Olmsted Township home prices rise in October 2020

Medium realestate3

The median sale price of a home sold in October 2020 in Olmsted Township rose by $70,750 while total sales decreased by 33.3%, according to BlockShopper.com.

In October 2020, there were eight homes sold, with a median sale price of $246,250 - a 40.3% increase over the $175,500 median sale price for the same period of the previous year. There were 12 homes sold in Olmsted Township in October 2019.

The median sales tax in Olmsted Township for the most recent year with available data, 2019, was $4,974, approximately 2% of the median home sale price for October 2020.

The following table compares Olmsted Township 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)
Bay Village1135-68.6%$295,000$261,50012.8%
Olmsted Township812-33.3%$246,250$175,50040.3%
Middleburg Heights1429-51.7%$231,500$175,00032.3%
North Royalton1747-63.8%$230,000$194,50018.3%
Chagrin Falls510-50%$225,000$184,50022%
Seven Hills1115-26.7%$223,500$226,000-1.1%

Blockshopper green logo