From January through December of 2017, there were 196 homes sold, with a median sale price of $134,500 - a 5.1% increase over the $128,000 median sale price for the previous year. There were 168 homes sold in Olmsted Falls in 2016.
The median sales tax in Olmsted Falls for the most recent year with available data, 2016, was $4,246, approximately 3.2% of the median home sale price for 2017.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakewood | 1,049 | 694 | 51.2% | $148,000 | $133,950 | 10.5% |
| University Heights | 327 | 253 | 29.2% | $141,036 | $125,000 | 12.8% |
| North Olmsted | 619 | 423 | 46.3% | $140,000 | $125,800 | 11.3% |
| Brooklyn Heights | 16 | 12 | 33.3% | $135,000 | $122,000 | 10.7% |
| Cuyahoga Heights | 9 | 1 | 800% | $135,000 | $147,500 | -8.5% |
| Olmsted Falls | 196 | 168 | 16.7% | $134,500 | $128,000 | 5.1% |
| Mayfield Heights | 338 | 208 | 62.5% | $129,714 | $115,000 | 12.8% |
| Richmond Heights | 170 | 133 | 27.8% | $126,375 | $105,000 | 20.4% |
| Lyndhurst | 421 | 256 | 64.5% | $124,400 | $119,250 | 4.3% |
| Berea | 333 | 239 | 39.3% | $116,000 | $110,000 | 5.5% |
| Brook Park | 306 | 251 | 21.9% | $110,000 | $104,000 | 5.8% |
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