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Lake County Times

Sunday, November 24, 2024

How did home prices perform in Willoughby Hills during the first half of 2021?

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The median sale price of a home sold in the first half of 2021 in Willoughby Hills rose by $122,500 while total sales increased by 13.9%, according to BlockShopper.com.

From January through June of 2021, there were 41 homes sold, with a median sale price of $315,000 - a 63.6% increase over the $192,500 median sale price for the same period of the previous year. There were 36 homes sold in Willoughby Hills in the first half of 2020.

The median sales tax in Willoughby Hills for the most recent year with available data, 2019, was $6,288, approximately 2% of the median home sale price for the first half of 2021.

The following table compares Willoughby Hills 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)
Waite Hill5366.7%$720,000$1,000,000-28%
Kirtland Hills45-20%$402,500$535,000-24.8%
Willoughby Hills413613.9%$315,000$192,50063.6%
Kirtland382552%$280,000$210,00033.3%
North Perry2427-11.1%$240,000$198,00021.2%
Timberlake25-60%$223,250$133,50067.2%
Perry14140%$197,900$163,499.5021%
Mentor4263919%$195,000$175,00011.4%
Madison745437%$175,000$162,0008%
Willoughby1731683%$175,000$147,25018.8%
Grand River550%$165,000$167,500-1.5%

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