Olmsted Falls 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 Olmsted Falls rose by $27,000 while total sales decreased by 32.8%, according to BlockShopper.com.

From July through September of 2020, there were 41 homes sold, with a median sale price of $162,000 - a 20% increase over the $135,000 median sale price for the same period of the previous year. There were 61 homes sold in Olmsted Falls in the third quarter of 2019.

The median sales tax in Olmsted Falls for the most recent year with available data, 2019, was $4,256, approximately 2.6% of the median home sale price for the third quarter of 2020.

The following table compares Olmsted Falls 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)
Middleburg Heights6471-9.9%$184,500$153,00020.6%
Fairview Park86807.5%$183,750$188,950-2.8%
University Heights81766.6%$175,000$158,75010.2%
Brooklyn Heights990%$171,900$160,0007.4%
Cuyahoga Heights20-$162,500$0-
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%

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