Independence home prices rise in September 2020

Medium realestate3

The median sale price of a home sold in September 2020 in Independence rose by $2,000 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

In September 2020, there were eight homes sold, with a median sale price of $237,000 - a 0.9% increase over the $235,000 median sale price for the same period of the previous year. There were eight homes sold in Independence in September 2019, as well.

The median sales tax in Independence for the most recent year with available data, 2019, was $4,487, approximately 1.9% of the median home sale price for September 2020.

The following table compares Independence to other Cuyahoga County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Brecksville1019-47.4%$248,125$236,0005.1%
Beachwood15147.1%$245,000$300,500-18.5%
Westlake2834-17.6%$244,500$270,000-9.4%
Strongsville4861-21.3%$243,000$213,00014.1%
Lakewood6277-19.5%$239,500$178,50034.2%
Independence880%$237,000$235,0000.9%
Broadview Heights252119%$236,900$227,0004.4%
Middleburg Heights1325-48%$220,814$162,00036.3%
Seven Hills2324-4.2%$217,000$183,37518.3%
University Heights1319-31.6%$211,000$139,90050.8%
Oakwood12-50%$210,000$145,25044.6%

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