Mayfield home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Mayfield fell by $15,550 while total sales decreased by 29.4%, according to BlockShopper.com.

From April through June of 2020, there were 12 homes sold, with a median sale price of $209,450 - a 6.9% decrease over the $225,000 median sale price for the same period of the previous year. There were 17 homes sold in Mayfield in the second quarter of 2019.

The median sales tax in Mayfield for the most recent year with available data, 2019, was $5,894, approximately 2.8% of the median home sale price for the second quarter of 2020.

The following table compares Mayfield to other Cuyahoga County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Broadview Heights7795-18.9%$245,000$211,00016.1%
Highland Heights2637-29.7%$235,500$235,0000.2%
Walton Hills7616.7%$224,900$212,7005.7%
Strongsville126231-45.5%$220,000$220,0000%
Shaker Heights160202-20.8%$220,000$207,5006%
Mayfield1217-29.4%$209,450$225,000-6.9%
Olmsted Township3255-41.8%$208,945.50$208,0000.5%
Seven Hills6369-8.7%$208,000$185,40012.2%
Brooklyn Heights8714.3%$201,500$148,00036.1%
Lakewood211296-28.7%$195,000$180,0008.3%
Fairview Park7394-22.3%$184,900$165,00012.1%

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