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Cleveland Reporter

Saturday, November 23, 2024

Brooklyn home prices rise in February 2018

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The median sale price of a home sold in February 2018 in Brooklyn rose by $6,750 while total sales decreased by 22.2%, according to BlockShopper.com.

In February 2018, there were seven homes sold, with a median sale price of $82,750 - a 8.9% increase over the $76,000 median sale price for the same period of the previous year. There were nine homes sold in Brooklyn in February 2017.

The median sales tax in Brooklyn for the most recent year with available data, 2016, was $2,666, approximately 3.2% of the median home sale price for February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
North Olmsted312055%$103,000$147,250-30.1%
Berea1219-36.8%$102,700$105,000-2.2%
Parma80791.3%$100,000$79,50025.8%
Oakwood3250%$95,100$132,000-28%
Bedford Heights105100%$90,750$77,00017.9%
Brooklyn79-22.2%$82,750$76,0008.9%
Bedford13944.4%$72,500$72,2000.4%
Cleveland Heights43414.9%$64,900$64,0001.4%
South Euclid363212.5%$60,955$53,00015%
Euclid684261.9%$56,500$54,1674.3%
North Randall20-$52,400$0-

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