Shaker Heights home prices rise in the third quarter of 2020

Medium realestate077

The median sale price of a home sold in the third quarter of 2020 in Shaker Heights rose by $12,750 while total sales decreased by 5.2%, according to BlockShopper.com.

From July through September of 2020, there were 165 homes sold, with a median sale price of $209,000 - a 6.5% increase over the $196,250 median sale price for the same period of the previous year. There were 174 homes sold in Shaker Heights in the third quarter of 2019.

The median sales tax in Shaker Heights for the most recent year with available data, 2019, was $8,387, approximately 4% of the median home sale price for the third quarter of 2020.

The following table compares Shaker Heights 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)
Broadview Heights908012.5%$236,450$243,750-3%
North Royalton101130-22.3%$232,000$179,50029.2%
Lakewood220279-21.1%$225,000$185,00021.6%
Seven Hills6779-15.2%$214,500$183,75016.7%
Oakwood510-50%$210,000$63,333.50231.6%
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%

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