The median sale price of a home sold in January 2021 in Moreland Hills fell by $369,000 while total sales decreased by 33.3%, according to BlockShopper.com.
In January 2021, there were two homes sold, with a median sale price of $386,500 - a 48.8% decrease over the $755,500 median sale price for the same period of the previous year. There were three homes sold in Moreland Hills in January 2020.
The median sales tax in Moreland Hills for the most recent year with available data, 2019, was $11,582, approximately 3% of the median home sale price for January 2021.
The following table compares Moreland Hills to other Cuyahoga County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gates Mills | 4 | 0 | - | $665,000 | $0 | - |
| Orange | 2 | 2 | 0% | $515,000 | $279,750 | 84.1% |
| Chagrin Falls | 5 | 1 | 400% | $499,000 | $317,000 | 57.4% |
| Pepper Pike | 2 | 2 | 0% | $478,000 | $1,286,500 | -62.8% |
| Moreland Hills | 2 | 3 | -33.3% | $386,500 | $755,500 | -48.8% |
| Independence | 1 | 1 | 0% | $369,000 | $605,000 | -39% |
| Bay Village | 12 | 10 | 20% | $325,000 | $283,500 | 14.6% |
| Solon | 9 | 14 | -35.7% | $280,000 | $263,000 | 6.5% |
| Walton Hills | 3 | 1 | 200% | $270,000 | $177,900 | 51.8% |
| Westlake | 17 | 21 | -19% | $258,000 | $245,000 | 5.3% |
| Richmond Heights | 3 | 6 | -50% | $255,000 | $127,625 | 99.8% |
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