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Saturday, November 23, 2024

Brooklyn home prices unchanged in May 2018

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The median sale price of a home sold in May 2018 in Brooklyn was unchanged while total sales decreased by 65%, according to BlockShopper.com.

In May 2018, there were seven homes sold, with a median sale price of $94,000. There were 20 homes sold in Brooklyn in May 2017, and the median sales price for the period was also $94,000.

The median sales tax in Brooklyn for the most recent year with available data, 2016, was $2,666, approximately 2.8% of the median home sale price for May 2018.

The following table compares Brooklyn 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)
Mayfield Heights332626.9%$115,000$139,750-17.7%
Cuyahoga Heights50-$115,000$0-
Bedford Heights186200%$114,750$61,50086.6%
Cleveland Heights1167652.6%$113,000$105,5007.1%
Brooklyn Heights10-$106,500$0-
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%

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