The median sale price of a home sold in the third quarter of 2020 in Oakwood rose by $146,667 while total sales decreased by 50%, according to BlockShopper.com.
From July through September of 2020, there were five homes sold, with a median sale price of $210,000 - a 231.6% increase over the $63,334 median sale price for the same period of the previous year. There were 10 homes sold in Oakwood in the third quarter of 2019.
The median sales tax in Oakwood for the most recent year with available data, 2019, was $3,139, approximately 1.5% of the median home sale price for the third quarter of 2020.
The following table compares Oakwood to other Cuyahoga County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Strongsville | 167 | 211 | -20.9% | $241,000 | $224,300 | 7.4% |
| Broadview Heights | 90 | 80 | 12.5% | $236,450 | $243,750 | -3% |
| North Royalton | 101 | 130 | -22.3% | $232,000 | $179,500 | 29.2% |
| Lakewood | 220 | 279 | -21.1% | $225,000 | $185,000 | 21.6% |
| Seven Hills | 67 | 79 | -15.2% | $214,500 | $183,750 | 16.7% |
| Oakwood | 5 | 10 | -50% | $210,000 | $63,333.50 | 231.6% |
| Shaker Heights | 165 | 174 | -5.2% | $209,000 | $196,250 | 6.5% |
| North Olmsted | 118 | 160 | -26.3% | $185,000 | $166,000 | 11.4% |
| Walton Hills | 9 | 10 | -10% | $184,900 | $197,500 | -6.4% |
| Middleburg Heights | 64 | 71 | -9.9% | $184,500 | $153,000 | 20.6% |
| Fairview Park | 86 | 80 | 7.5% | $183,750 | $188,950 | -2.8% |
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