Is Cuyahoga County, 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, Cuyahoga County has remained a Seller's Market.
Housing Prices in Cuyahoga County, OH
How much do homes in Cuyahoga County, OH cost?
Median Sold Price
$189,646
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cuyahoga County was $189,646 in April 2024, up 3.7% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $92.5K | +8.8% |
2 Bedrooms | $139.9K | $143.8K | +2.7% |
3 Bedrooms | $176.3K | $185K | +4.9% |
4 Bedrooms | $243.5K | $240.1K | -1.4% |
5+ Bedrooms | $255.3K | $247.2K | -3.2% |
Summary: Cuyahoga County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Counties
Lake County | $199.9K | $214.9K | +7.5% |
Summit County | $182.1K | $189.8K | +4.2% |
Cuyahoga County | $182.8K | $189.6K | +3.7% |
Geauga County | $330.2K | $340.8K | +3.2% |
Housing Supply in Cuyahoga County, OH
How many homes are available in Cuyahoga County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,314 | 4,387 | +1.7% |
Summary: The Cuyahoga County real estate market had 4,387 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 71 | 77 | +8.5% |
2 Bedrooms | 563 | 562 | -0.2% |
3 Bedrooms | 1,963 | 1,965 | 0.1% |
4 Bedrooms | 1,240 | 1,294 | +4.4% |
5+ Bedrooms | 477 | 489 | +2.5% |
Summary: The Cuyahoga County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,159 | 1,234 | +6.5% |
Asking Price vs. Sold Price
537 Homes Were Sold
Under Asking
163 Homes Were Sold
At Asking
534 Homes Were Sold
Over Asking
Summary: A total of 1,234 homes were sold or pending in Cuyahoga County in April 2024, up by 6.5% month-over-month. Of the 1,234 sold homes, 44% were sold under asking, 13% were sold at asking, and 43% were sold over asking.
Days on Market for Cuyahoga County, OH
How long does it take to sell a home in Cuyahoga County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 37 Days | -8.8% |
Summary: Homes in Cuyahoga County had an average of 37 days on market in Apr 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
723 Homes Were Sold
Under 30 Days
362 Homes Were Sold
In 30 - 90 Days
149 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1234 homes were sold in Cuyahoga County; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.