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Cleveland Reporter

Saturday, November 23, 2024

Brooklyn home prices rise in August 2018

Realestate077

The median sale price of a home sold in August 2018 in Brooklyn rose by $26,000 while total sales increased by 11.8%, according to BlockShopper.com.

In August 2018, there were 19 homes sold, with a median sale price of $106,000 - a 32.5% increase over the $80,000 median sale price for the same period of the previous year. There were 17 homes sold in Brooklyn in August 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 August 2018.

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

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Brook Park3032-6.3%$124,950$124,7500.2%
Parma Heights4048-16.7%$118,000$104,50012.9%
Parma1571523.3%$112,250$112,2500%
Cleveland Heights1059411.7%$109,000$90,00021.1%
Bedford Heights915-40%$107,500$92,10016.7%
Brooklyn191711.8%$106,000$80,00032.5%
South Euclid5171-28.2%$96,500$92,0004.9%
Bedford1732-46.9%$87,000$64,00035.9%
Highland Hills110%$75,000$5,0001400%
North Randall110%$67,800$23,500188.5%
Euclid1058326.5%$65,000$55,00018.2%

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