Grand River home prices rise in the second quarter of 2020

Medium realestate5

The median sale price of a home sold in the second quarter of 2020 in Grand River rose by $8,074 while total sales decreased by 50%, according to BlockShopper.com.

From April through June of 2020, there were two homes sold, with a median sale price of $176,250 - a 4.8% increase over the $168,176 median sale price for the same period of the previous year. There were four homes sold in Grand River in the second quarter of 2019.

The median sales tax in Grand River for the most recent year with available data, 2015, was $2,701, approximately 1.5% of the median home sale price for the second quarter of 2020.

The following table compares Grand River to other Lake 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)
Willoughby Hills2134-38.2%$225,000$218,5003%
Kirtland1522-31.8%$205,000$223,500-8.3%
Perry911-18.2%$199,000$169,00017.8%
North Perry15150%$199,000$170,00017.1%
Mentor214265-19.2%$184,950$160,00015.6%
Grand River24-50%$176,250$168,1764.8%
Painesville178220-19.1%$167,500$145,75014.9%
Willoughby93921.1%$158,000$149,998.505.3%
Madison3344-25%$155,000$151,4502.3%
Mentor-on-the-Lake373312.1%$145,500$134,0008.6%
Willowick82767.9%$133,250$119,75011.3%

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