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Thursday, October 17, 2024

What happened to the median home price in Minerva Park during the first quarter of 2021?

Re 9

The median sale price of a home sold in the first quarter of 2021 in Minerva Park rose by $100,000 while total sales increased by 66.7%, according to BlockShopper.com.

From January through March of 2021, there were five homes sold, with a median sale price of $295,000 - a 51.3% increase over the $195,000 median sale price for the same period of the previous year. There were three homes sold in Minerva Park in the first quarter of 2020.

The median sales tax in Minerva Park for the most recent year with available data, 2019, was $4,060, approximately 1.4% of the median home sale price for the first quarter of 2021.

The following table compares Minerva Park to other Franklin County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Bexley1727-37%$395,000$317,00024.6%
Worthington1117-35.3%$386,000$285,00035.4%
Grandview Heights58-37.5%$380,000$397,750-4.5%
Upper Arlington2358-60.3%$345,000$399,750-13.7%
Blacklick1731-45.2%$317,000$289,9009.3%
Minerva Park5366.7%$295,000$195,00051.3%
Hilliard463627.8%$286,500$247,50015.8%
Westerville3250-36%$263,750$246,0007.2%
Grove City5965-9.2%$258,000$197,00031%
Canal Winchester722-68.2%$247,000$233,9505.6%
Gahanna4371-39.4%$247,000$250,000-1.2%

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