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Cleveland Reporter

Saturday, November 23, 2024

Brooklyn home prices rise in November 2018

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The median sale price of a home sold in November 2018 in Brooklyn rose by $19,750 while total sales decreased by 57.9%, according to BlockShopper.com.

In November 2018, there were eight homes sold, with a median sale price of $107,750 - a 22.4% increase over the $88,000 median sale price for the same period of the previous year. There were 19 homes sold in Brooklyn in November 2017.

The median sales tax in Brooklyn for the most recent year with available data, 2016, was $2,666, approximately 2.5% of the median home sale price for November 2018.

The following table compares Brooklyn to other Cuyahoga County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Richmond Heights181163.6%$132,000$150,000-12%
Parma1291216.6%$122,500$100,00022.5%
Olmsted Falls915-40%$120,000$129,000-7%
Cleveland Heights7581-7.4%$108,000$85,00027.1%
Oakwood31200%$107,900$152,500-29.2%
Brooklyn819-57.9%$107,750$88,00022.4%
Parma Heights1730-43.3%$107,000$115,750-7.6%
Bedford Heights711-36.4%$106,400$105,0001.3%
Brooklyn Heights41300%$103,075$140,000-26.4%
South Euclid543268.8%$90,250$89,4500.9%
Newburgh Heights23-33.3%$67,300$62,0008.5%

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