Is Cleveland Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cleveland Heights has remained a Seller's Market.
Housing Prices in Cleveland Heights, OH
How much do homes in Cleveland Heights, OH cost?
Median Sold Price
$199,966
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cleveland Heights was $199,966 in April 2024, up 1% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $93.7K | -1.3% |
2 Bedrooms | $139.9K | $143K | +2.2% |
3 Bedrooms | $169.3K | $170.7K | +0.8% |
4 Bedrooms | $215K | $222.9K | +3.7% |
5+ Bedrooms | $292.1K | $299K | +2.4% |
Summary: Cleveland Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
University Heights | $230K | $265K | +15.2% |
Shaker Heights | $278.3K | $305K | +9.6% |
South Euclid | $162.7K | $164.5K | +1.1% |
Cleveland Heights | $197.9K | $199.9K | +1.0% |
East Cleveland | $56K | $55.7K | -0.4% |
Housing Supply in Cleveland Heights, OH
How many homes are available in Cleveland Heights, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
189 | 209 | +10.6% |
Summary: The Cleveland Heights real estate market had 209 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 84 | 92 | +9.5% |
4 Bedrooms | 53 | 59 | +11.3% |
5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The Cleveland Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Cleveland Heights in April 2024, up by 9.5% month-over-month. Of the 46 sold homes, 57% were sold under asking, 9% were sold at asking, and 35% were sold over asking.
Days on Market for Cleveland Heights, OH
How long does it take to sell a home in Cleveland Heights, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 51 Days | -8.2% |
Summary: Homes in Cleveland Heights had an average of 51 days on market in Apr 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Cleveland Heights; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.