Is Willowick, 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, Willowick has remained a Seller's Market.
Housing Prices in Willowick, OH
How much do homes in Willowick, OH cost?
Median Sold Price
$180,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Willowick was $180,000 in April 2024, up 2.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57K | $51.5K | -9.6% |
2 Bedrooms | $122K | $170.5K | +39.8% |
3 Bedrooms | $173K | $180K | +4.0% |
4 Bedrooms | $185K | $185K | 0.0% |
5+ Bedrooms | $209.5K | $228.5K | +9.1% |
Summary: Willowick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Eastlake | $170K | $189K | +11.2% |
Wickliffe | $168.5K | $182K | +8.0% |
Euclid | $129.6K | $133.5K | +3.0% |
Willowick | $175K | $180K | +2.9% |
Willoughby | $245K | $239.5K | -2.2% |
Housing Supply in Willowick, OH
How many homes are available in Willowick, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 51 | -8.9% |
Summary: The Willowick real estate market had 51 homes for sale in April 2024, a 8.9% 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 | 4 | 7 | +75.0% |
3 Bedrooms | 43 | 36 | -16.3% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Willowick 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 75%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 16 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Willowick in April 2024, down by 20.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Willowick, OH
How long does it take to sell a home in Willowick, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 31 Days | -50.0% |
Summary: Homes in Willowick had an average of 31 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Willowick; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.