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South Cuyahoga News

Tuesday, November 26, 2024

Independence home prices rise in November 2019

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The median sale price of a home sold in November 2019 in Independence rose by $67,500 while total sales increased by 450%, according to BlockShopper.com.

In November 2019, there were 11 homes sold, with a median sale price of $214,000 - a 46.1% increase over the $146,500 median sale price for the same period of the previous year. There were two homes sold in Independence in November 2018.

The median sales tax in Independence for the most recent year with available data, 2016, was $4,557, approximately 2.1% of the median home sale price for November 2019.

The following table compares Independence to other Cuyahoga County cities with similar median sales prices in November 2019:

CityNov. 2019 Home SalesNov. 2018 Home Sales% change (Total Home Sales)Nov. 2019 Median Sales PriceNov. 2018 Median Sales Price% change (Median Sales Price)
Mayfield34-25%$242,500$216,25012.1%
Solon1233-63.6%$235,500$281,000-16.2%
Bay Village1523-34.8%$225,000$280,000-19.6%
Valley View12-50%$225,000$193,50016.3%
Brecksville1218-33.3%$215,000$200,0007.5%
Independence112450%$214,000$146,50046.1%
Westlake2549-49%$210,000$204,0002.9%
Rocky River2335-34.3%$208,000$229,000-9.2%
Strongsville3642-14.3%$205,000$207,500-1.2%
Seven Hills916-43.8%$203,000$175,50015.7%
Fairview Park1226-53.8%$196,200$165,50018.5%

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