Is Garfield 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, Garfield Heights has remained a Seller's Market.
Housing Prices in Garfield Heights, OH
How much do homes in Garfield Heights, OH cost?
Median Sold Price
$129,666
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Garfield Heights was $129,666 in April 2024, up 1.4% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $93K | $91K | -2.2% |
3 Bedrooms | $127.5K | $132.4K | +3.9% |
4 Bedrooms | $140K | $134.5K | -3.9% |
5+ Bedrooms | $124K | $147K | +18.5% |
Summary: Garfield Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
Maple Heights | $110K | $122.1K | +11.1% |
Garfield Heights | $127.9K | $129.6K | +1.4% |
Cleveland | $155.3K | $157.3K | +1.3% |
Housing Supply in Garfield Heights, OH
How many homes are available in Garfield Heights, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 123 | -3.9% |
Summary: The Garfield Heights real estate market had 123 homes for sale in April 2024, a 3.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 82 | 87 | +6.1% |
4 Bedrooms | 33 | 24 | -27.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Garfield 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 remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 41 | +24.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Garfield Heights in April 2024, up by 24.2% month-over-month. Of the 41 sold homes, 44% were sold under asking, 24% were sold at asking, and 32% were sold over asking.
Days on Market for Garfield Heights, OH
How long does it take to sell a home in Garfield Heights, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 50 Days | -23.5% |
Summary: Homes in Garfield Heights had an average of 50 days on market in Apr 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Garfield Heights; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.