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West Cleveland News

Monday, November 18, 2024

Bay Village median home prices fell by 13.4% in October 2021

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The median sale price of a home sold in October 2021 in Bay Village fell by $40,000 while total sales decreased by 12.5%, according to BlockShopper.com.

In October 2021, there were 14 homes sold, with a median sale price of $257,500 - a 13.4% decrease over the $297,500 median sale price for the same period of the previous year. There were 16 homes sold in Bay Village in October 2020.

The median sales tax in Bay Village for the most recent year with available data, 2019, was $7,100, approximately 2.8% of the median home sale price for October 2021.

The following table compares Bay Village 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)
Rocky River271942.1%$300,000$330,000-9.1%
Broadview Heights1622-27.3%$285,400$197,00044.9%
Olmsted Township811-27.3%$285,000$240,00018.8%
Bratenahl220%$283,625$380,750-25.5%
Westlake35342.9%$270,500$309,750-12.7%
Bay Village1416-12.5%$257,500$297,500-13.4%
Seven Hills171241.7%$255,000$211,75020.4%
Lakewood5767-14.9%$245,000$215,10013.9%
Strongsville3345-26.7%$244,275$273,000-10.5%
Fairview Park2735-22.9%$240,500$199,00020.9%
North Royalton251931.6%$240,000$210,00014.3%

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