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Sunday, November 17, 2024

August 2021: Fairview Park experienced a 29.4% increase in median home prices

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The median sale price of a home sold in August 2021 in Fairview Park rose by $55,600 while total sales decreased by 34.6%, according to BlockShopper.com.

In August 2021, there were 17 homes sold, with a median sale price of $245,000 - a 29.4% increase over the $189,400 median sale price for the same period of the previous year. There were 26 homes sold in Fairview Park in August 2020.

The median sales tax in Fairview Park for the most recent year with available data, 2019, was $4,651, approximately 1.9% of the median home sale price for August 2021.

The following table compares Fairview Park to other Cuyahoga County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Moreland Hills35-40%$280,000$515,000-45.6%
Chagrin Falls38-62.5%$275,000$365,000-24.7%
Walton Hills14-75%$269,919$168,00060.7%
Beachwood1316-18.8%$260,000$309,375-16%
Strongsville3950-22%$260,000$240,5008.1%
Fairview Park1726-34.6%$245,000$189,40029.4%
Lakewood4678-41%$244,000$228,0007%
Rocky River2232-31.3%$241,500$283,500-14.8%
Seven Hills1424-41.7%$227,500$187,50021.3%
Middleburg Heights1324-45.8%$220,000$179,50022.6%
Bay Village341-92.7%$220,000$290,000-24.1%

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