Westlake home prices fall in September 2020

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The median sale price of a home sold in September 2020 in Westlake fell by $25,500 while total sales decreased by 17.6%, according to BlockShopper.com.

In September 2020, there were 28 homes sold, with a median sale price of $244,500 - a 9.4% decrease over the $270,000 median sale price for the same period of the previous year. There were 34 homes sold in Westlake in September 2019.

The median sales tax in Westlake for the most recent year with available data, 2019, was $5,354, approximately 2.2% of the median home sale price for September 2020.

The following table compares Westlake 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)
Walton Hills20-$287,500$0-
Highland Heights1014-28.6%$269,500$216,15024.7%
Olmsted Township14137.7%$251,250$219,00014.7%
Broadview Heights252119%$236,900$227,0004.4%
Middleburg Heights1325-48%$220,814$162,00036.3%

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