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Sunday, November 17, 2024

Westlake home prices rose in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Westlake rose by $32,500 while total sales increased by 2.6%, according to BlockShopper.com.

From April through June of 2021, there were 118 homes sold, with a median sale price of $292,500 - a 12.5% increase over the $260,000 median sale price for the same period of the previous year. There were 115 homes sold in Westlake in the second quarter of 2020.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 1.8% of the median home sale price for the second quarter of 2021.

The following table compares Westlake 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)
Valley View73133.3%$341,000$81,961316.1%
Beachwood6331103.2%$325,500$311,0004.7%
Rocky River877614.5%$317,000$262,50020.8%
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%

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