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Sunday, November 17, 2024

The second quarter of 2021: Home prices in Rocky River increased

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The median sale price of a home sold in the second quarter of 2021 in Rocky River rose by $54,500 while total sales increased by 14.5%, according to BlockShopper.com.

From April through June of 2021, there were 87 homes sold, with a median sale price of $317,000 - a 20.8% increase over the $262,500 median sale price for the same period of the previous year. There were 76 homes sold in Rocky River in the second quarter of 2020.

The median sales tax in Rocky River for the most recent year with available data, 2019, was $6,098, approximately 1.9% of the median home sale price for the second quarter of 2021.

The following table compares Rocky River 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)
Orange1012-16.7%$505,000$315,15060.2%
Chagrin Falls272222.7%$435,500$326,50033.4%
Highland Heights2526-3.8%$350,000$235,50048.6%
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%

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