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Sunday, November 17, 2024

The second quarter of 2021: North Olmsted experienced a 11.4% increase in median home prices

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The median sale price of a home sold in the second quarter of 2021 in North Olmsted rose by $20,000 while total sales remained unchanged with 133 homes sold, according to BlockShopper.com.

From April through June of 2021, there were 133 homes sold, with a median sale price of $195,000 - a 11.4% increase over the $175,000 median sale price for the same period of the previous year. There were 133 homes sold in North Olmsted in the second quarter of 2020, as well.

The median sales tax in North Olmsted for the most recent year with available data, 2019, was $4,699, approximately 2.4% of the median home sale price for the second quarter of 2021.

The following table compares North Olmsted to other Cuyahoga County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
University Heights9798-1%$215,000$173,70023.8%
Seven Hills4665-29.2%$212,250$207,5002.3%
North Royalton91100-9%$210,000$183,87514.2%
Woodmere40-$206,750$0-
Middleburg Heights645223.1%$202,000$159,92526.3%
North Olmsted1331330%$195,000$175,00011.4%
Lyndhurst87826.1%$182,700$154,09518.6%
Berea6467-4.5%$179,450$144,50024.2%
Olmsted Falls4250-16%$177,875$166,5006.8%
Richmond Heights33323.1%$173,600$136,25027.4%
Mayfield Heights947919%$160,950$155,0003.8%

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