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Cleveland Reporter

Friday, November 1, 2024

May 2021: Home prices in Chagrin Falls increased

Re 7

The median sale price of a home sold in May 2021 in Chagrin Falls rose by $82,000 while total sales decreased by 40%, according to BlockShopper.com.

In May 2021, there were three homes sold, with a median sale price of $437,000 - a 23.1% increase over the $355,000 median sale price for the same period of the previous year. There were five homes sold in Chagrin Falls in May 2020.

The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 2% of the median home sale price for May 2021.

The following table compares Chagrin Falls to other Cuyahoga County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Hunting Valley110%$1,500,000$2,500,000-40%
Gates Mills27-71.4%$1,314,000$455,000188.8%
Bentleyville41300%$717,500$1,097,000-34.6%
Pepper Pike911-18.2%$507,000$382,00032.7%
Moreland Hills550%$505,000$285,00077.2%
Chagrin Falls35-40%$437,000$355,00023.1%
Orange3250%$435,000$461,250-5.7%
Highland Heights9650%$395,000$214,50084.1%
Beachwood207185.7%$356,450$367,000-2.9%
Bratenahl550%$344,000$145,000137.2%
Westlake3234-5.9%$332,500$247,50034.3%

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