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Monday, November 18, 2024

Pricing for the median home in North Olmsted increased during October 2021

Realestate4

The median sale price of a home sold in October 2021 in North Olmsted rose by $23,550 while total sales decreased by 2.8%, according to BlockShopper.com.

In October 2021, there were 35 homes sold, with a median sale price of $175,600 - a 15.5% increase over the $152,050 median sale price for the same period of the previous year. There were 36 homes sold in North Olmsted in October 2020.

The median sales tax in North Olmsted for the most recent year with available data, 2019, was $4,699, approximately 2.7% of the median home sale price for October 2021.

The following table compares North Olmsted to other Cuyahoga County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Olmsted Falls181163.6%$206,500$174,00018.7%
University Heights3110210%$201,350$169,50018.8%
Richmond Heights126100%$189,250$165,00014.7%
Independence330%$185,000$285,000-35.1%
Berea21205%$185,000$152,50021.3%
North Olmsted3536-2.8%$175,600$152,05015.5%
Lyndhurst2628-7.1%$173,450$166,5004.2%
Brooklyn Heights10-$171,000$0-
Walton Hills10-$170,000$0-
Mayfield Heights2830-6.7%$166,000$149,00011.4%
Brook Park251566.7%$165,000$135,00022.2%

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