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West Cleveland News

Sunday, November 17, 2024

Rising home prices in Westlake in August 2021

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The median sale price of a home sold in August 2021 in Westlake rose by $92,500 while total sales decreased by 30.6%, according to BlockShopper.com.

In August 2021, there were 25 homes sold, with a median sale price of $375,000 - a 32.7% increase over the $282,500 median sale price for the same period of the previous year. There were 36 homes sold in Westlake in August 2020.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 1.4% of the median home sale price for August 2021.

The following table compares Westlake 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)
Bentleyville42100%$895,000$660,00035.6%
Orange48-50%$505,000$313,45061.1%
Gates Mills34-25%$475,000$377,50025.8%
Pepper Pike10742.9%$443,500$470,000-5.6%
Glenwillow110%$405,000$358,65012.9%
Westlake2536-30.6%$375,000$282,50032.7%
Independence7616.7%$369,000$245,50050.3%
Mayfield23-33.3%$368,000$230,00060%
Broadview Heights1630-46.7%$345,950$218,00058.7%
Valley View13-66.7%$345,000$129,500166.4%
Solon2339-41%$342,650$332,5003.1%

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