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Buckeye Reporter

Thursday, October 31, 2024

Bedford home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Bedford rose by $18,501 while total sales decreased by 32.7%, according to BlockShopper.com.

From January through March of 2020, there were 35 homes sold, with a median sale price of $78,500 - a 30.8% increase over the $60,000 median sale price for the same period of the previous year. There were 52 homes sold in Bedford in the first quarter of 2019.

The median sales tax in Bedford for the most recent year with available data, 2016, was $2,417, approximately 3.1% of the median home sale price for the first quarter of 2020.

The following table compares Bedford to other Cuyahoga County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Cleveland Heights159225-29.3%$95,000$94,6000.4%
Bedford Heights2633-21.2%$90,000$105,000-14.3%
South Euclid97157-38.2%$89,600$73,00022.7%
North Randall21100%$79,117$80,000-1.1%
Oakwood10911.1%$78,625$70,00012.3%
Bedford3552-32.7%$78,500$59,999.5030.8%
Euclid159258-38.4%$64,600$55,74515.9%
Newburgh Heights9812.5%$62,000$41,75048.5%
Garfield Heights120195-38.5%$59,700$52,50013.7%
Woodmere110%$50,000$139,900-64.3%
Maple Heights93141-34%$45,000$47,500-5.3%

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