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Monday, November 25, 2024

Kirtland home prices rose in the fourth quarter of 2020

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The median sale price of a home sold in the fourth quarter of 2020 in Kirtland rose by $58,750 while total sales increased by 121.4%, according to BlockShopper.com.

From October through December of 2020, there were 31 homes sold, with a median sale price of $325,000 - a 22.1% increase over the $266,250 median sale price for the same period of the previous year. There were 14 homes sold in Kirtland in the fourth quarter of 2019.

The median sales tax in Kirtland for the most recent year with available data, 2019, was $8,397, approximately 2.6% of the median home sale price for the fourth quarter of 2020.

The following table compares Kirtland 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)
Waite Hill10-$697,135$0-
Kirtland Hills34-25%$425,000$453,500-6.3%
Kirtland3114121.4%$325,000$266,25022.1%
Perry8633.3%$279,500$140,50098.9%
Willoughby Hills2913123.1%$251,000$220,00014.1%
North Perry201625%$214,700$155,45038.1%
Timberlake42100%$202,750$186,7508.6%
Madison383315.2%$185,900$154,90020%
Lakeline3250%$174,900$196,000-10.8%
Mentor26618444.6%$173,950$152,45014.1%
Painesville24520519.5%$169,000$142,50018.6%

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