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South Cuyahoga News

Monday, November 25, 2024

Home prices increased in Shaker Heights during the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Shaker Heights rose by $5,000 while total sales increased by 21.6%, according to BlockShopper.com.

From January through June of 2021, there were 298 homes sold, with a median sale price of $215,000 - a 2.4% increase over the $210,000 median sale price for the same period of the previous year. There were 245 homes sold in Shaker Heights in the first half of 2020.

The median sales tax in Shaker Heights for the most recent year with available data, 2019, was $8,387, approximately 3.9% of the median home sale price for the first half of 2021.

The following table compares Shaker Heights to other Cuyahoga County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Broadview Heights1371296.2%$235,000$245,000-4.1%
Woodmere51400%$230,000$50,000360%
Olmsted Township595311.3%$224,000$197,00013.7%
Lakewood42734324.5%$220,000$195,00012.8%
Seven Hills9195-4.2%$220,000$194,00013.4%
Shaker Heights29824521.6%$215,000$210,0002.4%
Fairview Park12911512.2%$208,000$179,00016.2%
University Heights17215312.4%$200,000$168,00019%
North Royalton170180-5.6%$193,000$178,5008.1%
North Olmsted24922411.2%$185,500$161,25015%
Lyndhurst17014021.4%$170,500$150,00013.7%

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