In May, there were two homes sold, with a median sale price of $125,993 - an 80 percent increase over the $70,000 median sale price for the same period of the previous year. There were four homes sold in Oakwood in May 2021.
The median sales tax in Oakwood for the most recent year with available data, 2019, was $3,139, approximately 2.5 percent of the median home sale price for May.
The following table compares Oakwood to other Cuyahoga County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Parma | 103 | 89 | 15.7 | $172,000 | $158,000 | 8.9 |
| Parma Heights | 22 | 32 | -31.3 | $160,000 | $173,250 | -7.6 |
| South Euclid | 37 | 49 | -24.5 | $148,000 | $120,000 | 23.3 |
| Brooklyn | 10 | 8 | 25 | $131,000 | $153,750 | -14.8 |
| Bedford | 19 | 18 | 5.6 | $129,500 | $116,000 | 11.6 |
| Oakwood | 2 | 4 | -50 | $125,993 | $70,000 | 80 |
| Euclid | 73 | 74 | -1.4 | $124,900 | $115,200 | 8.4 |
| Highland Hills | 1 | 1 | 0 | $124,060 | $65,000 | 90.9 |
| Garfield Heights | 51 | 34 | 50 | $105,000 | $91,000 | 15.4 |
| North Randall | 1 | 0 | - | $100,000 | $0 | - |
| Maple Heights | 39 | 48 | -18.8 | $100,000 | $86,500 | 15.6 |
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