CLEVELAND, Ohio – The median value for single-family properties in Cuyahoga County took a soar up in February, particularly so within the suburbs.
Countywide, the median was $117,500, up from $105,000 in January. Final 12 months, the conventional seasonal swing towards greater costs didn’t begin till March, cleveland.com’s month-to-month monitoring of county house gross sales information discovered.
In February 2019, the median gross sales value was considerably decrease, at $90,000.
In simply the suburbs, the median reached $149,250 in February, up from $136,750 in January. In February 2019, the median was $119,950.
Costs have been extra unstable within the metropolis, the place there are fewer gross sales and lots of the higher-priced properties are categorized as condos.
The February median for single-family value in Cleveland was $42,500, down from $47,500 in January. The median was additionally $47,500 in February 2019.
The cleveland.com evaluation of county property switch information contains single-family properties solely, excluding each condos and duplexes, in addition to sheriff’s deed transactions and the handful of gross sales underneath $1,000.
Graphics above and under illustrate gross sales costs for the suburbs, town of Cleveland and countywide.
Rich Exner, information evaluation editor for cleveland.com, writes about numbers on quite a lot of subjects. Observe on Twitter @RichExner. See different data-related tales at cleveland.com/datacentral.