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Monday, November 25, 2024

Brooklyn home prices rose in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Brooklyn rose by $14,000 while total sales decreased by 11.9%, according to BlockShopper.com.

From April through June of 2021, there were 37 homes sold, with a median sale price of $138,000 - a 11.3% increase over the $124,000 median sale price for the same period of the previous year. There were 42 homes sold in Brooklyn in the second quarter of 2020.

The median sales tax in Brooklyn for the most recent year with available data, 2019, was $3,031, approximately 2.2% of the median home sale price for the second quarter of 2021.

The following table compares Brooklyn to other Cuyahoga County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Mayfield Heights947919%$160,950$155,0003.8%
Parma Heights716214.5%$160,000$139,95014.3%
Brook Park7385-14.1%$155,000$139,00011.5%
Parma335336-0.3%$152,000$131,362.5015.7%
Cleveland Heights27323516.2%$150,000$132,00013.6%
Brooklyn3742-11.9%$138,000$124,00011.3%
South Euclid14912618.3%$136,000$115,00018.3%
Oakwood121020%$130,000$162,000-19.8%
Bedford Heights2326-11.5%$125,000$90,00038.9%
Euclid21117917.9%$105,000$81,50028.8%
Bedford563847.4%$104,000$81,00028.4%

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