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Sunday, November 17, 2024

Westlake home prices rose in July 2021

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The median sale price of a home sold in July 2021 in Westlake rose by $119,500 while total sales decreased by 34.1%, according to BlockShopper.com.

In July 2021, there were 29 homes sold, with a median sale price of $354,000 - a 51% increase over the $234,500 median sale price for the same period of the previous year. There were 44 homes sold in Westlake in July 2020.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 1.5% of the median home sale price for July 2021.

The following table compares Westlake to other Cuyahoga County cities with similar median sale prices in July 2021:

CityJuly 2021 Home SalesJuly 2020 Home Sales% change (Total Home Sales)July 2021 Median Sales PriceJuly 2020 Median Sales Price% change (Median Sales Price)
Beachwood13128.3%$386,500$308,50025.3%
Highland Heights11110%$370,000$180,000105.6%
Rocky River3132-3.1%$367,500$250,00047%
Brecksville1721-19%$365,000$251,00045.4%
Mayfield440%$363,500$272,50033.4%
Westlake2944-34.1%$354,000$234,50051%
Solon2847-40.4%$338,700$300,00012.9%
Independence311-72.7%$335,900$255,00031.7%
Bratenahl57-28.6%$325,000$230,00041.3%
Bay Village1928-32.1%$300,000$282,5006.2%
Olmsted Township810-20%$295,500$199,50048.1%

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