The median sale price of a home sold in the second quarter of 2020 in Chagrin Falls rose by $47,600 while total sales decreased by 50%, according to BlockShopper.com.
From April through June of 2020, there were 21 homes sold, with a median sale price of $325,000 - a 17.2% increase over the $277,400 median sale price for the same period of the previous year. There were 42 homes sold in Chagrin Falls in the second quarter of 2019.
The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 2.7% of the median home sale price for the second quarter of 2020.
The following table compares Chagrin Falls to other Cuyahoga County cities with similar median sales prices in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 2 | 7 | -71.4% | $1,737,500 | $1,275,000 | 36.3% |
| Bentleyville | 7 | 4 | 75% | $520,000 | $490,500 | 6% |
| Pepper Pike | 28 | 39 | -28.2% | $478,335 | $516,000 | -7.3% |
| Gates Mills | 14 | 9 | 55.6% | $477,500 | $340,000 | 40.4% |
| Moreland Hills | 20 | 23 | -13% | $345,000 | $450,000 | -23.3% |
| Chagrin Falls | 21 | 42 | -50% | $325,000 | $277,400 | 17.2% |
| Solon | 85 | 125 | -32% | $320,000 | $308,500 | 3.7% |
| Orange | 12 | 24 | -50% | $315,150 | $348,000 | -9.4% |
| Beachwood | 30 | 59 | -49.2% | $309,250 | $300,000 | 3.1% |
| Glenwillow | 1 | 4 | -75% | $294,500 | $329,799.50 | -10.7% |
| Rocky River | 74 | 140 | -47.1% | $262,500 | $228,950 | 14.7% |
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