In August 2018, there were 19 homes sold, with a median sale price of $165,000 - a 15% increase over the $143,500 median sale price for the same period of the previous year. There were 20 homes sold in Olmsted Falls in August 2017.
The median sales tax in Olmsted Falls for the most recent year with available data, 2016, was $4,246, approximately 2.6% of the median home sale price for August 2018.
The following table compares Olmsted Falls to other Cuyahoga County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seven Hills | 23 | 27 | -14.8% | $192,500 | $169,000 | 13.9% |
| Westlake | 57 | 61 | -6.6% | $182,000 | $225,000 | -19.1% |
| Fairview Park | 36 | 32 | 12.5% | $181,750 | $153,750 | 18.2% |
| North Olmsted | 62 | 68 | -8.8% | $169,700 | $145,000 | 17% |
| Lakewood | 107 | 107 | 0% | $168,000 | $152,000 | 10.5% |
| Olmsted Falls | 19 | 20 | -5% | $165,000 | $143,500 | 15% |
| Middleburg Heights | 27 | 51 | -47.1% | $157,000 | $160,000 | -1.9% |
| Mayfield Heights | 41 | 30 | 36.7% | $152,000 | $118,750 | 28% |
| Richmond Heights | 9 | 19 | -52.6% | $146,000 | $109,000 | 33.9% |
| Brooklyn Heights | 1 | 2 | -50% | $145,500 | $99,500 | 46.2% |
| University Heights | 32 | 32 | 0% | $140,350 | $155,000 | -9.5% |
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