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Saturday, November 23, 2024

Brook Park 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 Brook Park rose by $23,000 while total sales increased by 27.1%, according to BlockShopper.com.

From January through June of 2018, there were 150 homes sold, with a median sale price of $118,000 - a 24.2% increase over the $95,000 median sale price for the same period of the previous year. There were 118 homes sold in Brook Park in the first half of 2017.

The median sales tax in Brook Park for the most recent year with available data, 2016, was $2,724, approximately 2.3% of the median home sale price for the first half of 2018.

The following table compares Brook Park 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)
Mayfield Heights1759780.4%$131,500$124,0006%
Lyndhurst22412579.2%$131,500$130,0001.2%
Richmond Heights795251.9%$128,000$121,6755.2%
Berea15312027.5%$119,000$112,7505.5%
Valley View7540%$118,000$259,900-54.6%
Brook Park15011827.1%$118,000$95,00024.2%
Parma Heights16411345.1%$117,000$108,4007.9%
Cuyahoga Heights115120%$115,000$107,0007.5%
Parma74155932.6%$110,000$98,00012.2%
Bedford Heights694072.5%$96,500$63,37552.3%
Oakwood251392.3%$95,100$81,80916.2%

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