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Cleveland Reporter

Saturday, November 23, 2024

Cleveland home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Cleveland rose by $7,000 while total sales increased by 31.4%, according to BlockShopper.com.

From January through June of 2018, there were 3,408 homes sold, with a median sale price of $38,000 - a 22.6% increase over the $31,000 median sale price for the same period of the previous year. There were 2,593 homes sold in Cleveland in the first half of 2017.

The median sales tax in Cleveland for the most recent year with available data, 2016, was $1,682, approximately 4.4% of the median home sale price for the first half of 2018.

The following table compares Cleveland to other Cuyahoga County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Brooklyn756810.3%$87,000$90,000-3.3%
South Euclid28421730.9%$78,000$64,00021.9%
Bedford1099021.1%$72,500$68,2506.2%
Euclid51637936.1%$56,500$51,00010.8%
Garfield Heights35926834%$55,000$44,75022.9%
Newburgh Heights241741.2%$45,997.50$34,50033.3%
Warrensville Heights6470-8.6%$41,750$35,00019.3%
Maple Heights30819855.6%$41,400$36,35013.9%
North Randall51400%$39,900$23,00073.5%
Cleveland3,4082,59331.4%$38,000$31,00022.6%
East Cleveland1038225.6%$29,000$10,050188.6%

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