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Lake County Times

Monday, November 25, 2024

Home prices decreased in Fairport Harbor during the fourth quarter of 2020

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The median sale price of a home sold in the fourth quarter of 2020 in Fairport Harbor fell by $13,000 while total sales increased by 33.3%, according to BlockShopper.com.

From October through December of 2020, there were 28 homes sold, with a median sale price of $106,000 - a 10.9% decrease over the $119,000 median sale price for the same period of the previous year. There were 21 homes sold in Fairport Harbor in the fourth quarter of 2019.

The median sales tax in Fairport Harbor for the most recent year with available data, 2019, was $4,027, approximately 3.8% of the median home sale price for the fourth quarter of 2020.

The following table compares Fairport Harbor to other Lake County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Painesville24520519.5%$169,000$142,50018.6%
Willoughby1118629.1%$153,000$155,750-1.8%
Mentor-on-the-Lake392839.3%$152,200$131,862.5015.4%
Willowick836625.8%$139,000$124,45011.7%
North Madison473438.2%$135,000$114,95017.4%
Wickliffe856334.9%$135,000$110,00022.7%
Eastlake82793.8%$126,500$94,00034.6%
Fairport Harbor282133.3%$106,000$119,000-10.9%
Grand River50-$105,000$0-
Painesville on-the-Lake12-50%$89,900$28,000221.1%
Avenues Mobile Estates72250%$70,600$172,500-59.1%

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