From October through December of 2021, there were 11 homes sold, with a median sale price of $195,000 - a 46.6% increase over the $133,000 median sale price for the same period of the previous year. There were three homes sold in Oakwood in the fourth quarter of 2020.
The median sales tax in Oakwood for the most recent year with available data, 2019, was $3,139, approximately 1.6% of the median home sale price for the fourth quarter of 2021.
The following table compares Oakwood to other Cuyahoga County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Olmsted Township | 26 | 44 | -40.9% | $229,000 | $225,000 | 1.8% |
| Fairview Park | 66 | 94 | -29.8% | $229,000 | $199,950 | 14.5% |
| Middleburg Heights | 58 | 72 | -19.4% | $205,300 | $189,500 | 8.3% |
| University Heights | 64 | 46 | 39.1% | $200,000 | $162,000 | 23.5% |
| Shaker Heights | 107 | 119 | -10.1% | $200,000 | $213,500 | -6.3% |
| Oakwood | 11 | 3 | 266.7% | $195,000 | $133,000 | 46.6% |
| North Olmsted | 91 | 131 | -30.5% | $191,000 | $170,000 | 12.4% |
| Brooklyn Heights | 4 | 2 | 100% | $185,450 | $148,750 | 24.7% |
| Olmsted Falls | 32 | 46 | -30.4% | $179,625 | $173,000 | 3.8% |
| Richmond Heights | 36 | 33 | 9.1% | $175,500 | $155,000 | 13.2% |
| Berea | 60 | 83 | -27.7% | $175,000 | $155,000 | 12.9% |
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