What happened to the median home price in Pepper Pike during January 2021?

Medium realestate1

The median sale price of a home sold in January 2021 in Pepper Pike fell by $808,500 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In January 2021, there were two homes sold, with a median sale price of $478,000 - a 62.8% decrease over the $1,286,500 median sale price for the same period of the previous year. There were two homes sold in Pepper Pike in January 2020, as well.

The median sales tax in Pepper Pike for the most recent year with available data, 2019, was $10,875, approximately 2.3% of the median home sale price for January 2021.

The following table compares Pepper Pike 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)
Gates Mills40-$665,000$0-
Chagrin Falls51400%$499,000$317,00057.4%
Pepper Pike220%$478,000$1,286,500-62.8%
Moreland Hills23-33.3%$386,500$755,500-48.8%
Bay Village121020%$325,000$283,50014.6%
Walton Hills31200%$270,000$177,90051.8%
Richmond Heights36-50%$255,000$127,62599.8%

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