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Buckeye Reporter

Thursday, October 31, 2024

Brooklyn 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 Brooklyn rose by $1,500 while total sales decreased by 57.6%, according to BlockShopper.com.

From January through March of 2020, there were 14 homes sold, with a median sale price of $100,000 - a 1.5% increase over the $98,500 median sale price for the same period of the previous year. There were 33 homes sold in Brooklyn in the first quarter of 2019.

The median sales tax in Brooklyn for the most recent year with available data, 2016, was $2,666, approximately 2.7% of the median home sale price for the first quarter of 2020.

The following table compares Brooklyn 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)
Olmsted Falls2931-6.5%$130,000$147,500-11.9%
Brook Park5365-18.5%$128,543$119,0008%
Parma207322-35.7%$124,500$114,4508.8%
Parma Heights4366-34.8%$117,500$110,0006.8%
Highland Hills20-$111,450$0-
Brooklyn1433-57.6%$100,000$98,5001.5%
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%

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