The median sale price of a home sold in April in Moreland Hills fell by $175,000 while total sales decreased by 40 percent, according to BlockShopper.com.
In April, there were three homes sold, with a median sale price of $445,000 - a 28.2 percent decrease from the $620,000 median sale price for the same period of the previous year. There were five homes sold in Moreland Hills in April 2021.
The median sales tax in Moreland Hills for the most recent year with available data, 2019, was $11,582, approximately 2.6 percent of the median home sale price for April.
The following table compares Moreland Hills to other Cuyahoga County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pepper Pike | 6 | 13 | -53.8 | $643,925 | $550,000 | 17.1 |
| Independence | 3 | 7 | -57.1 | $505,000 | $210,000 | 140.5 |
| Beachwood | 7 | 23 | -69.6 | $494,000 | $293,000 | 68.6 |
| Moreland Hills | 3 | 5 | -40 | $445,000 | $620,000 | -28.2 |
| Solon | 18 | 21 | -14.3 | $377,000 | $320,000 | 17.8 |
| Westlake | 25 | 36 | -30.6 | $343,000 | $262,500 | 30.7 |
| Mayfield | 4 | 6 | -33.3 | $343,000 | $247,500 | 38.6 |
| Brecksville | 15 | 14 | 7.1 | $340,000 | $308,750 | 10.1 |
| Rocky River | 16 | 39 | -59 | $338,000 | $290,000 | 16.6 |
| Bay Village | 12 | 23 | -47.8 | $317,762 | $302,000 | 5.2 |
| Chagrin Falls | 6 | 11 | -45.5 | $308,784 | $549,000 | -43.8 |
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