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Cleveland Reporter

Saturday, November 23, 2024

Cleveland home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Cleveland rose by $6,400 while total sales increased by 42.3%, according to BlockShopper.com.

From January through March of 2018, there were 1,607 homes sold, with a median sale price of $35,900 - a 21.7% increase over the $29,500 median sale price for the same period of the previous year. There were 1,129 homes sold in Cleveland in the first quarter of 2017.

The median sales tax in Cleveland for the most recent year with available data, 2016, was $1,682, approximately 4.7% of the median home sale price for the first quarter of 2018.

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

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
South Euclid1298551.8%$72,283$57,00026.8%
Woodmere10-$65,000$0-
Euclid24315754.8%$55,000$46,50018.3%
Garfield Heights14810639.6%$50,674.50$42,75018.5%
Highland Hills10-$47,000$0-
Warrensville Heights38358.6%$44,500$40,00011.3%
North Randall30-$39,900$0-
Newburgh Heights10911.1%$39,500$30,00031.7%
Maple Heights1418664%$37,600$33,55012.1%
Cleveland1,6071,12942.3%$35,900$29,50021.7%
East Cleveland513259.4%$20,000$11,75070.2%

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