In February 2017, there were eight homes sold, with a median sale price of $87,450 - a 29.1% increase over the $67,750 median sale price for the same period of the previous year. There were eight homes sold in Richmond Heights in February 2016, as well.
The median sales tax in Richmond Heights for the most recent year with available data, 2016, was $3,994, approximately 4.6% of the median home sale price for February 2017.
The following table compares Richmond Heights to other Cuyahoga County cities with similar median sales prices in February 2017:
| City | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Berea | 19 | 12 | 58.3% | $105,000 | $121,500 | -13.6% |
| Parma Heights | 11 | 11 | 0% | $99,900 | $64,100 | 55.9% |
| Lyndhurst | 18 | 17 | 5.9% | $97,250 | $118,000 | -17.6% |
| Shaker Heights | 26 | 35 | -25.7% | $96,950 | $167,000 | -41.9% |
| Brook Park | 15 | 22 | -31.8% | $89,000 | $91,750 | -3% |
| Richmond Heights | 8 | 8 | 0% | $87,450 | $67,750 | 29.1% |
| Parma | 79 | 68 | 16.2% | $79,500 | $77,500 | 2.6% |
| Newburgh Heights | 1 | 0 | - | $79,300 | $0 | - |
| Bedford Heights | 5 | 3 | 66.7% | $77,000 | $86,000 | -10.5% |
| Brooklyn | 9 | 3 | 200% | $76,000 | $61,000 | 24.6% |
| Bedford | 9 | 10 | -10% | $72,200 | $69,250 | 4.3% |
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