Brook Park home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Brook Park rose by $15,050 while total sales decreased by 24.7%, according to BlockShopper.com.

From July through September of 2020, there were 64 homes sold, with a median sale price of $145,050 - a 11.6% increase over the $130,000 median sale price for the same period of the previous year. There were 85 homes sold in Brook Park in the third quarter of 2019.

The median sales tax in Brook Park for the most recent year with available data, 2019, was $2,822, approximately 1.9% of the median home sale price for the third quarter of 2020.

The following table compares Brook Park to other Cuyahoga County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Olmsted Falls4161-32.8%$162,000$135,00020%
Mayfield Heights6889-23.6%$161,500$135,00019.6%
Lyndhurst84103-18.4%$153,450$149,9002.4%
Berea70108-35.2%$151,000$136,00011%
Richmond Heights4041-2.4%$147,950$134,9009.7%
Brook Park6485-24.7%$145,050$130,00011.6%
Parma352405-13.1%$140,050$123,00113.9%
Parma Heights94106-11.3%$140,000$126,75010.5%
Brooklyn4146-10.9%$138,000$117,50017.4%
Highland Hills10-$137,900$0-
Cleveland Heights23921312.2%$133,000$112,00018.8%

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