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Sunday, November 24, 2024

Pricing for the median home in Shoreland increased during the first half of 2021

Realestate077

The median sale price of a home sold in the first half of 2021 in Shoreland rose by $63,725 while total sales decreased by 75%, according to BlockShopper.com.

From January through June of 2021, there were two homes sold, with a median sale price of $125,250 - a 103.6% increase over the $61,525 median sale price for the same period of the previous year. There were eight homes sold in Shoreland in the first half of 2020.

The median sales tax in Shoreland for the most recent year with available data, 2019, was $2,925, approximately 2.3% of the median home sale price for the first half of 2021.

The following table compares Shoreland to other Lake County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Painesville40334317.5%$154,900$153,0001.2%
Lakeline41300%$150,000$180,000-16.7%
Eastlake18914431.3%$145,000$123,27517.6%
Willowick19113541.5%$145,000$130,00011.5%
North Madison81758%$145,000$124,90016.1%
Lane21100%$136,000$75,00081.3%
Fairport Harbor312334.8%$136,000$101,50034%
Wickliffe15913319.5%$133,000$118,28012.4%
Avenues Mobile Estates136116.7%$131,500$114,00015.4%
Shoreland28-75%$125,250$61,525103.6%
Painesville on-the-Lake61500%$116,950$110,0006.3%

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