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South Cuyahoga News

Monday, November 25, 2024

What happened to the median home price in Beachwood during the first half of 2021?

Re 5

The median sale price of a home sold in the first half of 2021 in Beachwood fell by $15,000 while total sales increased by 57.6%, according to BlockShopper.com.

From January through June of 2021, there were 93 homes sold, with a median sale price of $315,000 - a 4.5% decrease over the $330,000 median sale price for the same period of the previous year. There were 59 homes sold in Beachwood in the first half of 2020.

The median sales tax in Beachwood for the most recent year with available data, 2019, was $6,984, approximately 2.2% of the median home sale price for the first half of 2021.

The following table compares Beachwood 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)
Moreland Hills362924.1%$443,000$345,00028.4%
Orange242114.3%$440,000$305,20044.2%
Chagrin Falls533265.6%$425,000$321,50032.2%
Solon15613515.6%$322,500$305,0005.7%
Valley View8633.3%$320,875$237,50035.1%
Beachwood935957.6%$315,000$330,000-4.5%
Bratenahl2023-13%$297,500$168,00077.1%
Brecksville1077739%$280,000$270,0003.7%
Bay Village1221165.2%$277,000$248,50011.5%
Rocky River15512821.1%$275,000$263,5004.4%
Highland Heights644930.6%$270,000$240,00012.5%

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