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Sunday, November 24, 2024

May 2021: Willowick experienced a 13.7% increase in median home prices

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The median sale price of a home sold in May 2021 in Willowick rose by $18,550 while total sales increased by 65%, according to BlockShopper.com.

In May 2021, there were 33 homes sold, with a median sale price of $153,500 - a 13.7% increase over the $134,950 median sale price for the same period of the previous year. There were 20 homes sold in Willowick in May 2020.

The median sales tax in Willowick for the most recent year with available data, 2019, was $3,840, approximately 2.5% of the median home sale price for May 2021.

The following table compares Willowick 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)
North Perry46-33.3%$222,000$190,75016.4%
Madison126100%$207,450$207,500-0%
Painesville774092.5%$200,000$178,00012.4%
Mentor796717.9%$190,000$170,00011.8%
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%

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