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Cleveland Reporter

Saturday, November 23, 2024

Cleveland home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Cleveland rose by $6,000 while total sales increased by 10.1%, according to BlockShopper.com.

From October through December of 2017, there were 1,707 homes sold, with a median sale price of $36,000 - a 20% increase over the $30,000 median sale price for the same period of the previous year. There were 1,550 homes sold in Cleveland in the fourth quarter of 2016.

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 fourth quarter of 2017.

The following table compares Cleveland to other Cuyahoga County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Brooklyn483537.1%$85,250$85,860-0.7%
South Euclid14112711%$85,000$72,00018.1%
North Randall110%$72,402$20,000262%
Bedford5658-3.4%$65,500$66,500-1.5%
Newburgh Heights1012-16.7%$54,500$37,00047.3%
Euclid27921529.8%$54,300$46,00018%
Garfield Heights189208-9.1%$51,800$40,00029.5%
Maple Heights133155-14.2%$40,500$30,50032.8%
Warrensville Heights533551.4%$38,500$33,33415.5%
Cleveland1,7071,55010.1%$36,000$30,00020%
East Cleveland3163-50.8%$19,050$12,00058.8%

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