From July through December of 2017, there were 104 homes sold, with a median sale price of $133,000 - a 2.3% increase over the $130,000 median sale price for the same period of the previous year. There were 111 homes sold in Olmsted Falls in the second half of 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 the second half of 2017.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Middleburg Heights | 186 | 128 | 45.3% | $153,450 | $135,450 | 13.3% |
| Fairview Park | 170 | 165 | 3% | $152,700 | $148,500 | 2.8% |
| Lakewood | 531 | 447 | 18.8% | $150,000 | $140,000 | 7.1% |
| North Olmsted | 321 | 259 | 23.9% | $145,000 | $127,500 | 13.7% |
| University Heights | 151 | 150 | 0.7% | $133,500 | $128,500 | 3.9% |
| Olmsted Falls | 104 | 111 | -6.3% | $133,000 | $130,000 | 2.3% |
| Oakwood | 27 | 20 | 35% | $132,000 | $136,250 | -3.1% |
| Richmond Heights | 82 | 76 | 7.9% | $130,950 | $108,000 | 21.3% |
| Mayfield Heights | 171 | 136 | 25.7% | $130,500 | $114,792 | 13.7% |
| Brooklyn Heights | 6 | 8 | -25% | $129,000 | $111,000 | 16.2% |
| Lyndhurst | 199 | 167 | 19.2% | $126,500 | $122,000 | 3.7% |
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