Is Cleveland Heights, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland Heights is a seller's market

Buyer's
Market

Difference Since April 2022

Since last year, Cleveland Heights has remained a Seller's Market.

Key Takeaway

Cleveland Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cleveland Heights, OH cost?

Median Sold Price

$195,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

+$21,847(+12.6%)

Key Takeaway

Homes in Cleveland Heights have sold for 12.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $103K$95K
-7.8%
2 $152K$138K
-9.2%
3 $150K$166.6K
+11.1%
4 $187K$215K
+15.0%
5+ $250K$295K
+18.0%

Median Sold Price Compared To Nearby Cities

Cleveland Heights
+12.6%
University Heights
+9.5%
Shaker Heights
+8.7%
South Euclid
+5.6%
East Cleveland
-30.0%

How many homes are available in Cleveland Heights, OH?

Number of Homes For Sale

Mar 2023Apr 2023%
230233+1.3%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 13
+200.0%
2 1217
+41.7%
3 9290
-2.2%
4 8073
-8.8%
5+ 4550
+11.1%

Number of Homes Sold

Mar 2023Apr 2023%
5657+1.8%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland Heights, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.

Average Sale Time

Apr 2022Apr 2023%
42 Days48 Days+12.9%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cleveland Heights are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cleveland Heights, OH

There are 233 homes are for sale in Cleveland Heights, OH real estate market. The number of homes for sale in Cleveland Heights, OH increased by 1.3% between March 2023 and April 2023. While the average time on the market in April 2023 was 48 days, the median list price was $195,000. Listing prices have changed in this real estate market between March 2023 and April 2023: the cost of 1 bedroom properties went down by 7.8%, 2 bedrooms properties became 9.2% more cheaper, 3 bedrooms properties became 11.1% more expensive, prices of 4 bedrooms properties increased by 15%, prices of 5 bedrooms properties increased by 18%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 200%, 2 bedrooms homes became 41.7% more available, 3 bedrooms homes inventory decreased by 2.2%, 4 bedrooms homes became 8.8% less available, 5 bedrooms homes inventory increased by 11.1%. Over 21 listings were sold over their listed price in April 2023 in Cleveland Heights, OH. In the same period over 28 listings were sold below the listed price and 8 listings were sold for the listed price.

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