Is Middleburg 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, Middleburg Heights has remained a Seller's Market.
Housing Prices in Middleburg Heights, OH
How much do homes in Middleburg Heights, OH cost?
Median Sold Price
$250,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Middleburg Heights was $250,000 in May 2024, up 1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | - | N/A |
2 Bedrooms | $175K | $141.5K | -19.1% |
3 Bedrooms | $253K | $268.9K | +6.3% |
4 Bedrooms | $292K | $305K | +4.5% |
5+ Bedrooms | $302.5K | $480K | +58.7% |
Summary: Middleburg Heights 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 19.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 58.7%.
Median Sold Price Compared To Nearby Cities
Berea | $195.7K | $233.4K | +19.3% |
Brookpark | $185K | $210K | +13.5% |
Brook Park | $185K | $210K | +13.5% |
Parma Heights | $186K | $197.7K | +6.3% |
Middleburg Heights | $247.5K | $250K | +1.0% |
Housing Supply in Middleburg Heights, OH
How many homes are available in Middleburg Heights, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 47 | +17.5% |
Summary: The Middleburg Heights real estate market had 47 homes for sale in May 2024, a 17.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Middleburg Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Middleburg Heights in May 2024, up by 13.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% were sold over asking.
Days on Market for Middleburg Heights, OH
How long does it take to sell a home in Middleburg Heights, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 12 Days | +36.0% |
Summary: Homes in Middleburg Heights had an average of 12 days on market in May 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Middleburg Heights; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.