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Monday, November 18, 2024

What happened to the median home price in Berea during October 2021?

Re 7

The median sale price of a home sold in October 2021 in Berea rose by $32,500 while total sales increased by 5%, according to BlockShopper.com.

In October 2021, there were 21 homes sold, with a median sale price of $185,000 - a 21.3% increase over the $152,500 median sale price for the same period of the previous year. There were 20 homes sold in Berea in October 2020.

The median sales tax in Berea for the most recent year with available data, 2019, was $3,596, approximately 1.9% of the median home sale price for October 2021.

The following table compares Berea 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)
Shaker Heights463821.1%$225,000$197,00014.2%
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%

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