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Sunday, November 24, 2024

Rising home prices in Oak Ridge in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Oak Ridge rose by $8,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2021, there were four homes sold, with a median sale price of $192,000 - a 4.3% increase over the $184,000 median sale price for the same period of the previous year. There were six homes sold in Oak Ridge in the third quarter of 2020.

The median sales tax in Oak Ridge for the most recent year with available data, 2018, was $3,966, approximately 2.1% of the median home sale price for the third quarter of 2021.

The following table compares Oak Ridge to other Stark County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
North Canton20816625.3%$215,450$190,45013.1%
Kendall Heights5425%$215,000$159,25035%
Indianola Estates52150%$207,500$168,60023.1%
Richville1213-7.7%$207,500$165,00025.8%
Canal Fulton4973-32.9%$198,500$185,0007.3%
Oak Ridge46-33.3%$192,000$184,0004.3%
Lake View Heights20-$186,600$0-
Middlebranch3250%$185,000$196,950-6.1%
Brewster911-18.2%$182,500$115,50058%
Robertsville220%$172,499$106,45062%
Fulton Heights4333.3%$170,000$149,50013.7%

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