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Tremont median home price tops $178,000; see Cleveland prices by neighborhood

January 30, 2018

Tremont median home price tops $178,000; see Cleveland prices by neighborhood

CLEVELAND, Ohio - The median single-family home price in Tremont edged up to $178,250 last year, marking the third straight year of growth in the Cleveland neighborhood where prices top those in most suburbs in Cuyahoga County.

Among neighborhoods where there were at least 25 sales to offer a trend, Tremont was No. 1 in the city for single-family homes, followed by Kamm’s Corners at $129,000 and Edgewater at $100,000, a cleveland.com analysis of 2017 sales found.

For the separate condo market, median prices topped $200,000 in the downtown, Detroit-Shoreway and Ohio City areas, based on transfer data from the county fiscal office. (See condo details below.)

Find the historical price trend by neighborhood, 2007 to 2017.

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Note: Cleveland in 2014 redrew some neighborhood lines for statistical purposes; cleveland.com used the older boundaries for this analysis in order to track changes over a longer period of time.

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Overall, the median single-family home price in Cleveland last year was $37,500. This was the highest level since the housing crash of 2008, yet still below the 2007 median of $45,500.

Keeping overall prices down are several neighborhoods where the median prices were below $20,000, including $12,000 on 21 sales in Kinsman last year and $15,000 for 94 sales in Forest Hills.

The condo market

Separately, the median price for condos citywide was $149,000, including 86 condos that went for at least $200,000 each, according to county records.

In neighborhoods where there were at least 25 sales, the median prices for condos were $248,000 in Detroit-Shoreway, $208,250 in Ohio City, $204,000 downtown, and $88,500 in Buckeye-Shaker.

The analysis excluded sheriff’s sales and homes sold under $1,000 because they do not reflect the normal buyer’s market. In some cases, new homes sold on newly created parcels are not flagged as single-family homes or condos in the transfer data.

Related:

Median prices for each city, village and township in Cuyahoga County, 2007-2017.22 Cuyahoga homes that went for more than $1.5 million in 2017.New property tax rates for each place in Northeast Ohio.Property taxes based on median home price in each Cuyahoga County city, village and township.Search for Cuyahoga Property transfer data, by address or street since 2007.

Rich Exner, data analysis editor for cleveland.com, writes about numbers on a variety of topics. Follow on Twitter @RichExner.