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West Cleveland News

Sunday, November 24, 2024

Rocky River median home prices fell by 10.8% in February 2022

Realestate4

The median sale price of a home sold in February 2022 in Rocky River fell by $30,850 while total sales decreased by 20.8%, according to BlockShopper.com.

In February 2022, there were 19 homes sold, with a median sale price of $254,650 - a 10.8% decrease over the $285,500 median sale price for the same period of the previous year. There were 24 homes sold in Rocky River in February 2021.

The median sales tax in Rocky River for the most recent year with available data, 2019, was $6,098, approximately 2.4% of the median home sale price for February 2022.

The following table compares Rocky River 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)
Beachwood35-40%$330,000$200,00065%
Orange330%$315,000$417,500-24.6%
Mayfield12-50%$294,000$322,250-8.8%
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%

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