Solon home prices rise in October 2020

Medium realestate2

The median sale price of a home sold in October 2020 in Solon rose by $65,000 while total sales increased by 17.4%, according to BlockShopper.com.

In October 2020, there were 27 homes sold, with a median sale price of $320,000 - a 25.5% increase over the $255,000 median sale price for the same period of the previous year. There were 23 homes sold in Solon in October 2019.

The median sales tax in Solon for the most recent year with available data, 2019, was $7,187, approximately 2.2% of the median home sale price for October 2020.

The following table compares Solon 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)
Moreland Hills47-42.9%$405,500$199,000103.8%
Mayfield220%$391,000$277,00041.2%
Independence27-71.4%$367,500$237,00055.1%
Highland Heights915-40%$366,500$262,00039.9%
Rocky River1644-63.6%$335,000$255,00031.4%
Solon272317.4%$320,000$255,00025.5%
Brecksville926-65.4%$313,500$227,00038.1%
Orange510-50%$312,000$395,450-21.1%
Westlake2950-42%$309,500$237,50030.3%
Bay Village1135-68.6%$295,000$261,50012.8%
Beachwood126100%$290,000$256,25013.2%

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