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Buckeye Reporter

Thursday, October 31, 2024

Seven Hills home prices fall in March 2020

Realestate4

The median sale price of a home sold in March 2020 in Seven Hills fell by $3,550 while total sales decreased by 30%, according to BlockShopper.com.

In March 2020, there were 14 homes sold, with a median sale price of $189,450 - a 1.8% decrease over the $193,000 median sale price for the same period of the previous year. There were 20 homes sold in Seven Hills in March 2019.

The median sales tax in Seven Hills for the most recent year with available data, 2016, was $5,039, approximately 2.7% of the median home sale price for March 2020.

The following table compares Seven Hills to other Cuyahoga County cities with similar median sales prices in March 2020:

CityMar. 2020 Home SalesMar. 2019 Home Sales% change (Total Home Sales)Mar. 2020 Median Sales PriceMar. 2019 Median Sales Price% change (Median Sales Price)
Lakewood4681-43.2%$207,500$167,00024.3%
Rocky River1739-56.4%$205,000$189,9008%
Middleburg Heights11110%$200,000$164,00022%
Fairview Park924-62.5%$200,000$181,9509.9%
North Royalton32320%$189,950$179,5005.8%
Seven Hills1420-30%$189,450$193,000-1.8%
University Heights281764.7%$182,500$98,80084.7%
Mayfield5366.7%$178,000$215,000-17.2%
Mayfield Heights1519-21.1%$160,000$133,00020.3%
Shaker Heights3134-8.8%$157,100$187,250-16.1%
North Olmsted4346-6.5%$145,000$168,950-14.2%

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