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Sunday, November 24, 2024

Pricing for the median home in Eastlake increased during June 2021

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The median sale price of a home sold in June 2021 in Eastlake rose by $50,500 while total sales increased by 40%, according to BlockShopper.com.

In June 2021, there were 35 homes sold, with a median sale price of $164,000 - a 44.5% increase over the $113,500 median sale price for the same period of the previous year. There were 25 homes sold in Eastlake in June 2020.

The median sales tax in Eastlake for the most recent year with available data, 2019, was $3,637, approximately 2.2% of the median home sale price for June 2021.

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

CityJune 2021 Home SalesJune 2020 Home Sales% change (Total Home Sales)June 2021 Median Sales PriceJune 2020 Median Sales Price% change (Median Sales Price)
Willoughby403417.6%$181,000$180,0000.6%
Madison221283.3%$175,000$169,0003.6%
Mentor-on-the-Lake211275%$170,000$136,20024.8%
Grand River10-$165,000$0-
Willowick45434.7%$165,000$130,00026.9%
Eastlake352540%$164,000$113,50044.5%
Painesville947328.8%$157,500$153,0002.9%
North Madison14140%$155,012.50$134,45015.3%
Wickliffe322910.3%$139,500$121,50014.8%
Fairport Harbor113266.7%$137,000$166,000-17.5%
Lane10-$100,000$0-

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