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Cleveland Reporter

Sunday, November 24, 2024

January 2022: Home prices in Cleveland increased

Realestate1

The median sale price of a home sold in January 2022 in Cleveland rose by $19,000 while total sales decreased by 46.4%, according to BlockShopper.com.

In January 2022, there were 324 homes sold, with a median sale price of $79,000 - a 31.7% increase over the $60,000 median sale price for the same period of the previous year. There were 605 homes sold in Cleveland in January 2021.

The median sales tax in Cleveland for the most recent year with available data, 2019, was $1,416, approximately 1.8% of the median home sale price for January 2022.

The following table compares Cleveland to other Cuyahoga County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
South Euclid2550-50%$119,900$120,000-0.1%
Brooklyn69-33.3%$108,500$149,500-27.4%
Euclid3576-53.9%$105,000$77,10036.2%
Newburgh Heights220%$99,750$56,25077.3%
Bedford1013-23.1%$98,750$107,000-7.7%
Bratenahl220%$90,050$223,875-59.8%
Garfield Heights2951-43.1%$80,000$73,0009.6%
Cleveland324605-46.4%$79,000$60,00031.7%
Maple Heights3261-47.5%$65,550$71,000-7.7%
East Cleveland313-76.9%$36,300$25,00045.2%
Warrensville Heights318-83.3%$27,800$38,300-27.4%

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