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Cleveland Reporter

Friday, November 1, 2024

Cleveland home prices rose in August 2021

Realestate3

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The median sale price of a home sold in August 2021 in Cleveland rose by $20,000 while total sales decreased by 34.9%, according to BlockShopper.com.

In August 2021, there were 337 homes sold, with a median sale price of $75,000 - a 36.4% increase over the $55,000 median sale price for the same period of the previous year. There were 518 homes sold in Cleveland in August 2020.

The median sales tax in Cleveland for the most recent year with available data, 2019, was $1,416, approximately 1.9% of the median home sale price for August 2021.

The following table compares Cleveland to other Cuyahoga County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
South Euclid3334-2.9%$141,500$124,75013.4%
Parma Heights1727-37%$140,000$125,00012%
North Randall10-$129,500$0-
Bedford1319-31.6%$124,200$120,0003.5%
Euclid4563-28.6%$120,000$80,00050%
Garfield Heights3853-28.3%$112,750$75,00050.3%
Highland Hills10-$95,000$0-
Cleveland337518-34.9%$75,000$55,00036.4%
Maple Heights3346-28.3%$70,000$66,2505.7%
East Cleveland714-50%$32,000$17,85079.3%
Warrensville Heights11837.5%$29,000$57,000-49.1%

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