Home prices increased in Eastlake during January 2021

Medium realestate5

The median sale price of a home sold in January 2021 in Eastlake rose by $44,800 while total sales increased by 10.5%, according to BlockShopper.com.

In January 2021, there were 21 homes sold, with a median sale price of $137,800 - a 48.2% increase over the $93,000 median sale price for the same period of the previous year. There were 19 homes sold in Eastlake in January 2020.

The median sales tax in Eastlake for the most recent year with available data, 2019, was $3,637, approximately 2.6% of the median home sale price for January 2021.

The following table compares Eastlake to other Lake County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Mentor544910.2%$182,400$134,90035.2%
Fairport Harbor45-20%$176,250$99,50077.1%
Mentor-on-the-Lake10742.9%$158,700$134,00018.4%
Willoughby20195.3%$157,450$125,90025.1%
Painesville3150-38%$151,000$141,177.507%
North Madison811-27.3%$150,000$70,000114.3%
Painesville on-the-Lake10-$148,000$0-
Eastlake211910.5%$137,800$93,00048.2%
Willowick201625%$133,500$116,50014.6%
Wickliffe1920-5%$132,000$115,00014.8%
Madison84100%$110,000$212,500-48.2%

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