From October through December of 2018, there were 82 homes sold, with a median sale price of $260,000. There were 76 homes sold in Solon in the fourth quarter of 2017, and the median sales price for the period was also $260,000.
The median sales tax in Solon for the most recent year with available data, 2016, was $6,431, approximately 2.5% of the median home sale price for the fourth quarter of 2018.
The following table compares Solon to other Cuyahoga County cities with similar median sales prices in the fourth quarter of 2018:
City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Pepper Pike | 29 | 20 | 45% | $400,000 | $331,500 | 20.7% |
Gates Mills | 7 | 11 | -36.4% | $355,000 | $530,000 | -33% |
Chagrin Falls | 21 | 28 | -25% | $274,000 | $260,000 | 5.4% |
Bay Village | 66 | 86 | -23.3% | $267,000 | $229,625 | 16.3% |
Orange | 22 | 11 | 100% | $266,250 | $295,000 | -9.7% |
Solon | 82 | 76 | 7.9% | $260,000 | $260,000 | 0% |
Beachwood | 36 | 38 | -5.3% | $257,000 | $252,475 | 1.8% |
Valley View | 4 | 5 | -20% | $249,500 | $225,000 | 10.9% |
Independence | 18 | 21 | -14.3% | $234,950 | $183,800 | 27.8% |
Brecksville | 52 | 67 | -22.4% | $229,500 | $225,000 | 2% |
Bratenahl | 13 | 24 | -45.8% | $225,000 | $230,000 | -2.2% |