Falling home prices in Lyndhurst in January 2021

Medium realestate2

The median sale price of a home sold in January 2021 in Lyndhurst fell by $11,350 while total sales decreased by 35.7%, according to BlockShopper.com.

In January 2021, there were nine homes sold, with a median sale price of $134,000 - a 7.8% decrease over the $145,350 median sale price for the same period of the previous year. There were 14 homes sold in Lyndhurst in January 2020.

The median sales tax in Lyndhurst for the most recent year with available data, 2019, was $4,048, approximately 3% of the median home sale price for January 2021.

The following table compares Lyndhurst to other Cuyahoga 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)
Brooklyn5366.7%$166,000$62,000167.7%
Berea211540%$155,000$139,00011.5%
Mayfield Heights121020%$148,500$137,0008.4%
North Royalton1020-50%$140,000$96,51045.1%
Olmsted Falls46-33.3%$137,250$89,00054.2%
Lyndhurst914-35.7%$134,000$145,350-7.8%
Parma3655-34.5%$132,500$124,9006.1%
South Euclid1637-56.8%$130,950$79,00065.8%
Parma Heights816-50%$125,500$107,50016.7%
Brook Park48-50%$123,750$132,450-6.6%
Fairview Park412-66.7%$123,000$189,941-35.2%

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