Chagrin 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 Chagrin Falls rose by $6,500 while total sales increased by 3.4%, according to BlockShopper.com.

From July through September of 2020, there were 30 homes sold, with a median sale price of $352,500 - a 1.9% increase over the $346,000 median sale price for the same period of the previous year. There were 29 homes sold in Chagrin Falls in the third quarter of 2019.

The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 2.5% of the median home sale price for the third quarter of 2020.

The following table compares Chagrin 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)
Bentleyville42100%$730,000$948,700-23.1%
Gates Mills147100%$529,950$495,0007.1%
Pepper Pike2835-20%$475,000$442,5007.3%
Moreland Hills201717.6%$434,500$425,0002.2%
Chagrin Falls30293.4%$352,500$346,0001.9%
Glenwillow3250%$345,000$320,0007.8%
Orange181612.5%$326,000$322,5001.1%
Solon1161087.4%$310,000$315,000-1.6%
Bratenahl1420-30%$293,700$357,500-17.8%
Beachwood4355-21.8%$290,000$310,000-6.5%
Bay Village97952.1%$290,000$238,00021.8%

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