From April through June of 2017, there were 50 homes sold, with a median sale price of $143,500 - a 2.5% increase over the $140,000 median sale price for the same period of the previous year. There were 21 homes sold in Olmsted Falls in the second quarter of 2016.
The median sales tax in Olmsted Falls for the most recent year with available data, 2016, was $4,246, approximately 3% of the median home sale price for the second quarter of 2017.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fairview Park | 72 | 34 | 111.8% | $164,700 | $149,250 | 10.4% |
| University Heights | 89 | 59 | 50.8% | $160,000 | $138,000 | 15.9% |
| Richmond Heights | 29 | 28 | 3.6% | $156,000 | $75,975 | 105.3% |
| Middleburg Heights | 69 | 49 | 40.8% | $149,500 | $134,500 | 11.2% |
| Lakewood | 216 | 118 | 83.1% | $148,000 | $138,500 | 6.9% |
| Olmsted Falls | 50 | 21 | 138.1% | $143,500 | $140,000 | 2.5% |
| North Royalton | 94 | 54 | 74.1% | $142,000 | $168,000 | -15.5% |
| Lyndhurst | 79 | 48 | 64.6% | $140,000 | $118,500 | 18.1% |
| North Olmsted | 135 | 86 | 57% | $139,900 | $129,875 | 7.7% |
| Brooklyn Heights | 4 | 2 | 100% | $136,000 | $113,950 | 19.4% |
| Bratenahl | 7 | 2 | 250% | $130,000 | $135,000 | -3.7% |
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