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Cleveland Reporter

Monday, November 4, 2024

Brooklyn home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Brooklyn rose by $23,750 while total sales increased by 16.7%, according to BlockShopper.com.

In October 2020, there were 14 homes sold, with a median sale price of $132,750 - a 21.8% increase over the $109,000 median sale price for the same period of the previous year. There were 12 homes sold in Brooklyn in October 2019.

The median sales tax in Brooklyn for the most recent year with available data, 2019, was $3,031, approximately 2.3% of the median home sale price for October 2020.

The following table compares Brooklyn to other Cuyahoga County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Parma Heights1424-41.7%$147,450$109,00035.3%
Olmsted Falls819-57.9%$146,000$123,00018.7%
Parma70133-47.4%$141,000$120,00017.5%
Brook Park1226-53.8%$141,000$122,25015.3%
Cleveland Heights4779-40.5%$139,900$105,00033.2%
Brooklyn141216.7%$132,750$109,00021.8%
Bedford Heights413-69.2%$125,950$111,50013%
South Euclid4045-11.1%$122,500$95,00028.9%
Newburgh Heights24-50%$106,500$78,50035.7%
Bedford1416-12.5%$93,658$68,50036.7%
Garfield Heights3478-56.4%$90,000$62,95043%

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