North Olmsted 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 North Olmsted rose by $19,000 while total sales decreased by 26.3%, according to

From July through September of 2020, there were 118 homes sold, with a median sale price of $185,000 - a 11.4% increase over the $166,000 median sale price for the same period of the previous year. There were 160 homes sold in North Olmsted in the third quarter of 2019.

The median sales tax in North Olmsted for the most recent year with available data, 2019, was $4,699, approximately 2.5% of the median home sale price for the third quarter of 2020.

The following table compares North Olmsted 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)
North Royalton101130-22.3%$232,000$179,50029.2%
Seven Hills6779-15.2%$214,500$183,75016.7%
Shaker Heights165174-5.2%$209,000$196,2506.5%
North Olmsted118160-26.3%$185,000$166,00011.4%
Walton Hills910-10%$184,900$197,500-6.4%
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%

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