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

Medium re 8

The median sale price of a home sold in April 2021 in Chagrin Falls rose by $231,500 while total sales increased by 175%, according to BlockShopper.com.

In April 2021, there were 11 homes sold, with a median sale price of $549,000 - a 72.9% increase over the $317,500 median sale price for the same period of the previous year. There were four homes sold in Chagrin Falls in April 2020.

The median sales tax in Chagrin Falls for the most recent year with available data, 2019, was $8,851, approximately 1.6% of the median home sale price for April 2021.

The following table compares Chagrin Falls 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)
Moreland Hills45-20%$677,500$482,50040.4%
Pepper Pike11837.5%$550,000$492,50011.7%
Chagrin Falls114175%$549,000$317,50072.9%
Gates Mills23-33.3%$505,000$500,0001%
Valley View52150%$355,000$73,480.50383.1%
Highland Heights710-30%$320,000$235,50035.9%
Bay Village2326-11.5%$302,000$257,45017.3%

Blockshopper green logo