From January through March of 2017, there were 72 homes sold, with a median sale price of $101,250 - a 13.3% decrease over the $116,800 median sale price for the same period of the previous year. There were 74 homes sold in Willoughby in the first quarter of 2016.
The median sales tax in Willoughby for the most recent year with available data, 2015, was $3,736, approximately 3.7% of the median home sale price for the first quarter of 2017.
The following table compares Willoughby to other Lake County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 16 | 11 | 45.5% | $135,750 | $158,000 | -14.1% |
| Mentor | 172 | 171 | 0.6% | $127,550 | $114,000 | 11.9% |
| Mentor-on-the-Lake | 27 | 29 | -6.9% | $116,000 | $103,000 | 12.6% |
| Painesville | 183 | 160 | 14.4% | $110,000 | $112,600 | -2.3% |
| Grand River | 2 | 2 | 0% | $104,650 | $83,250 | 25.7% |
| Willoughby | 72 | 74 | -2.7% | $101,250 | $116,800 | -13.3% |
| Willowick | 58 | 58 | 0% | $99,750 | $100,250 | -0.5% |
| Wickliffe | 56 | 39 | 43.6% | $95,000 | $81,500 | 16.6% |
| North Madison | 40 | 39 | 2.6% | $88,500 | $69,000 | 28.3% |
| Fairport Harbor | 25 | 10 | 150% | $76,000 | $49,000 | 55.1% |
| Eastlake | 57 | 62 | -8.1% | $75,000 | $85,500 | -12.3% |
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