Is Kirtland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kirtland was a Seller's Market.
Housing Prices in Kirtland, OH
How much do homes in Kirtland, OH cost?
Median Sold Price
$350,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kirtland was $350,000 in May 2024, up 22.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $32K | $28K | -12.5% |
3 Bedrooms | $249.9K | $320K | +28.0% |
4 Bedrooms | $372.2K | $425K | +14.2% |
5+ Bedrooms | $650K | $390K | -40.0% |
Summary: Kirtland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Cities
Kirtland | $285K | $350K | +22.8% |
Chardon Township | $321K | $316K | -1.6% |
Willoughby | $245K | $238K | -2.9% |
Housing Supply in Kirtland, OH
How many homes are available in Kirtland, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Summary: The Kirtland real estate market had 15 homes for sale in May 2024, a 25.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Kirtland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Kirtland in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kirtland, OH
How long does it take to sell a home in Kirtland, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 69 Days | +26.1% |
Summary: Homes in Kirtland had an average of 69 days on market in May 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Kirtland; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.