The median sale price of a home sold in September 2020 in Willoughby rose by $46,275 while total sales increased by 42.9%, according to BlockShopper.com.
In September 2020, there were 40 homes sold, with a median sale price of $167,500 - a 38.2% increase over the $121,225 median sale price for the same period of the previous year. There were 28 homes sold in Willoughby in September 2019.
The median sales tax in Willoughby for the most recent year with available data, 2019, was $4,143, approximately 2.5% of the median home sale price for September 2020.
The following table compares Willoughby to other Lake County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 4 | 1 | 300% | $224,450 | $190,000 | 18.1% |
| Timberlake | 3 | 1 | 200% | $207,500 | $189,900 | 9.3% |
| Mentor | 103 | 82 | 25.6% | $197,000 | $171,500 | 14.9% |
| Madison | 18 | 15 | 20% | $193,500 | $139,000 | 39.2% |
| Lane | 1 | 0 | - | $179,000 | $0 | - |
| Willoughby | 40 | 28 | 42.9% | $167,500 | $121,225 | 38.2% |
| Mentor-on-the-Lake | 16 | 14 | 14.3% | $166,500 | $140,000 | 18.9% |
| Painesville | 73 | 73 | 0% | $156,000 | $156,000 | 0% |
| Willowick | 24 | 23 | 4.3% | $151,500 | $124,500 | 21.7% |
| Lakeline | 1 | 1 | 0% | $147,000 | $36,520 | 302.5% |
| Avenues Mobile Estates | 3 | 0 | - | $139,900 | $0 | - |
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