In May 2017, there were nine homes sold, with a median sale price of $156,000 - a 135.3% increase over the $66,306 median sale price for the same period of the previous year. There were 10 homes sold in Richmond Heights in May 2016.
The median sales tax in Richmond Heights for the most recent year with available data, 2016, was $3,994, approximately 2.6% of the median home sale price for May 2017.
The following table compares Richmond Heights to other Cuyahoga County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mayfield | 3 | 3 | 0% | $170,000 | $225,000 | -24.4% |
| Seven Hills | 14 | 8 | 75% | $169,000 | $158,950 | 6.3% |
| Fairview Park | 32 | 9 | 255.6% | $166,500 | $152,000 | 9.5% |
| Walton Hills | 4 | 0 | - | $165,237.50 | $0 | - |
| Middleburg Heights | 31 | 17 | 82.4% | $160,000 | $143,900 | 11.2% |
| Richmond Heights | 9 | 10 | -10% | $156,000 | $66,305.50 | 135.3% |
| University Heights | 33 | 19 | 73.7% | $155,500 | $123,500 | 25.9% |
| Lakewood | 81 | 33 | 145.5% | $155,000 | $134,000 | 15.7% |
| North Olmsted | 53 | 24 | 120.8% | $144,000 | $124,000 | 16.1% |
| Olmsted Falls | 19 | 10 | 90% | $143,000 | $136,750 | 4.6% |
| North Royalton | 35 | 18 | 94.4% | $141,000 | $108,500 | 30% |
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