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Saturday, November 23, 2024

What happened to the median home price in Brook Park during May?

Realestate5

The median sale price of a home sold in May in Brook Park rose by $27,500 while total sales decreased by 7.1 percent, according to BlockShopper.com.

In May, there were 26 homes sold, with a median sale price of $185,000 - a 17.5 percent increase over the $157,500 median sale price for the same period of the previous year. There were 28 homes sold in Brook Park in May 2021.

The median sales tax in Brook Park for the most recent year with available data, 2019, was $2,822, approximately 1.5 percent of the median home sale price for May.

The following table compares Brook Park to other Cuyahoga County cities with similar median sale prices in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Brooklyn Heights21100$210,000$286,000-26.6
Cleveland Heights7476-2.6$200,000$147,00036.1
Independence6520$200,000$250,000-20
Mayfield Heights272222.7$195,000$163,45019.3
Lyndhurst24240$186,250$173,7507.2
Brook Park2628-7.1$185,000$157,50017.5
Bedford Heights710-30$172,000$141,35021.7
Middleburg Heights1720-15$172,000$212,000-18.9
Parma1038915.7$172,000$158,0008.9
Parma Heights2232-31.3$160,000$173,250-7.6
South Euclid3749-24.5$148,000$120,00023.3

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