Is Cleveland Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Cleveland Heights, OH
How much do homes in Cleveland Heights, OH cost?
Median Sold Price
$199,999
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cleveland Heights have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Cleveland Heights was $199,999 in March 2024, up 2.6% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $93.7K | +4.2% |
| 2 Bedrooms | $144.9K | $143K | -1.3% |
| 3 Bedrooms | $164.9K | $175K | +6.1% |
| 4 Bedrooms | $217.5K | $216.2K | -0.6% |
| 5+ Bedrooms | $289.9K | $304.5K | +5.0% |
Summary: Cleveland Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| University Heights | $230K | $260K | +13.0% |
| Shaker Heights | $275.6K | $303.6K | +10.1% |
| South Euclid | $160K | $164.5K | +2.8% |
| Cleveland Heights | $195K | $199.9K | +2.6% |
| East Cleveland | $57.9K | $55K | -5.1% |
Housing Supply in Cleveland Heights, OH
How many homes are available in Cleveland Heights, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 181 | +13.1% |
Summary: The Cleveland Heights real estate market had 181 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 67 | 79 | +17.9% |
| 4 Bedrooms | 47 | 53 | +12.8% |
| 5+ Bedrooms | 37 | 35 | -5.4% |
Summary: The Cleveland Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland Heights, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Cleveland Heights in March 2024, up by 5.7% month-over-month. Of the 37 sold homes, 49% were sold under asking, 14% were sold at asking, and 38% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 42 Days | -20.4% |
Summary: Homes in Cleveland Heights had an average of 42 days on market in Mar 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in Cleveland Heights; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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