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Monday, November 25, 2024

The fourth quarter of 2020: Home prices in Kirtland Hills fell

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The median sale price of a home sold in the fourth quarter of 2020 in Kirtland Hills fell by $28,500 while total sales decreased by 25%, according to BlockShopper.com.

From October through December of 2020, there were three homes sold, with a median sale price of $425,000 - a 6.3% decrease over the $453,500 median sale price for the same period of the previous year. There were four homes sold in Kirtland Hills in the fourth quarter of 2019.

The median sales tax in Kirtland Hills for the most recent year with available data, 2019, was $18,542, approximately 4.4% of the median home sale price for the fourth quarter of 2020.

The following table compares Kirtland Hills 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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