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Sunday, November 17, 2024

How did home prices perform in Bay Village during the second quarter of 2021?

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The median sale price of a home sold in the second quarter of 2021 in Bay Village rose by $42,600 while total sales decreased by 1.4%, according to BlockShopper.com.

From April through June of 2021, there were 70 homes sold, with a median sale price of $282,500 - a 17.8% increase over the $239,900 median sale price for the same period of the previous year. There were 71 homes sold in Bay Village in the second quarter of 2020.

The median sales tax in Bay Village for the most recent year with available data, 2019, was $7,100, approximately 2.5% of the median home sale price for the second quarter of 2021.

The following table compares Bay Village 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)
Solon89872.3%$315,000$320,000-1.6%
Bratenahl12120%$314,500$145,000116.9%
Westlake1181152.6%$292,500$260,00012.5%
Strongsville14712616.7%$286,000$220,00030%
Brooklyn Heights18-87.5%$286,000$201,50041.9%
Bay Village7071-1.4%$282,500$239,90017.8%
Brecksville533935.9%$280,000$258,5008.3%
Mayfield13128.3%$270,000$209,45028.9%
Independence1520-25%$250,000$183,00036.6%
Broadview Heights7082-14.6%$246,000$240,0002.5%
Shaker Heights165167-1.2%$245,000$220,00011.4%

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