Bedford home prices fall in the second quarter of 2018

Bedford home prices fall in the second quarter of 2018
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The median sale price of a home sold in the second quarter of 2018 in Bedford fell by $1,232 while total sales increased by 13.2%, according to BlockShopper.com.

From April through June of 2018, there were 60 homes sold, with a median sale price of $71,769 – a 1.7% decrease over the $73,000 median sale price for the same period of the previous year. There were 53 homes sold in Bedford in the second quarter of 2017.

The median sales tax in Bedford for the most recent year with available data, 2016, was $2,417, approximately 3.4% of the median home sale price for the second quarter of 2018.

The following table compares Bedford to other Cuyahoga County cities with similar median sales prices in the second quarter of 2018:

City Apr. – June 2018 Home Sales Apr. – June 2017 Home Sales % change (Total Home Sales) Apr. – June 2018 Median Sales Price Apr. – June 2017 Median Sales Price % change (Median Sales Price)
Cleveland Heights 315 232 35.8% $108,000 $99,625 8.4%
Oakwood 13 6 116.7% $104,900 $70,154.50 49.5%
Bedford Heights 36 21 71.4% $101,250 $51,000 98.5%
Brooklyn 47 48 -2.1% $87,000 $94,500 -7.9%
South Euclid 155 132 17.4% $82,000 $65,750 24.7%
Bedford 60 53 13.2% $71,768.50 $73,000 -1.7%
Euclid 273 222 23% $60,000 $55,000 9.1%
Garfield Heights 211 162 30.2% $56,000 $45,000 24.4%
Newburgh Heights 14 8 75% $49,997.50 $38,000 31.6%
Maple Heights 167 112 49.1% $45,013 $39,300 14.5%
North Randall 2 1 100% $44,500 $23,000 93.5%


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