tax in Olmsted Falls for the most recent year with available data, 2019, was $4,256, approximately 2.4% of the median home sale price for the second quarter of 2021.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodmere | 4 | 0 | - | $206,750 | $0 | - |
| Middleburg Heights | 64 | 52 | 23.1% | $202,000 | $159,925 | 26.3% |
| North Olmsted | 133 | 133 | 0% | $195,000 | $175,000 | 11.4% |
| Lyndhurst | 87 | 82 | 6.1% | $182,700 | $154,095 | 18.6% |
| Berea | 64 | 67 | -4.5% | $179,450 | $144,500 | 24.2% |
| Olmsted Falls | 42 | 50 | -16% | $177,875 | $166,500 | 6.8% |
| Richmond Heights | 33 | 32 | 3.1% | $173,600 | $136,250 | 27.4% |
| Mayfield Heights | 94 | 79 | 19% | $160,950 | $155,000 | 3.8% |
| Parma Heights | 71 | 62 | 14.5% | $160,000 | $139,950 | 14.3% |
| Brook Park | 73 | 85 | -14.1% | $155,000 | $139,000 | 11.5% |
| Parma | 335 | 336 | -0.3% | $152,000 | $131,362.50 | 15.7% |
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