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Sunday, November 24, 2024

Eastlake median home prices rose by 17.6% in the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Eastlake rose by $21,725 while total sales increased by 31.3%, according to BlockShopper.com.

From January through June of 2021, there were 189 homes sold, with a median sale price of $145,000 - a 17.6% increase over the $123,275 median sale price for the same period of the previous year. There were 144 homes sold in Eastlake in the first half of 2020.

The median sales tax in Eastlake for the most recent year with available data, 2019, was $3,637, approximately 2.5% of the median home sale price for the first half of 2021.

The following table compares Eastlake 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)
Willoughby1731683%$175,000$147,25018.8%
Grand River550%$165,000$167,500-1.5%
Mentor-on-the-Lake62595.1%$161,250$145,50010.8%
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%

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