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West Cleveland News

Sunday, November 24, 2024

Home prices increased in Westlake during February 2022

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The median sale price of a home sold in February 2022 in Westlake rose by $73,250 while total sales decreased by 23.8%, according to BlockShopper.com.

In February 2022, there were 16 homes sold, with a median sale price of $231,250 - a 46.4% increase over the $158,000 median sale price for the same period of the previous year. There were 21 homes sold in Westlake in February 2021.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 2.3% of the median home sale price for February 2022.

The following table compares Westlake to other Cuyahoga County cities with similar median sale prices in February 2022:

CityFeb. 2022 Home SalesFeb. 2021 Home Sales% change (Total Home Sales)Feb. 2022 Median Sales PriceFeb. 2021 Median Sales Price% change (Median Sales Price)
Olmsted Township47-42.9%$277,000$239,90015.5%
Strongsville2238-42.1%$258,200$234,9509.9%
Rocky River1924-20.8%$254,650$285,500-10.8%
Fairview Park1121-47.6%$238,000$160,00048.8%
Lakewood3358-43.1%$232,000$177,50030.7%
Westlake1621-23.8%$231,250$158,00046.4%
North Royalton1423-39.1%$226,111$169,50033.4%
Shaker Heights1733-48.5%$221,000$155,00042.6%
Broadview Heights1419-26.3%$220,200$273,000-19.3%
Bratenahl21100%$218,050$310,000-29.7%
Seven Hills512-58.3%$216,000$238,000-9.2%

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