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Buckeye Reporter

Wednesday, October 30, 2024

Willoughby Hills home prices fall in April 2020

Re 12

The median sale price of a home sold in April 2020 in Willoughby Hills fell by $53,500 while total sales decreased by 18.2%, according to BlockShopper.com.

In April 2020, there were nine homes sold, with a median sale price of $169,000 - a 24% decrease over the $222,500 median sale price for the same period of the previous year. There were 11 homes sold in Willoughby Hills in April 2019.

The median sales tax in Willoughby Hills for the most recent year with available data, 2015, was $5,519, approximately 3.3% of the median home sale price for April 2020.

The following table compares Willoughby Hills to other Lake County cities with similar median sales prices in April 2020:

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Perry15-80%$199,000$169,00017.8%
North Perry5425%$198,000$167,00018.6%
Grand River10-$185,000$0-
Mentor6183-26.5%$180,000$177,0001.7%
Painesville5973-19.2%$175,000$135,00029.6%
Willoughby Hills911-18.2%$169,000$222,500-24%
Madison15887.5%$151,500$148,5002%
Willoughby28273.7%$146,000$150,000-2.7%
Wickliffe2025-20%$139,750$107,25030.3%
North Madison16160%$138,125$117,00018.1%
Mentor-on-the-Lake10100%$137,450$128,0007.4%

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