Moreland Hills home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Moreland Hills rose by $206,500 while total sales decreased by 42.9%, according to BlockShopper.com.

In October 2020, there were four homes sold, with a median sale price of $405,500 - a 103.8% increase over the $199,000 median sale price for the same period of the previous year. There were seven homes sold in Moreland Hills in October 2019.

The median sales tax in Moreland Hills for the most recent year with available data, 2019, was $11,582, approximately 2.9% of the median home sale price for October 2020.

The following table compares Moreland Hills 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)
Pepper Pike68-25%$605,750$401,25051%
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%

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