Brooklyn home prices rise in July 2018

Brooklyn home prices rise in July 2018
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The median sale price of a home sold in July 2018 in Brooklyn rose by $4,150 while total sales decreased by 55%, according to BlockShopper.com.

In July 2018, there were nine homes sold, with a median sale price of $104,900 – a 4.1% increase over the $100,750 median sale price for the same period of the previous year. There were 20 homes sold in Brooklyn in July 2017.

The median sales tax in Brooklyn for the most recent year with available data, 2016, was $2,666, approximately 2.5% of the median home sale price for July 2018.

The following table compares Brooklyn to other Cuyahoga County cities with similar median sales prices in July 2018:

City July 2018 Home Sales July 2017 Home Sales % change (Total Home Sales) July 2018 Median Sales Price July 2017 Median Sales Price % change (Median Sales Price)
Lyndhurst 56 39 43.6% $131,500 $133,000 -1.1%
Richmond Heights 20 18 11.1% $130,000 $150,000 -13.3%
Parma Heights 38 33 15.2% $126,100 $111,500 13.1%
Brook Park 36 20 80% $119,950 $113,950 5.3%
Parma 176 142 23.9% $116,750 $99,500 17.3%
Brooklyn 9 20 -55% $104,900 $100,750 4.1%
Cleveland Heights 78 92 -15.2% $95,000 $101,100 -6%
Cuyahoga Heights 2 0 – $92,500 $0 –
Highland Hills 1 2 -50% $90,000 $53,450 68.4%
Bedford 15 20 -25% $90,000 $46,250 94.6%
South Euclid 67 77 -13% $85,000 $90,000 -5.6%


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