What happened to the median home price in Oakwood during April 2021?

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The median sale price of a home sold in April 2021 in Oakwood rose by $62,000 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In April 2021, there were four homes sold, with a median sale price of $149,500 - a 70.9% increase over the $87,500 median sale price for the same period of the previous year. There were four homes sold in Oakwood in April 2020, as well.

The median sales tax in Oakwood for the most recent year with available data, 2019, was $3,139, approximately 2.1% of the median home sale price for April 2021.

The following table compares Oakwood to other Cuyahoga County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Lyndhurst2426-7.7%$165,000$154,0007.1%
Mayfield Heights422290.9%$156,500$133,25017.4%
Richmond Heights1014-28.6%$156,000$132,50017.7%
Bratenahl330%$155,000$127,50021.6%
Parma Heights251931.6%$150,000$140,0007.1%
Oakwood440%$149,500$87,50070.9%
Brook Park241833.3%$147,500$122,00020.9%
Parma13011810.2%$146,000$124,50017.3%
Cleveland Heights916833.8%$141,000$127,75010.4%
Brooklyn15150%$132,900$121,0009.8%
South Euclid433716.2%$120,630$110,0009.7%

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