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South Cuyahoga News

Monday, November 25, 2024

Moreland Hills median home prices rose by 28.4% in the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Moreland Hills rose by $98,000 while total sales increased by 24.1%, according to BlockShopper.com.

From January through June of 2021, there were 36 homes sold, with a median sale price of $443,000 - a 28.4% increase over the $345,000 median sale price for the same period of the previous year. There were 29 homes sold in Moreland Hills in the first half of 2020.

The median sales tax in Moreland Hills for the most recent year with available data, 2019, was $11,582, approximately 2.6% of the median home sale price for the first half of 2021.

The following table compares Moreland Hills 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)
Hunting Valley4333.3%$1,518,300$2,500,000-39.3%
Bentleyville10911.1%$639,500$520,00023%
Pepper Pike553748.6%$507,000$466,6708.6%
Gates Mills292138.1%$490,000$399,99922.5%
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%

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