Is Mayfield Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mayfield Heights has remained a Seller's Market.
Housing Prices in Mayfield Heights, OH
How much do homes in Mayfield Heights, OH cost?
Median Sold Price
$217,750
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mayfield Heights was $217,750 in May 2024, up 13.4% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $73K | -54.4% |
2 Bedrooms | $153.5K | $180K | +17.3% |
3 Bedrooms | $197.5K | $225K | +13.9% |
4 Bedrooms | $280K | $298.5K | +6.6% |
5+ Bedrooms | $270K | $516K | +91.1% |
Summary: Mayfield Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.4%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 91.1%.
Median Sold Price Compared To Nearby Cities
Highland Heights | $370K | $430K | +16.2% |
Mayfield Heights | $192K | $217.7K | +13.4% |
Lyndhurst | $207.8K | $215K | +3.4% |
Mayfield | $385K | $349K | -9.4% |
Housing Supply in Mayfield Heights, OH
How many homes are available in Mayfield Heights, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 57 | +21.3% |
Summary: The Mayfield Heights real estate market had 57 homes for sale in May 2024, a 21.3% increase 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 | 11 | 13 | +18.2% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mayfield Heights 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 increased by 18.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Mayfield Heights in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Mayfield Heights, OH
How long does it take to sell a home in Mayfield Heights, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 36 Days | +24.0% |
Summary: Homes in Mayfield Heights had an average of 36 days on market in May 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Mayfield Heights; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.