Beachwood median home prices fell by 16% in August 2021

Medium realestate4

The median sale price of a home sold in August 2021 in Beachwood fell by $49,375 while total sales decreased by 18.8%, according to BlockShopper.com.

In August 2021, there were 13 homes sold, with a median sale price of $260,000 - a 16% decrease over the $309,375 median sale price for the same period of the previous year. There were 16 homes sold in Beachwood in August 2020.

The median sales tax in Beachwood for the most recent year with available data, 2019, was $6,984, approximately 2.7% of the median home sale price for August 2021.

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

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Brecksville1415-6.7%$337,500$317,0006.5%
Highland Heights412-66.7%$281,150$285,000-1.4%
Moreland Hills35-40%$280,000$515,000-45.6%
Chagrin Falls38-62.5%$275,000$365,000-24.7%
Walton Hills14-75%$269,919$168,00060.7%
Beachwood1316-18.8%$260,000$309,375-16%
Strongsville3950-22%$260,000$240,5008.1%
Fairview Park1726-34.6%$245,000$189,40029.4%
Lakewood4678-41%$244,000$228,0007%
Rocky River2232-31.3%$241,500$283,500-14.8%
Seven Hills1424-41.7%$227,500$187,50021.3%

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