Olmsted Falls home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Olmsted Falls rose by $23,000 while total sales decreased by 57.9%, according to BlockShopper.com.

In October 2020, there were eight homes sold, with a median sale price of $146,000 - a 18.7% increase over the $123,000 median sale price for the same period of the previous year. There were 19 homes sold in Olmsted Falls in October 2019.

The median sales tax in Olmsted Falls for the most recent year with available data, 2019, was $4,256, approximately 2.9% of the median home sale price for October 2020.

The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
North Olmsted3256-42.9%$165,000$169,000-2.4%
Richmond Heights517-70.6%$155,000$148,5004.4%
Mayfield Heights272412.5%$150,000$134,25011.7%
Parma Heights1424-41.7%$147,450$109,00035.3%
Olmsted Falls819-57.9%$146,000$123,00018.7%
Brook Park1226-53.8%$141,000$122,25015.3%
Cleveland Heights4779-40.5%$139,900$105,00033.2%
Bedford Heights413-69.2%$125,950$111,50013%

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