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Cleveland Reporter

Saturday, November 23, 2024

Cleveland home prices rise in May 2018

Re 9

The median sale price of a home sold in May 2018 in Cleveland rose by $6,500 while total sales increased by 11.5%, according to BlockShopper.com.

In May 2018, there were 582 homes sold, with a median sale price of $40,000 - a 19.4% increase over the $33,500 median sale price for the same period of the previous year. There were 522 homes sold in Cleveland in May 2017.

The median sales tax in Cleveland for the most recent year with available data, 2016, was $1,682, approximately 4.2% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Brooklyn720-65%$94,000$94,0000%
South Euclid624829.2%$78,250$63,00024.2%
Bedford251931.6%$69,900$46,00052%
Euclid1067737.7%$60,300$48,00025.6%
Garfield Heights67619.8%$58,000$45,00028.9%
Newburgh Heights45-20%$51,747.50$36,00043.7%
Maple Heights4243-2.3%$49,450$36,50035.5%
North Randall20-$44,500$0-
Cleveland58252211.5%$40,000$33,50019.4%
East Cleveland231827.8%$38,700$4,550750.5%
Warrensville Heights11757.1%$34,000$45,000-24.4%

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