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Lake County Times

Sunday, November 24, 2024

May 2021: Home prices in Eastlake fell

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The median sale price of a home sold in May 2021 in Eastlake fell by $4,050 while total sales increased by 14.3%, according to BlockShopper.com.

In May 2021, there were 32 homes sold, with a median sale price of $125,950 - a 3.1% decrease over the $130,000 median sale price for the same period of the previous year. There were 28 homes sold in Eastlake in May 2020.

The median sales tax in Eastlake for the most recent year with available data, 2019, was $3,637, approximately 2.9% of the median home sale price for May 2021.

The following table compares Eastlake to other Lake County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Mentor-on-the-Lake1215-20%$170,500$152,00012.2%
Willowick332065%$153,500$134,95013.7%
Willoughby33316.5%$142,000$159,900-11.2%
Painesville on-the-Lake30-$135,000$0-
Wickliffe312334.8%$129,000$120,8006.8%
Eastlake322814.3%$125,950$130,000-3.1%
North Madison19185.6%$125,000$117,9506%
Fairport Harbor52150%$114,000$74,00054.1%
Avenues Mobile Estates20-$102,550$0-
Grand River21100%$100,550$167,500-40%
Perry12-50%$66,000$79,400-16.9%

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