From July through September of 2021, there were 57 homes sold, with a median sale price of $175,000 - a 11.5% increase over the $157,000 median sale price for the same period of the previous year. There were 43 homes sold in Olmsted Falls in the third quarter of 2020.
The median sales tax in Olmsted Falls for the most recent year with available data, 2019, was $4,256, approximately 2.4% of the median home sale price for the third quarter of 2021.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| University Heights | 84 | 81 | 3.7% | $190,000 | $175,000 | 8.6% |
| Brooklyn Heights | 8 | 9 | -11.1% | $186,250 | $171,900 | 8.3% |
| Lyndhurst | 112 | 84 | 33.3% | $185,000 | $153,450 | 20.6% |
| Mayfield Heights | 98 | 70 | 40% | $180,600 | $161,500 | 11.8% |
| Berea | 57 | 71 | -19.7% | $175,000 | $152,000 | 15.1% |
| Olmsted Falls | 57 | 43 | 32.6% | $175,000 | $157,000 | 11.5% |
| Richmond Heights | 36 | 42 | -14.3% | $167,500 | $157,500 | 6.3% |
| Cleveland Heights | 228 | 241 | -5.4% | $165,000 | $134,000 | 23.1% |
| Parma Heights | 93 | 95 | -2.1% | $165,000 | $140,000 | 17.9% |
| Brook Park | 85 | 64 | 32.8% | $164,000 | $145,050 | 13.1% |
| Parma | 391 | 354 | 10.5% | $158,000 | $140,550 | 12.4% |
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