Richmond Heights home prices fall in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Richmond Heights fell by $4,000 while total sales decreased by 44.3%, according to

From January through June of 2020, there were 54 homes sold, with a median sale price of $135,000 - a 2.9% decrease over the $139,000 median sale price for the same period of the previous year. There were 97 homes sold in Richmond Heights in the first half of 2019.

The median sales tax in Richmond Heights for the most recent year with available data, 2019, was $4,409, approximately 3.3% of the median home sale price for the first half of 2020.

The following table compares Richmond Heights to other Cuyahoga County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
North Olmsted223263-15.2%$162,500$153,5005.9%
Olmsted Falls7890-13.3%$158,250$159,500-0.8%
Mayfield Heights123160-23.1%$155,000$138,00012.3%
Richmond Heights5497-44.3%$135,000$139,000-2.9%
Brook Park136154-11.7%$133,950$125,862.506.4%
Parma Heights104149-30.2%$132,950$120,00010.8%
Cleveland Heights386540-28.5%$123,000$107,00015%

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